Verizon Wireless Investment Opportunity | 499 S Main St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Verizon Wireless Investment Opportunity 499 S Main St
2,073 SF Retail Building Richfield, UT 84701 £371,664 (£179/SF) 8.81% Net Initial Yield
Investment Highlights
- 100% OCCUPIED BY NATIONALLY RECOGNIZED TENANT
- GREAT VISIBILITY & ACCESSIBILITY
- PRIME LOCATION
- CORPORATELY GUARANTEED
- MINIMAL WIRELESS COMPETITORS IN THE AREA
Executive Summary
100% OCCUPIED BY NATIONALLY RECOGNIZED TENANT Verizon Wireless is the second-largest wireless telecommunications provider in the United States and in 2019 became the first company in the world to offer customers 5G-enabled
smartphones connected to a 5G network.
CORPORATELY GUARANTEED Russell Cellular, Inc. is an exclusive Verizon Authorized Retailer specializing in wireless
communication services for the past 25+ years. From very humble beginnings, Russell Cellular has grown to become a nationwide leader in the wireless industry. Russell Cellular is a Verizon Authorized Retailer and “Big 6” agent, with 800+ locations across 43 states, and 2,600+ team members.
GREAT VISIBILITY & ACCESSIBILITY Located directly on Highway 120 which is the main thoroughfare through Richfield, UT. The
property is only 4 minutes away from the Interstate-70, Richfield exit. Salt Lake City, UT. is less than 2 ½ hours from the property.
MINIMAL WIRELESS COMPETITORS IN THE AREA Russell Cellular is one of only two (2) cell phone retailers in the entire city of Richfield, UT. The next closest authorized Verizon retailer is over 54 miles away in Ephraim, UT making this location top 5% producing Russell Cellular locations.
PRIME LOCATION Richfield has developed as a regional tourist center because it is located on the interstate freeway about halfway between Los Angeles, California and Denver, Colorado, attracting many automobile travelers who stop at the city. It is also on the thoroughfare to several nearby national parks and national forests.
smartphones connected to a 5G network.
CORPORATELY GUARANTEED Russell Cellular, Inc. is an exclusive Verizon Authorized Retailer specializing in wireless
communication services for the past 25+ years. From very humble beginnings, Russell Cellular has grown to become a nationwide leader in the wireless industry. Russell Cellular is a Verizon Authorized Retailer and “Big 6” agent, with 800+ locations across 43 states, and 2,600+ team members.
GREAT VISIBILITY & ACCESSIBILITY Located directly on Highway 120 which is the main thoroughfare through Richfield, UT. The
property is only 4 minutes away from the Interstate-70, Richfield exit. Salt Lake City, UT. is less than 2 ½ hours from the property.
MINIMAL WIRELESS COMPETITORS IN THE AREA Russell Cellular is one of only two (2) cell phone retailers in the entire city of Richfield, UT. The next closest authorized Verizon retailer is over 54 miles away in Ephraim, UT making this location top 5% producing Russell Cellular locations.
PRIME LOCATION Richfield has developed as a regional tourist center because it is located on the interstate freeway about halfway between Los Angeles, California and Denver, Colorado, attracting many automobile travelers who stop at the city. It is also on the thoroughfare to several nearby national parks and national forests.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
2,073 SF
Building Class
C
Year Built
1974
Price
£371,664
Price Per SF
£179
Net Initial Yield
8.81%
NOI
£32,760
Tenancy
Single
Number of Floors
1
Building FAR
0.08
Lot Size
0.58 AC
Parking
22 Spaces (10 Spaces per 1,000 SF Leased)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 1-15-14 | Improvements Assessment | £120,771 |
| Land Assessment | £90,816 | Total Assessment | £211,587 |
PROPERTY TAXES
Parcel Number
1-15-14
Land Assessment
£90,816
Improvements Assessment
£120,771
Total Assessment
£211,587
1 of 5
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Verizon Wireless Investment Opportunity | 499 S Main St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.