For Sale
$3,657,000

1290 Main StLayton, UT 84041

High-Yield NNN Lease Investment, Utah

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a brand-new, 4,000 square foot Banfield Pet Hospital located at 1290 N Main St, Layton, UT 84041, in Davis County. The property boasts a Class A designation, built in 2024, and sits on a 0.461-acre lot. This single-story building is currently 100% occupied under a 10-year NNN lease (9.5 years remaining) with a corporate guarantee, providing exceptional stability and predictable cash flow. The asking price is $3,657,000, representing a compelling 5.25% cap rate. The investment type is categorized as stabilized, reflecting the long-term lease and strong tenant. This storefront property offers a secure and lucrative investment opportunity in a thriving Utah market. The property's location in Layton, Utah, ensures high visibility and accessibility for the established Banfield Pet Hospital tenant. The NNN lease structure shifts most operating expenses to the tenant, minimizing the investor's responsibilities and maximizing returns. This is a rare chance to acquire a high-quality, low-risk commercial property with a strong tenant and a significant remaining lease term. The corporate guarantee further mitigates risk, making this an attractive option for investors seeking a stable and profitable addition to their portfolio. The property's modern construction and prime location contribute to its long-term value and potential for appreciation.

Property Details for 1290 Main St

Property type
Retail properties, Retail space
Square Feet
4,000 SF
Class
A
Year Built
2024
Buildings
1
Stories
1

Location Insight

City
Layton
County
Davis
State
Utah
Latitude
41.0789662
Longitude
-111.9866809
1290 Main St, Layton, Utah

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1290 Main St
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