13379 Rock Wren Ln - Freestanding FOR SALE


Riverton, UT 84096
$3,700,000 USD
801-441-5924
13379 Rock Wren Ln, Riverton, UT for Sale
$3,700,000 USD
Freestanding - FOR SALE
1/10
null | 5.35% Cap Rate

13379 Rock Wren Ln
Riverton, UT 84096


HIGHLIGHTS

  • New 10-Year Lease with Corporate Guaranty
  • Investment Grade Credit (NYSE: SHW)
  • 8% Rental Increases Every 5 Years, Including Options
  • Benefits from frontage along 13400 South St. (±31,227 VPD)
  • Positioned within Mountain View Village, a ±1MM SF mixed-use destination
  • Surrounded by 100+ national retailers

OVERVIEW

Colliers is pleased to exclusively offer for sale a new construction single tenant net-leased Sherwin Williams located within Mountain View Village – an 85-acre mixed use destination that is a part of a larger 600-acre master development featuring additional residential, office, and retail, in the Salt Lake City, UT MSA. The asset benefits from a 10-year NN lease to an investment grade tenant and frontage on 13400 South St., situated just east of Mountain View Corridor with combined traffic counts in excess of ±47,827 VPD. Mountain View Village has been drawing people 25 miles south of downtown Salt Lake with its vast amount of must-visit shops and restaurants. Notable national co-tenants include Harmons, Cinemark, Sephora, Nike, Michaels, Burlington, PetSmart, Kona Grill, and more. The project is in Phase III of development with additional retail, office, medical, hotel, and a future Trax Line transit line extension. Upon completion of the Mountain View Village project, Mountain View Corridor is projected to carry 165,000 VPD. The asset is surrounded by affluence with nearby neighborhoods that are well known for being impressive in size and finishes servicing ±206,439 residents with an annual household income of ±$159,859 within a 5-mile radius. With the surrounding trade area growth and adjacent development, this property provides investors with a stable investment opportunity for years to come.

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$822 USD /SF

CAP RATE

5.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

STNL Sherwin-Williams

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Residential, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.78 AC

LAND SF

77,537 SF

ZONING

Commercial

APN/PARCEL ID

27-31-452-005-0000

ASK ABOUT THIS PROPERTY

Grant LammersenColliersMore Info
801-441-5924

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Grant LammersenColliersMore Info
801-441-5924

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.