201 Center StProvo, UT 84601

This exceptional investment opportunity presents a two-tenant, 11,991 square foot retail property located at 201 W Center Street in Provo, Utah. The property, built in 1960 and situated on a 0.16-acre lot (APN 04:059:0023), features two buildings with two stories and is zoned DT1. Currently, the property boasts a 76.65% occupancy rate, generating a Net Operating Income (NOI) of $131,388, with a projected pro-forma NOI of $164,988 and a pro-forma cap rate of 5.16%. The asking price is $3,200,000, translating to a price per square foot of $266.87. The property is under a triple-net (NNN) lease with a remaining term of 3 years (until April 31, 2026), with a current monthly rent of $10,949. The property's prime location on a high-traffic street in downtown Provo offers significant value-add potential. The existing tenant, a well-established Mexican restaurant operating since 1978, occupies a substantial portion of the space. All information should be independently verified.