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668 S 500 E 7,431 SF Retail Building American Fork, UT 84003 $3,041,500 CAD ($409.30 CAD/SF) 4.56% Cap Rate
INVESTMENT HIGHLIGHTS
- This is an investment opportunity.
- This is an excelled building, location and tent ant in place to enjoy long term investment. The tenant does want to be in this building long term.
EXECUTIVE SUMMARY
This property and Building is a perfect 1031 Exchange or straight purchase. The current tenant is in his sixth year or a 20 year rental agreement. The rent is 100,300.00 this year with 3% increase every year in September, The lease type is a NNN, The tenant is very strong financially has multiple automotive repair facilities. The location is right off the freeway in north Utah County. The building has 7 working bays. Please do not contact the tenant.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Auto Repair
Building Size
7,431 SF
Building Class
C
Year Built/Renovated
2005/2017
Price
$3,041,500 CAD
Price Per SF
$409.30 CAD
Cap Rate
4.56%
NOI
$138,665 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.16 AC
Opportunity Zone
Yes
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 41-595-0003 | Improvements Assessment | $800,037 CAD |
| Land Assessment | $1,573,406 CAD | Total Assessment | $2,373,443 CAD |
PROPERTY TAXES
Parcel Number
41-595-0003
Land Assessment
$1,573,406 CAD
Improvements Assessment
$800,037 CAD
Total Assessment
$2,373,443 CAD
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Presented by
MCL Holdings LLC
668 S 500 E
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