For Sale
$895,000

2577 Highway 162Eden, UT 84310

Fee-simple USPS retail investment.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fee-simple ownership of a 2,277 square foot retail building currently leased to the United States Postal Service (USPS) in Eden, Utah. Located at 2577 N Hwy 162, this property boasts a 100% occupancy rate with a lease expiring June 30, 2029. The asking price is $895,000, representing a 3.97% cap rate and a price per square foot of $393.06. The property sits on a 0.76-acre lot and includes 34 parking spaces. Built in 1989, the building is zoned for general commercial use and offers a net lease structure with limited landlord responsibilities, primarily encompassing roof and structural maintenance. This makes it an ideal low-management investment. The property benefits from a high-traffic location along State Highway 162, averaging 5,300 vehicles per day, and enjoys proximity to Powder Mountain Ski Resort, attracting over one million skiers annually. The strong demographics of the 5-mile trade area, featuring over 6,000 residents, 1,000 employees, and an average household income exceeding $156,621, further enhance the investment potential. The property's APN is 22-046-0068. The current NOI is $35,500. While the current tenant is USPS, the zoning allows for potential alternative uses, such as a quick-service restaurant.

Highlights

  • Five-year lease remaining.
  • Net lease; fee simple ownership; minimal landlord responsibilities.
  • High-traffic location on State Hwy 162 (5,300 vehicles per day) near Powder Mountain.
  • Strong demographics within a 5-mile radius, including high household incomes.

Property Details for 2577 Highway 162

Property type
Retail properties, Post offices
Square Feet
2,277 SF
Year Built
1989
Lot Size (sq. ft)
33,106 SF

Location Insight

City
Eden
County
Weber
State
Utah
Latitude
41.3054467
Longitude
-111.8281032
2577 Highway 162, Eden, Utah

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2577 Highway 162
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