Property Facts Property Features Schools 274 days on UtahRealEstate.com

Property Facts

Days on URE 274
Status UNDER CONTRACT
MLS# 1872625
Property Type Retail
Year Built 1963

Turn Key 7.7% TRUE CAP RATE investment opportunity! This is your chance to buy a great investment property and a piece of history in one of the fastest growing areas of Utah. This is an iconic building on Grantsville main street with tons of history that has been restored and upgraded to modern standards. Single Tenant, Stand alone restaurant building with Triple Net Lease. Great local operators who are well immersed in the community and heavily vested in the improvements of the real estate. Multiple six figure, fully permitted remodel of entire building and site was finished in 2022. Updates included all major aspects of the utilities, new electrical, plumbing, HVAC, upgraded framing, insulation, windows, doors, a newly built addition to include walk in refrigeration, and newly poured cement and parking areas. Could be great for a 1031 exchange or simply a turn key investment for someone looking for steady cashflow. This listing is for the REAL ESTATE ONLY. DO NOT DISTURB TENANTS. 2975 sq ft Main Floor with 1753 sq ft currently unused/storage in the basement. Square footage figures are provided as a courtesy estimate only and were obtained from County Records . Buyer is advised to obtain an independent measurement. OWNER AGENT

Misc. Overview

Sub-Lease
No
Construction Status
Blt./Standing
Business For Sale
No
Business Only, No Real Estate
No
Business Name
The Outpost

Property Features

Parking

  • Number of stalls: 24
  • Stalls / Month$: 24 /

Property / Building Info

  • Acres: 0.34

Investment

  • Net Operating Income (NOI): $44,400
  • Expenses: $1
  • Cap Rate (NOI/Price): 6.8 %

Retail Features

  • Total Building Sq Ft: 4,728
  • # Suites Available: 1

Features Include

  • Accessibility: Fully Accessible
  • Const. / Cond.: Brick
  • Water: Connected
  • Visibility: Road Traffic; Walk-In Traffic
  • Equipment: Underground Storage; Walk-In Refrigerator
  • Floors: Carpet
  • Exterior: Paved Parking
  • Inclusions: Real Estate
  • Exclusions: See Remarks
  • Interior: Basement; Dishwasher; Floor Drains; Kitchen; Refrigerator; Restroom: Public; Video Camera(s)
  • Roads: Asphalt; Bus Service; Road: Paved; Sidewalk
  • Sewer: Connected; Public
  • Roof: Rubber (EPDM)
  • Site: Tenant Occupied
  • Zoning: Commercial
  • Terms: Cash; Commercial Fin. Req.; Conventional; SBA; Seller Finance First; USDA Rural Development

Buyer's Brokerage Commission

3% - The listing broker's offer of compensation is made only to participants of UtahRealEstate.com.

Schools

Designated Schools

Elementary School
Middle School
High School
School District

Nearby Schools

School data provided by GreatSchools.

For information about radon testing for homes in the state of Utah click here.

Contact Agent

Christion  Sadler
Christion Sadler
801-330-5433

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Listing Broker

Real Estate Essentials Company Logo
Real Estate Essentials
5965 S 900 E
Ste 150
Murray, UT 84121
801-472-8800

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