For Sale
$1,045,870

1085 12Th St Marriott-Slaterville, UT 84404

High-yield, NNN ground lease, Utah

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a 678 sq ft Scooter's Coffee, built in 2023, situated on a 26,974 sq ft lot in Marriott-Slaterville, Utah (84404). The property boasts a prime location on a main arterial road with high visibility and traffic volume exceeding 40,000 vehicles per day. This single-tenant, absolute NNN ground lease features a strong franchisee tenant with a personal guarantee. The 10-year lease commenced June 1, 2023, and includes 10% rent bumps every five years, ensuring consistent income growth. The property is part of a thriving retail center, neighboring established businesses such as Burly Burger, State Farm, and Take 5 Car Wash, and is conveniently located near a major employer (Ogden IRS campus) and other retail giants including Winco Foods, Ross Dress for Less, and Home Depot. The asking price is $1,045,870, representing a 5.45% cap rate and significant value below estimated replacement costs. The property includes 6 parking spaces and is zoned C-2p. This is a rare opportunity to acquire a high-performing, low-maintenance asset in a strong growth market. The property's strong location, established tenant, and favorable lease terms make it an ideal addition to any investment portfolio. The building is a single-story structure. APN: 12-233-0001.

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

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.
How can I contact the broker?
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1085 12Th St
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