1680 South Redwood Road
Salt Lake City, UT
Price:
$2781000
Cap Rate:
5.35%
NOI:
$148,784
Building Size:
Approx. 2450 Sq. Ft.
Lot Size:
Approx. 0.98 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built:
2017
Investment Overview
- 2017 Construction. 2,450+/- SF Building on .98+/- Acre Site
- New 20 Year NNN Lease w/10% Rent Bumps Every 5 Years
- Located along Redwood Road (27K VPD), just N of 1700 Rd
- Near McDonalds, Wells Fargo, Burger King, AutoZone, Chase
- Located in a dense industrial and office cluster w/130k day pop
- 6-Miles S of Salt Lake City International Airport (1.3 Million Jobs)
- 4-Miles S of Downtown | 7-Miles W of Uni. of Utah (31,680 Enroll)
- Attractions: Mormon Temple | State Capital | Park City Mountain
- Ranked as one of America’s Fastest-Growing City by FORBES 2016
- 3-Mile Radius: Day Pop: 131,932 l 3-Mile Avg. HH Income: $50,702
- Salt Lake City (MSA) | 6% Pop Increase 2010-2014 | Pop: 1,153,340