Two-Building Commercial Portfolio Retail FOR SALE


Spanish Fork, UT
$1,275,000 USD
801-360-8800
, Spanish Fork, UT for Sale
$1,275,000 USD
Retail - FOR SALE
1/22
null | 6.99% Cap Rate

Two-Building Commercial Portfolio
Spanish Fork, UT


HIGHLIGHTS

  • ±4,094 SF total
  • Investment or owner-user potential
  • New exterior improvements
  • 6.99% Cap Rate
  • $7,425/month guaranteed income
  • Prime location with excellent visibility

OVERVIEW

This offering includes two commercial buildings totaling 4,094 square feet, situated on a single parcel and zoned for commercial use. The property is listed at $1,275,000. The first building is 1,075 SF and is leased to SIP-N Drinks & Treats, a popular beverage and treat franchise, which pays $3,900 per month on a triple-net basis. SIP-N will be signing a new 10-year lease extension with two additional 5-year renewal options, backed by a corporate guaranty, providing stable, long-term income from an established operator. The second building is 3,019 SF and is now fully leased, with an esthetician occupying the main floor at $2,550/month plus $100 in CAM, and a piercing studio leasing half of the second floor at $925/month plus $50 in CAM. The second building recently underwent a full interior buildout on both floors, including new flooring, paint, built-out private rooms, baseboards, lighting, electrical, and HVAC improvements. The property generates a combined Net Operating Income of $89,100, offering a 6.99% cap rate, with additional site upgrades including new curb, gutter, and fresh asphalt.

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Collin CookWyngate Properties, Inc.More Info
801-360-8800

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Collin CookWyngate Properties, Inc.More Info
801-360-8800

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