Positioned in the heart of Salt Lake City, this fully occupied NNN retail asset presents a rare opportunity for investors seeking dependable, long-term cash flow.
This asset is a 6,500 square foot property divided into two spaces dedicated to retail and industrial. Anchored by two stable and long-term tenants, Palace Development and Salt City Sanctuary, both secured by strong NNN leases that offer reliable income and minimal landlord responsibilities. Palace Development, a seasoned operator with over 30 years of experience, plans to execute a five-year sale leaseback, ensuring continued occupancy and guaranteed rental income. The facility is purpose built for high volume e commerce logistics and serves as a key hub for 3PLs, DTC brands, and fulfillment operations, strategically positioned near major transit corridors. Salt City Sanctuary provides wellness and religious services under Section 508(c)(1)(A), supporting consistent use and community engagement. This is a turnkey cash flowing asset with dependable tenants, ideal for investors seeking passive income and long-term value.
Located just five miles from Salt Lake City's thriving downtown, South Salt Lake is a high traffic and rapidly growing area with strong commuter activity and rising demand for retail services. Positioned near Interstate 15 and surrounded by a wide range of dining, shopping, and entertainment options, including the region’s own Chinatown, this location benefits from excellent visibility and accessibility. With convenient public transportation and lower residential costs than downtown, the area continues to attract new residents and businesses, making it an ideal setting for investors.