1085 12Th StMarriott-Slaterville, UT 84404

Property Details for 1085 12Th St

Year built

2023

Lot size

0.62 AC

Property size (Sq ft)

703 SF

Property type

Drive through restaurants

APN

12-233-0001

APU

122330001

Description

This exceptional investment opportunity presents a 678 sq ft Scooter's Coffee, built in 2023, situated on a 26,974 sq ft lot in Marriott-Slaterville, Utah (84404). The property boasts a prime location on a main arterial road with high visibility and traffic volume exceeding 40,000 vehicles per day. This single-tenant, absolute NNN ground lease features a strong franchisee tenant with a personal guarantee. The 10-year lease commenced June 1, 2023, and includes 10% rent bumps every five years, ensuring consistent income growth. The property is part of a thriving retail center, neighboring established businesses such as Burly Burger, State Farm, and Take 5 Car Wash, and is conveniently located near a major employer (Ogden IRS campus) and other retail giants including Winco Foods, Ross Dress for Less, and Home Depot. The asking price is $1,045,870, representing a 5.45% cap rate and significant value below estimated replacement costs. The property includes 6 parking spaces and is zoned C-2p. This is a rare opportunity to acquire a high-performing, low-maintenance asset in a strong growth market. The property's strong location, established tenant, and favorable lease terms make it an ideal addition to any investment portfolio. The building is a single-story structure. APN: 12-233-0001.

• CAP approach

  CAP return

  Valuation

  6%

  $272,977

  6.5%

  $251,979

  7%

  $233,980

• Comparable approach

  Method

  Valuation

  Relative Method

  $354,932

  Geo Method

  $354,932

• Alternative Use

  Use

  Valuation

  Residential

  $212,553

  Hospitality

  $194,698

  Educational

  $161,986

  Medical

  $167,557

  Retail

  $251,979

Location Insight

City

Marriott Slaterville

County

Weber

State

Utah

Latitude

41.2442

Longitude

-112.006

CBSA code

36260

CBSA name

OGDEN-CLEARFIELD, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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