1972 E 700 S - Service Station FOR SALE


Clearfield, UT 84015
$6,750,000 USD
570-762-6075
1972 E 700 S, Clearfield, UT for Sale
$6,750,000 USD
Service Station - FOR SALE
1/6
null | 6.3% Cap Rate

1972 E 700 S
Clearfield, UT 84015


HIGHLIGHTS

  • 15 Years Remaining | Options To Extend | Scheduled Increases
  • NNN | Fee Simple Ownership | Limited Landlord Responsibilities
  • Near On/Off Ramps of I-15 (114,200 VPD) | Hill Air Force Base | Signalized, Hard Corner Intersection (Combined 38,900 VPD)
  • Strong Demographics In 5-Mile Trade Area | Salt Lake City MSA |Direct Consumer Base

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in premier, long term NNN, Sinclair Gas Station investment property located in Clearfield, Utah. The tenant, Clearfield Sinclair Operating, LLC, has approximately 15 years remaining on its lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases in years 8, 11, and 16 throughout the remainder of the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with minimal landlord responsibilities making it an ideal, low management investment opportunity for a passive investor. The Sinclair brand is a highly reputable brand in the energy business with over 1,600 stations.

FOR SALE DETAILS

PRICE

$6,750,000 USD

PRICE/SF

$1,393 USD /SF

CAP RATE

6.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sinclair | 15yr NNN w/ Increases

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

1.48 AC

LAND SF

64,469 SF

ZONING

C-2

APN/PARCEL ID

09-419-0101

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.