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1282-1328 N Highway 89
Farmington, UT 84025
Farmington Shopping Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 100% Occupied | In-Line Shops Attached to Grocery Smith’s |E-Commerce Resistant Tenant Line-Up | Below Market Rent
- Strong Demographics In 5-Mile Trade Area | Affluent 6-figure AHHI
- Located Along State Highway 89 (38,100 VPD)
EXECUTIVE SUMMARY
• 100% occupied, generating steady cash flow for a new owner
• Ideal e-commerce tenant line-up with service and food concept tenants
• The property is an in-line shops to a grocery shadow-anchor Smith’s, which attracts a significant number of customers to the site
• Tenants are currently paying far below market rents in Davis County
• Ideal e-commerce tenant line-up with service and food concept tenants
• The property is an in-line shops to a grocery shadow-anchor Smith’s, which attracts a significant number of customers to the site
• Tenants are currently paying far below market rents in Davis County
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
11,487 SF
Building Class
B
Year Built
1988
Price
$2,812,980 CAD
Price Per SF
$244.88 CAD
Cap Rate
7%
NOI
$196,881 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
5 Exterior
Building FAR
0.51
Lot Size
0.52 AC
Zoning
C - Commercial
Parking
28 Spaces (2.44 Spaces per 1,000 SF Leased)
AMENITIES
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $11,569,363 CAD | |
| Land Assessment | $5,687,536 CAD | Total Assessment | $17,256,899 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$5,687,536 CAD
Improvements Assessment
$11,569,363 CAD
Total Assessment
$17,256,899 CAD
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