For Sale
$1,310,000

1819 Highway 40 Vernal, UT 84078

High-yield Pizza Hut NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a single-tenant, absolute NNN leased Pizza Hut property located in Vernal, Utah. Situated on a Walmart Supercenter outparcel at 1819 W Hwy 40, Vernal, UT 84078, this 3,185 square foot building boasts a strong 100% occupancy rate with a remaining lease term of 14.7 years. The property benefits from annual rent increases of 1.50%, ensuring consistent income growth. The current asking price is $1,310,000, translating to a price per square foot of $411.30 and a compelling 6.00% cap rate. The Net Operating Income (NOI) stands at $78,637. This is a one-story building categorized as QSR/Fast Food and Restaurant retail. The investment type is Net Lease, offering a passive income stream with minimal management responsibilities. The property's strategic location on a busy Walmart outparcel guarantees high visibility and consistent customer traffic. This is an ideal opportunity for investors seeking a stable, long-term, and high-return investment in a thriving retail market. The property is classified as a single-tenant investment with a strong national brand tenant.

Highlights

  • Walmart Supercenter Outparcel opportunity.
  • 14.7 years remaining on the lease.

Property Details for 1819 Highway 40

Property type
Retail properties, Restaurants
Square Feet
3,185 SF
Buildings
1
Stories
1

Location Insight

City
Vernal
County
Uintah
State
Utah
Latitude
40.4399714
Longitude
-109.5634802

FAQs

What type of property is this?
Retail property - High-yield Pizza Hut NNN lease.
Where is the retail property located?
The property is located at 1819 Highway 40 Vernal, UT.
What is the asking price?
The asking price for this property is $1,310,000.
What are key features of this property?
This property features: Walmart Supercenter Outparcel opportunity.; 14.7 years remaining on the lease.;
How can I contact the broker?
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1819 Highway 40
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