2255 N 1200 W - Retail FOR SALE


Lehi, UT 84043- Silicon Slopes
$3,142,857 USD
801-201-9097
2255 N 1200 W, Lehi, UT for Sale
$3,142,857 USD
Retail - FOR SALE
1/1
null | 5.25% Cap Rate

2255 N 1200 W
Lehi, UT 84043
Silicon Slopes


HIGHLIGHTS

  • 10-year NNN Lease
  • Increases every 5 years in Primary & Options
  • Options to Renew
  • Corporate Guaranteed
  • Email for more details!

OVERVIEW

Newmark Mountain West is proud to present the opportunity to acquire the fee simple interest in this newly constructed single tenant Starbuck’s asset located in Lehi, UT community. The property is 100% leased to Starbuck’s Corporation (S&P BBB+) on a brand new 10-year lease with rent increases every five (5) years including the four 5-year option periods. The property is well positioned on a signalized corner of Powell Way and 8800 W which is the dominant corridor in the Lehi trade area.

FOR SALE DETAILS

PRICE

$3,142,857 USD

PRICE/SF

$1,389 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks STNL Investment @ Lehi Block

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,541 SF

ZONING

C -Commercial

APN/PARCEL ID

45:703:0007

ASK ABOUT THIS PROPERTY

Joe CooleyMountain West RetailMore Info
801-201-9097

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Joe CooleyMountain West RetailMore Info
801-201-9097

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