1085 12Th St Marriott-Slaterville, UT 84404
High-yield, NNN ground lease, Utah
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 137
Highlights
- 2023-built Scooter's Coffee on a 10-year absolute NNN ground lease commencing June 1, 2023.
- Lease includes 10% rent increases every five years.
- Significant value below replacement cost; purchase price is $450,000-$550,000 below estimated $1.5M-$1.6M replacement cost.
- Strong tenant: Scooter's Coffee, a rapidly growing brand with over 815 locations, ranked #2 on Yelp's 2024 Top 50 Growing Brands list.
- Excellent location: high-traffic arterial road (40,000+ VPD), near Ogden IRS campus (5,000+ employees), and major retailers (Winco, Ross, Home Depot). Strong demographics (159,000+ people within 5 miles, $89,000+ average household income).
- Lease includes a personal guarantee from the franchisee.
Property Details for 1085 12Th St
- Property type
- Retail properties
- Year Built
- 2023
- Buildings
- 1
- Stories
- 1
Location Insight
- City
- Marriott-Slaterville
- County
- Weber
- State
- Utah
- Latitude
- 41.244568515352
- Longitude
- -112.00612356429
Nearby Comparable
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-yield, NNN ground lease, Utah
- Where is the retail property located?
- The property is located at 1085 12Th St Marriott-Slaterville, UT.
- What is the asking price?
- The asking price for this property is $1,045,870.
- What are key features of this property?
- This property features: 2023-built Scooter's Coffee on a 10-year absolute NNN ground lease commencing June 1, 2023.; Lease includes 10% rent increases every five years.; Significant value below replacement cost; purchase price is $450,000-$550,000 below estimated $1.5M-$1.6M replacement cost.
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