22 State St Salina, UT 84654

This exceptional investment opportunity presents a freestanding Family Dollar store located at 22 S State St, Salina, UT 84654. The property boasts 8,265 square feet on a 0.68-acre lot, built in 2014. Currently operating under a Net Lease (NN) agreement with a corporate guarantee, the tenant has recently exercised their first renewal option, extending the lease through May 31, 2029. This provides a remaining lease term of approximately 4.5 years. The initial 10-year lease commenced April 3, 2014. The annual net operating income (NOI) is $123,200, reflecting a 7.75% cap rate based on the asking price of $1,589,677 ($192.34 per square foot). The lease includes five, five-year renewal options with a 10% rent increase in each. This translates to significant long-term growth potential. The property's 100% occupancy and strong tenant history make it an attractive investment for those seeking stable, high-return retail assets. The location in Salina, Utah, within Sevier County, offers a strategic position within the local market. This is a turnkey investment opportunity with a proven track record and substantial future upside.