For Sale
$1,986,000

1239 Canyon Rd South Weber, UT 84405

6,300 SF Retail Building, 6.5% Cap Rate

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional retail property in Ogden, Utah presents a compelling investment opportunity. The 6,300 square foot freestanding building, situated on approximately 0.99 acres (APN 13-056-0055), boasts a prime location at 1239 Canyon Road, representing the last corner commercial building before Ogden Canyon. Constructed in 1998 and extensively renovated in 2024 (including roof and flooring), the property is currently 100% occupied by a long-term tenant under a triple-net (NNN) lease. This seven-year lease, commencing December 1, 2024, and expiring November 30, 2031, includes two five-year renewal options and features a 3% annual rent increase. The tenant, Level Nine Sports, has a strong history at this location. The property's C-2/CP-2 zoning allows for versatile commercial uses. With a current net operating income (NOI) of $129,150 and an asking price of $1,986,000, this translates to a 6.5% capitalization rate. This is a truly turnkey investment with minimal landlord responsibilities, offering a stable and high-yielding return. The combination of a prime location, a strong local tenant, and a favorable lease structure makes this an irreplaceable investment opportunity.

Highlights

  • Established retail tenant.
  • Triple Net (NNN) lease; no landlord responsibilities.
  • Excellent location: last commercial building before Ogden Canyon.
  • Strong, long-term local tenant.
  • Seven-year lease term; commencement December 1, 2024; expiration November 30, 2031.
  • 3% annual rent increases.

Property Details for 1239 Canyon Rd

Property type
Retail properties
Square Feet
6,300 SF
Year Built/Renovated
1998/2024
Lot Size (sq. ft)
43,124 SF

Location Insight

City
South Weber
County
Weber
State
Utah
Latitude
41.1358137
Longitude
-111.9481847

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FAQs

What type of property is this?
Retail property - 6,300 SF Retail Building, 6.5% Cap Rate
Where is the retail property located?
The property is located at 1239 Canyon Rd South Weber, UT.
What is the asking price?
The asking price for this property is $1,986,000.
What are key features of this property?
This property features: Established retail tenant.; Triple Net (NNN) lease; no landlord responsibilities.; Excellent location: last commercial building before Ogden Canyon.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Contacts

Nicholas Aldini
Nicholas Aldini
Visit Broker Website

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Useful Information

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Canyon Rd
South Weber, UT 84405

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Canyon Rd
South Weber, UT 84405

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

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1239 Canyon Rd
  • Nicholas Aldini
    Nicholas Aldini
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