130 10600Sandy, UT 84070

Property Details for 130 10600

Year built

2016

Property size (Sq ft)

2,350 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a fee-simple ownership of two buildings totaling 2,350 square feet, situated on a signalized hard corner with a drive-thru. Located in Sandy, Utah, at 130 10600 S, 84070, this property boasts a 100% occupancy rate with two market-leading tenants: Starbucks and Potbelly. Built in 2016, the property offers a strong net operating income (NOI) of $271,574, resulting in a 6.00% cap rate. The asking price is $4,526,233, translating to $1,926.06 per square foot. This prime retail location benefits from its position as an outparcel to The Shops at South Town, Utah's largest shopping mall (1.3 million square feet), within a dense retail corridor and adjacent to major thoroughfares including I-15 and State Street. The property enjoys high visibility due to its signalized hard corner location and benefits from approximately 53,602 vehicles passing daily. Tenants enjoy a triple-net (NN) lease structure with 10% rent bumps in each option period. This is a rare opportunity to acquire a high-performing, multi-tenant retail property with exceptional long-term growth potential in a premier location. The investment-grade credit of Starbucks (BBB+ S&P) further enhances the stability and attractiveness of this offering.

Location Insight

City

Sandy

County

Salt Lake

State

Utah

Latitude

40.5593

Longitude

-111.894

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].