For Sale
$5,554,967

448 Pleasant View Dr Ogden, UT 84414

High-yield auto shop, 20+ year lease.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional Class A, 9,473 square foot auto shop in Ogden, Utah presents a compelling investment opportunity. Located at 448 W Pleasant View Dr, 84414, this single-tenant property boasts a strong 5.00% cap rate and a substantial net operating income (NOI) of $277,748. The property is 100% occupied by Burt Brothers under a NNN lease with a remaining term of 20.4 years, commencing January 1, 2025, and expiring March 31, 2045. The lease includes two 5-year renewal options and features annual rent bumps of 2%. Built in 2025, this one-story building sits on commercially zoned land. The property's strong tenant, long-term lease, and attractive financial metrics make it an ideal addition to any diversified portfolio. This stabilized investment offers significant long-term value and predictable cash flow. The property is situated in a thriving commercial area of Weber County, ensuring continued growth potential. The building's single-tenant occupancy minimizes management complexities, providing a streamlined investment experience. This is a rare opportunity to acquire a high-quality, income-producing asset in a desirable location.

Property Details for 448 Pleasant View Dr

Property type
Retail properties, Industrial properties
Square Feet
9,473 SF
Class
A
Year Built
2025
Buildings
1
Stories
1
Units
1

Location Insight

City
Ogden
County
Weber
State
Utah
Latitude
41.305737178752
Longitude
-111.98782094348

FAQs

What type of property is this?
Retail property - High-yield auto shop, 20+ year lease.
Where is the retail property located?
The property is located at 448 Pleasant View Dr Ogden, UT.
What is the asking price?
The asking price for this property is $5,554,967.
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.
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448 Pleasant View Dr
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