1186 S Main St - Service FOR SALE


Salt Lake City, UT 84101- Central Salt Lake City
$2,243,000 USD
570-762-6075
1186 S Main St, Salt Lake City, UT for Sale
$2,243,000 USD
Service - FOR SALE
1/4
null | 6.5% Cap Rate

1186 S Main St
Salt Lake City, UT 84101
Central Salt Lake City


HIGHLIGHTS

  • Approximately 4 Years Remaining | Annual Rental Increases | S Main St (11,700 VPD) | Interstate 15 (301,700 VPD)
  • NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
  • North of Major Retailers | Salt Lake City International Airport | High Population Area
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

• Approximately 4 years remaining on initial term • Features annual 3% rental increases, steadily growing NOI and hedging against inflation • Located along S Main St, which averages 11,700 vehicles passing by daily and is the major retail thoroughfare serving the city of Salt Lake City • Positioned just east of Interstate 15 (301,700 VPD), a major north/south travelling highway connecting Salt Lake City to Las Vegas

FOR SALE DETAILS

PRICE

$2,243,000 USD

PRICE/SF

$297 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Hearth

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Service

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

1

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.18

LAND SF

7,840

ZONING

MU-8

APN/PARCEL ID

15-12-479-010-0000

ASK ABOUT THIS PROPERTY

Jack CornellSRS Real Estate PartnersMore Info
570-762-6075

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Jack CornellSRS Real Estate PartnersMore Info
570-762-6075

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