This single-tenant retail property offers a stable investment opportunity in Marriott-Slaterville, Utah. The building, constructed in 2011, spans 2,016 square feet on a 0.40-acre lot and features a drive-thru, enhancing its operational appeal for quick-service dining. The property is currently leased to GriDeli’s, a well-established local restaurant brand, under a long-term lease expiring in May 2031. The lease includes scheduled rent increases, providing predictable income growth for investors.
Located near major transportation routes, including I-15 and Highway 89, the site benefits from strong visibility and accessibility. The surrounding area hosts a dense mix of national retailers, restaurants, and service providers, creating a robust commercial environment. With a CAP rate of 5.75% and a sales price of $880,000, this asset offers an attractive balance of income stability and long-term value in a growing market.
Property Information
• Parcel# 156050001
• Lot Size: 0.40 Acres
• Year Built: 2011
• Building Size: 2016 SF
• Drive-Thru
• Current Tenant: GriDeli’s
• Tenant Lease Exp: May 2031
• CAP Rate: 5.75
Available: 2,016 SF
Sales Price: $880,000.00