For Sale
$1,500,000

1125 Midtown XingLayton, UT 84041

Net Lease Investment; Strong Franchise Tenant

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a newly constructed (2024), 2,538 square foot Valvoline oil change facility in Layton, Utah. Located at 1125 Midtown Crossing, this property boasts a prime location near Interstate 15, ensuring high visibility and accessibility. The property is situated on a 0.486-acre lot and is zoned C-H. Currently operating under a 15-year ground lease (expiring January 31, 2039) with a strong franchisee tenant, this Net Lease (NNN) investment offers a stable and secure income stream. The lease commenced February 1, 2024, with a current annual net operating income (NOI) of $75,000, representing a 5.00% cap rate and a price per square foot of $591.02. The asking price is $1,500,000. Rent increases are built in, with a 10% bump every five years, providing consistent growth potential. This low-maintenance asset is ideal for investors seeking a reliable and profitable investment with a well-established national brand tenant. The property offers 100% occupancy.

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
1125 Midtown Xing, Layton, Utah

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1125 Midtown Xing
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