1819 Highway 40Vernal, UT 84078

Property Details for 1819 Highway 40

Property size (Sq ft)

3,185 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Vernal

County

Uintah

State

Utah

Latitude

40.44

Longitude

-109.563

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].