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Off Market
1/26

8979 W Magna Main St
Magna, UT 84044


HIGHLIGHTS

  • Located within an opportunity zone.

OVERVIEW

*QUIET SALE/NO SIGN ON PROPERTY! DO NOT DISTURB occupants for any reason, please.* Package Sale - Leased multi-tenant retail building investment and The Filling Station bar business for sale. Real estate must be purchased with the bar business. Bar business can be purchased individually without the real estate. Pricing breakdown: Bar business - $200,000 with a CAP Rate of 9.3% | Real Estate - $1,276,320 with a CAP Rate of 6% | Total Combined Price - $1,476,320 with a combined CAP Rate of 6.4%. The existing tenants include Cattleman's Burger Co. and The Filling Station. There is currently a 9.5-year remaining lease for The Filling Station bar and a 4+ year remaining lease for Cattleman’s Burger Co. Both tenants have renewal options. The subject property consists of 11,758 SF and the two tenants’ units are as follows: The Filling Station – 6,048.78 SF | Cattleman’s Burger Co. 2,000 SF | Basement SF – 3,709.22 SF is located under Cattleman Burger Co. unit but is usable and unleased to either tenant. Additional 2,304 SF crawl space with approximate 5 feet head clearance under The Filling Station which is not included in the total building square footage. Located within an opportunity zone. The property is located off downtown historic Magna Main St. Nearby tenants include Burger King, TransWest Credit Union, 7-Eleven, Holiday Gas, Sinclair, and more. Magna, UT is a metro township in Salt Lake City, UT. Request/See attached offering memorandums. The information provided is a courtesy but all details and information should be verified by the buyer.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

11758

STORIES

2

YEAR BUILT

1917

SPRINKLERS

-

PARKING SPACES

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LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

14-30-226-003-0000