2324 S Redwood Rd - Restaurant FOR SALE


Salt Lake City, UT 84119
$1,000,000 USD
801-897-9264
2324 S Redwood Rd, Salt Lake City, UT for Sale
$1,000,000 USD
Restaurant - FOR SALE
1/12
null | 6.13% Cap Rate

2324 S Redwood Rd
Salt Lake City, UT 84119


HIGHLIGHTS

  • Prime West Valley Location Surrounded by Retailers and Industrial Users.
  • Excellent Exposure from Redwood Road & Easy Freeway Access.
  • 30+ Parking Stalls Available. Owners Have a Clean Phase I.

OVERVIEW

Investment Details: Purchase Price: $1,000,000.00 Cap Rate: 6% Tenant: Express Dry Cleaners Annual Rents: $72,000.00 Lease Term: Three (3) Years Rent Increases: 4% Annually Options: One (1) Five (5) Year Option To Renew At FMV Tenant Has Operated At This Location For 10 Years Express Cleaners, LLC Has Been In Business For 66 Years With 3 Locations On The Wasatch Front Property Information: 3,421 SF Retail With Drive-Thru 0.46 Acres Great Visibility On Redwood Road Zoned: C2 Ample Parking: 30+ Parking Stalls Clean Phase 1 Multi-Tenant Possibility Drive-Thru Capabilities 750 SF Lease Back Option Tenant Payment: $2,000.00 Per Month

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$292 USD /SF

CAP RATE

6.13%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

C-2

APN/PARCEL ID

15-22-177-007-0000

ASK ABOUT THIS PROPERTY

Derek KlopferCRE SpecialistsMore Info
801-897-9264

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Derek KlopferCRE SpecialistsMore Info
801-897-9264

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