Description
QUIET SALE/NO SIGN ON PROPERTY. DO NOT DISTURB occupants for any reason, please! Fully leased multi-tenant retail building investment for sale. Pricing breakdown: $1,089,000 with a CAP Rate of 7%. The existing tenants include Cattleman's Burger Co. and The Filling Station. There is currently a 9.5-year NNN lease for The Filling Station bar and a 4+ year Modified Gross lease for Cattleman's Burger Co. Both tenants have renewal options. The subject property consists of 11,758 SF and the two tenants' units are as follows: The Filling Station 6,048.78 SF | Cattleman's Burger Co. 2,000 SF | Basement SF 3,709.22 SF is located under Cattleman Burger Co. unit but is usable and unleased to either tenant. Additional 2,304 SF crawl space with approximate 5 feet head clearance under The Filling Station which is not included in the total building square footage. Located within an opportunity zone! With a $5,000 contribution a $50,000 facade grant allowance is available from the city of Magna at this location. The property is located off downtown historic Magna Main St. Nearby tenants include Burger King, TransWest Credit Union, 7-Eleven, Holiday Gas, Sinclair, and more. Magna, UT is a metro township in Salt Lake City, UT. The seller will consider seller financing with $800K down. Request/See attached offering memorandum. The information provided is a courtesy but all details and information should be verified by the buyer.
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0.4ACRES
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01/2 BATHS
School Ratings & Info
Description
QUIET SALE/NO SIGN ON PROPERTY. DO NOT DISTURB occupants for any reason, please! Fully leased multi-tenant retail building investment for sale. Pricing breakdown: $1,089,000 with a CAP Rate of 7%. The existing tenants include Cattleman's Burger Co. and The Filling Station. There is currently a 9.5-year NNN lease for The Filling Station bar and a 4+ year Modified Gross lease for Cattleman's Burger Co. Both tenants have renewal options. The subject property consists of 11,758 SF and the two tenants' units are as follows: The Filling Station 6,048.78 SF | Cattleman's Burger Co. 2,000 SF | Basement SF 3,709.22 SF is located under Cattleman Burger Co. unit but is usable and unleased to either tenant. Additional 2,304 SF crawl space with approximate 5 feet head clearance under The Filling Station which is not included in the total building square footage. Located within an opportunity zone! With a $5,000 contribution a $50,000 facade grant allowance is available from the city of Magna at this location. The property is located off downtown historic Magna Main St. Nearby tenants include Burger King, TransWest Credit Union, 7-Eleven, Holiday Gas, Sinclair, and more. Magna, UT is a metro township in Salt Lake City, UT. The seller will consider seller financing with $800K down. Request/See attached offering memorandum. The information provided is a courtesy but all details and information should be verified by the buyer.
Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2023-06-07T07:38:49.023. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.