590 N Main St - Manufacturing FOR SALE


Leeds, UT 84746
$2,600,000 USD
801-712-7787
590 N Main St, Leeds, UT for Sale
$2,600,000 USD
Manufacturing - FOR SALE
1/43
null | 6.46% Cap Rate

590 N Main St
Leeds, UT 84746


HIGHLIGHTS

  • ±7,876 SF purpose-built food production facility
  • 0.57-acre parcel with excellent street frontage and accessibility
  • Designed for artisan baking, food manufacturing, or commissary kitchen
  • Well-maintained and operational, with infrastructure suited for production-scale output
  • Long term lease with Savory Foods
  • Gross rental income increase of 33.10% over the lease term

OVERVIEW

RARE OPPORTUNITY TO PURCHASE THIS INVESTMENT This is a rare opportunity to purchase this fully leased bakery that is its own piece of culinary legacy in the Southern Utah Area. It was established in 2021 by industry veterans with ties to Michelin-starred kitchens and top Las Vegas restaurants. Bonrue is not just a typical tenant but a culinary legacy. Since opening in 2021 they now have three locations that are very successful in Washington County. This stable tenant provides the investor the luxury of enjoying the secure cash-flow from the project but not taking on the upfront risk of leasing and development. STRONG TENANCY This property is 100% occupied with a ten (10) year lease. Originally launched as “Farmstead” and later rebranded as Bonrue Bakery with three location in Southern Utah. The facility is a restaurant commissary providing all the baked goods that are delivered to the Bonrue Bakeries.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$306 USD /SF

CAP RATE

6.46%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

UTILITIES

Water - City

CLEAR CEILING HT

-

DOCKS

1

DRIVE INS

2

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57

LAND SF

24,829

ZONING

C

APN/PARCEL ID

0621840

ASK ABOUT THIS PROPERTY

Troy ScheelMountain West CommercialMore Info
801-712-7787

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Troy ScheelMountain West CommercialMore Info
801-712-7787

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