876 Buena Vista BlvdWashington, UT 84780

Property Details for 876 Buena Vista Blvd

Year built

2025

Lot size

1.17 AC

Property size (Sq ft)

3,800 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

Exceptional investment opportunity featuring a brand-new, 3,800 square foot Panera Bread restaurant in Washington, Utah. This Class A, single-tenant net lease property boasts a 180-year lease commencing January 1, 2025, and expiring December 31, 2040. The franchisee, Desert Flour LLC, enjoys a strong 100% occupancy rate. The property sits on a 1.17-acre lot at 876 W Buena Vista Blvd, Washington, UT 84780, a highly visible corner location easily accessible from I-15 at Exit 10. The lease includes three 5-year renewal options, each with a 10% rent increase. The current annual net operating income (NOI) is $180,000, representing a 5.25% cap rate on the $3,428,571 asking price. The property is zoned C and benefits from strong surrounding demographics, including a population of 86,460 within a 5-mile radius and an average household income of $112,040. This development also includes a Maverik gas station and convenience store, a Quick Quack Car Wash, Cyprus Credit Union, and a Home 2 Suites hotel. The Panera Bread franchise averages $2,599,432 in annual sales. This is a ground lease with 15 years remaining until expiration on December 31, 2040. The property features one building, one story, and is part of the Buena Vista Commercial Development project.

Location Insight

City

Washington

County

Washington

State

Utah

Latitude

37.1305

Longitude

-113.524

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