For Sale
$1,500,000
1125 Midtown Xing Layton, UT 84041
Net Lease Investment; Strong Franchise Tenant
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 135
Highlights
- $1,500,000 asking price for a 2,538 sq ft Valvoline Auto Shop in Layton, UT.
- Net lease investment with a 5.00% cap rate and $75,000 annual NOI.
- NNN lease with a franchisee tenant, 100% occupancy starting February 1, 2024.
- 15-year ground lease expiring January 31, 2039, with 10% rent bumps every 5 years.
- Located on a 0.486-acre lot at 1125 Midtown Crossing, Layton, UT 84041, near Interstate 15, zoned C-H.
Property Details for 1125 Midtown Xing
- Property type
- Retail properties, Auto shops
- Square Feet
- 2,538 SF
- Year Built
- 2024
- Lot Size (sq. ft)
- 21,170 SF
Location Insight
- City
- Layton
- County
- Davis
- State
- Utah
- Latitude
- 41.0792602
- Longitude
- -111.9863637
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - Net Lease Investment; Strong Franchise Tenant
- Where is the retail property located?
- The property is located at 1125 Midtown Xing Layton, UT.
- What is the asking price?
- The asking price for this property is $1,500,000.
- What are key features of this property?
- This property features: $1,500,000 asking price for a 2,538 sq ft Valvoline Auto Shop in Layton, UT.; Net lease investment with a 5.00% cap rate and $75,000 annual NOI.; NNN lease with a franchisee tenant, 100% occupancy starting February 1, 2024.
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