For Sale
$2,750,000

3225 Washington BlvdOgden, UT 84401

High-traffic retail center, strong tenant base.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional Ogden, Utah retail property at 3225 S Washington Blvd offers a compelling investment opportunity. The 16,890 square foot, single-story building sits on a 1.84-acre lot and features 85 parking spaces, ensuring ample customer convenience. Currently housing two tenants, including Dollar Tree occupying 10,000 square feet, the property boasts a 60% occupancy rate and a strong pro-forma NOI of $204,000, translating to a 7.42% pro-forma cap rate. The property benefits from a corporate guarantee on the tenant credit and a triple-net (NNN) lease structure. The lease terms include a remaining term of 2.9 years with one 5-year lease option remaining, providing potential for future rent increases. The building, renovated in 2012 and 2023, is zoned for commercial use and enjoys a prime location in a high-traffic area with easy access to major thoroughfares like Grant Avenue and Wall Avenue. The surrounding area demonstrates strong demographics, with over 3,500 households within a one-mile radius and a median household income of $53,311. This property presents a rare chance to acquire a well-positioned retail asset in a thriving Ogden community. The asking price is $2,750,000.

Highlights

  • 16,890 SF single-story retail building on a 1.84-acre lot in Ogden, Utah.
  • 85 parking spaces and a prime location with high traffic counts.
  • 60% occupancy with Dollar Tree (10,000 SF) as an anchor tenant; $204,000 pro-forma NOI and 7.42% pro-forma cap rate.
  • Corporate guaranteed NNN leases with 2.9 years remaining and one 5-year option.
  • Recently renovated (2012 & 2023) and zoned for commercial use; asking price: $2,750,000.

Property Details for 3225 Washington Blvd

Property type
Retail properties, Restaurants
Buildings
1
Stories
1
Lot Size (sq. ft)
80,150 SF

Location Insight

City
Ogden
County
Weber
State
Utah
Latitude
41.205446
Longitude
-111.9715319
3225 Washington Blvd, Ogden, Utah

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3225 Washington Blvd
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