Two-Building Commercial Portfolio Retail FOR SALE


Spanish Fork, UT
$1,550,000 USD
801-360-8800
, Spanish Fork, UT for Sale
$1,550,000 USD
Retail - FOR SALE
1/29
null | 7.02% Cap Rate

Two-Building Commercial Portfolio
Spanish Fork, UT


HIGHLIGHTS

  • ±4,094 SF total
  • Investment or owner-user potential
  • New interior & exterior improvements
  • 8.53% Cap Rate
  • $9,054.75/month guaranteed gross income
  • Prime location with excellent visibility

OVERVIEW

This offering includes two commercial buildings totaling 4,094 SF on a single commercially zoned parcel. Listed at $1,550,000, the property generates approximately $108,757.50 NOI, reflecting an 7.02% cap rate. The first building (1,075 SF) is leased to SIP-N Drinks & Treats, a popular beverage and treat franchise, with a new 10-year lease extension and additional 5-year renewal options. The second building (3,019 SF) is fully leased, with Golden Oaks Esthetics on the main floor and Odessa Hair Company on the second floor, both on newly signed 5-year leases. The building also features a complete interior buildout, including flooring, paint, private rooms, baseboards, lighting, electrical, and HVAC improvements. Additional site upgrades include new curb and gutter and fresh asphalt, making this a turnkey investment with stable tenancy and minimal ownership responsibilities.

ASK ABOUT THIS PROPERTY

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 Notice.