4292 13400Riverton, UT 84096

  • Retail properties
  • 4,040 SF
For Sale
$3,365,000 View listing

Property Details for 4292 13400

Year built
2023
Lot size
0.72 AC
Property size (Sq ft)
4,040 SF
Property type
Retail properties
Property subtype
Other retail properties

Description

This exceptional investment opportunity presents a newly constructed, 4,040 square foot US Bank branch located in the thriving Mountain View Village in Riverton, Utah. The property boasts a 10-year absolute NNN ground lease with a credit-rated tenant, ensuring minimal landlord responsibilities. The building, completed in 2023, features a drive-thru and benefits from high visibility on 13400 South Street, a major thoroughfare with significant daily traffic volume. Situated within a rapidly expanding mixed-use development encompassing 85 acres and part of a larger 600-acre master plan, this location offers exceptional access and exposure. The property's strong demographics, with a high average household income within a 5-mile radius, and the ongoing development of the surrounding area, including a future Trax Line transit extension, contribute to its long-term investment potential. The 0.72-acre lot provides ample space, and the property's strong NOI of $175,000 and 5.20% cap rate make it an attractive investment. The lease includes 10% rent increases with each option period, further enhancing the return on investment. This single-tenant, Class A retail property offers a secure and stable investment opportunity in a high-growth market. The property is zoned for commercial use and has a parcel number of 273-145-200-600-00. The asking price is $3,365,000.

4292 13400, Riverton, Utah

Location Insight

City
Riverton
County
Salt Lake
State
Utah
Latitude
40.5081
Longitude
-111.996

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