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385 N Main St
Nephi, UT 84648
Dollar General Multi-Tenant Investment · Retail Property For Sale
Investment Highlights
- Dollar General Anchor Tenant
- Options to Renew
- Call or Email for more info
- 10% Increases in Option Periods
- Minimal Landlord Responsibilities
Executive Summary
Newmark Mountain West is proud to present the opportunity to acquire a Multi-Tenant opportunity in the Nephi trade area. Subject property is an 11,838 square foot freestanding building located on Main Street, a retail corridor surrounded by many heavily trafficked retailers. Dollar General recently renewed an additional 5-year lease, renewal term is set to expire 2027. Triple Net for the dollar general and double Net for the cages.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
11,920 SF
Building Class
C
Year Built/Renovated
1970/2006
Price
$2,046,918 CAD
Price Per SF
$171.72 CAD
Cap Rate
7%
NOI
$143,284 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
1.06 AC
Zoning
Commercial
Parking
54 Spaces (4.53 Spaces per 1,000 SF Leased)
Frontage
135’ on N Main St
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | XA00-0521 | Improvements Assessment | $1,099,495 CAD |
| Land Assessment | $410,752 CAD | Total Assessment | $1,510,247 CAD |
Property Taxes
Parcel Number
XA00-0521
Land Assessment
$410,752 CAD
Improvements Assessment
$1,099,495 CAD
Total Assessment
$1,510,247 CAD
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