3225 Washington BlvdOgden, UT 84401

Property Details for 3225 Washington Blvd

Lot size

1.84 AC

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional Ogden, Utah retail property at 3225 S Washington Blvd offers a compelling investment opportunity. The 16,890 square foot, single-story building sits on a 1.84-acre lot and features 85 parking spaces, ensuring ample customer convenience. Currently housing two tenants, including Dollar Tree occupying 10,000 square feet, the property boasts a 60% occupancy rate and a strong pro-forma NOI of $204,000, translating to a 7.42% pro-forma cap rate. The property benefits from a corporate guarantee on the tenant credit and a triple-net (NNN) lease structure. The lease terms include a remaining term of 2.9 years with one 5-year lease option remaining, providing potential for future rent increases. The building, renovated in 2012 and 2023, is zoned for commercial use and enjoys a prime location in a high-traffic area with easy access to major thoroughfares like Grant Avenue and Wall Avenue. The surrounding area demonstrates strong demographics, with over 3,500 households within a one-mile radius and a median household income of $53,311. This property presents a rare chance to acquire a well-positioned retail asset in a thriving Ogden community. The asking price is $2,750,000.

Location Insight

City

Ogden

County

Weber

State

Utah

Latitude

41.2054

Longitude

-111.972

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