11376 State st - Freestanding FOR SALE


$4,950,000 USD
435-627-5705
11376 State st, Sandy, UT for Sale
$4,950,000 USD
Freestanding - FOR SALE
1/5
null | 5.25% Cap Rate


HIGHLIGHTS

  • Single-tenant, nationally recognized retail investment
  • Exceptional location immediately adjacent to SCHEELS
  • Strong State Street visibility and convenient I-15 access
  • Located within a premier, high-traffic retail trade area
  • Approximately 33+ years remaining on the ground lease
  • Approximately 8+ years remaining on the initial lease term

OVERVIEW

Single-tenant, nationally recognized retail investment Exceptional location immediately adjacent to SCHEELS Strong State Street visibility and convenient I-15 access Located within a premier, high-traffic retail trade area Approximately 33+ years remaining on the ground lease Approximately 8+ years remaining on the initial lease term 10% contractual rent increases every five years Long-term income stability with built-in rent growth. Surrounded by major national retailers and established demand generators Located in one of Utah’s strongest and fastest-growing commercial markets. This offering provides investors with the opportunity to acquire a long-term, strategically located retail asset backed by a nationally recognized tenant, with substantial remaining lease term and contractual rent growth

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$317 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Duluth Trading- Leasehold (Corporate location

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.46 AC

LAND SF

281,187 SF

ZONING

Comm

APN/PARCEL ID

27-24-279-013-0000

ASK ABOUT THIS PROPERTY

Wes DavisNAI ExcelMore Info
435-627-5705

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Wes DavisNAI ExcelMore Info
435-627-5705

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.