4292 13400Riverton, UT 84096

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

Banks

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.

Location Insight

City

Riverton

County

Salt Lake

State

Utah

Latitude

40.5081

Longitude

-111.996

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