Property Facts
Turn Key 7.7% 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
No
Blt./Standing
No
No
The Outpost
Property Features
Parking
- Number of stalls: 24
- Stalls / Month$: 24 / 0
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 Compensation
3% - The listing broker's offer of compensation is made only to participants of UtahRealEstate.com.
Schools
Designated Schools
Nearby Schools
| GreatSchools Rating | School Name | Grades | Distance |
|---|---|---|---|
| Grantsville School Public Preschool, Elementary |
PK | 0.11 mi | |
| Grantsville Jr High School Public Middle School |
7-8 | 0.49 mi | |
| Grantsville High School Public High School |
9-12 | 0.47 mi | |
| Willow School Public Elementary |
K-6 | 0.73 mi | |
| Old Mill School Public Preschool, Elementary |
PK | 7.61 mi | |
| Tooele District Preschool, Elementary, Middle School, High School |
7.61 mi | ||
| Tooele Online K-8 Public Elementary, Middle School |
K-8 | 7.61 mi | |
| Bonneville Academy Charter Elementary, Middle School |
K-8 | 8.22 mi | |
| First Steps Private Preschool, Elementary |
PK-K | 8.74 mi | |
| Clarke N Johnsen Jr High School Public Middle School |
7-8 | 8.83 mi | |
| Blue Peak High School Public Elementary, Middle School, High School |
K-12 | 8.95 mi | |
| Tooele Community Learning Center Public High School |
9-12 | 8.95 mi | |
| Overlake School Public Elementary |
K-6 | 9.13 mi | |
| Stansbury High School Public High School |
9-12 | 9.22 mi | |
| Excelsior Academy Charter Elementary, Middle School |
K-8 | 9.23 mi |
School data provided by GreatSchools.
For information about radon testing for homes in the state of Utah click here.
Contact Agent
Listing Broker
Real Estate Essentials
5965 S 900 E
Ste 150
Murray, UT 84121
801-472-8800