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949 W 1700 S

35,996 SF Retail Building Salt Lake City, UT 84104 £5,185,050 (£144/SF) 6.70% Net Initial Yield

Investment Highlights

  • Located in the South Salt Lake I-15 Industrial Corridor on the corner of 17th South and 9th West. Central between I-15 (N-S) and I-80 (E-W) Freeways
  • The property can be accessed from both 1700 South and Quayle Avenue. The property has over 430 ft of Frontage on 1700 South.
  • The subject consists of one parcel totaling 2.64 acres or 114,998 SF.

Executive Summary

Mountain West has been selected to offer a single tenant absolute NNN leased investment occupied by The Marine Products. This property is a unique investment opportunity in Salt Lake City, Utah. The real estate is well positioned in the Salt Lake Valley and only 3 minutes off the UT-201 Interchange. As the exclusive dealer in Utah for MP, Moomba, & Supra Boat the location provides an ease of access for the
customers across the Wasatch Front.
The asset includes 2.64 Acres of land with 430 +/- feet of frontage along the 1700 South corridor to the intersection of 900 West. With 1700 South and 900 West generating over 25,000 vehicles per day the visibility and presence of the location is outstanding. The property includes three structures providing ample retail space, shop space, and covered storage. The site is well designed with 1.31 acres of secured fenced yard area for boat storage, in addition to the ample customer and display parking along 1700 South.
Marine Products is a company that has been in business since 1971, known for its vast inventory of product with robust sales at this location and a strong online presence they offer convenience and a great customer experience through all sales channels, making MP a leader in the boat dealership industry. The company has been recognized for multiple Dealer awards and is a major sponsor for boating events and athletes. With an average Marine Products employee being with the company for 20 years, they provide customers with the highest level of expertise.
In summary, the asset is a high-quality investment, which includes a large 2.64 acre parcel of land, three building structures for a combined total of approximately 38,696 square feet, and a Tenant that has been a staple in the community since 1971.

Data Room Click Here to Access

Property Facts Under Contract

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
35,996 SF
Building Class
C
Year Built
1996
Price
£5,185,050
Price Per SF
£144
Net Initial Yield
6.70%
NOI
£347,398
Tenancy
Single
Number of Floors
2
Building FAR
0.31
Lot Size
2.64 AC
Zoning
CG - General Commercial
Parking
26 Spaces (0.58 Spaces per 1,000 SF Leased)
Frontage
430 ft on 1700 South St

Amenities

  • Bus Route
  • Dedicated Turn Lane
  • Pylon Sign

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

A local sporting good and boat retailer established in 2000, based out of Salt Lake City, UT.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Retailer - $9.99 Lorem Ipsum Jan 0000
Bike Score ®
Very Bikeable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Zions Bank
Denny's
United Rentals
Bank of America
Starbucks
IHOP
KeyBank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
15-14-405-021-0000
Land Assessment
£1,467,768
Improvements Assessment
£2,010,044
Total Assessment
£3,477,812
  • Listing ID: 30706824

  • Date on Market: 19/01/2024

  • Last Updated:

  • Address: 949 W 1700 S, Salt Lake City, UT 84104

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