238 N Main St - Freestanding FOR SALE


Monroe, UT 84754
$994,000 USD
435-893-1289
238 N Main St, Monroe, UT for Sale
$994,000 USD
Freestanding - FOR SALE
1/30
null | 6.13% Cap Rate

238 N Main St
Monroe, UT 84754


HIGHLIGHTS

  • Centrally located
  • New Contstruction

OVERVIEW

Commercial Property for Sale - Prime Investment Opportunity Address: 238 N Main Street, Monroe, UT 84754 Year Built: 2024 Total Building Size: 3,500 sq ft This brand-new commercial building, completed in 2024, is a prime investment opportunity located in the heart of Monroe, Utah. The property is fully leased on a long-term basis to two high-quality tenants: Intermountain Health Care (IHC) and a popular gourmet pastry shop. Key Highlights: 3,500 sq ft of modern, newly constructed space $61,018 NOI 6% cap rate IHC, a major healthcare provider, is currently investing a significant amount into custom tenant improvements, enhancing the property’s long-term value Separately metered for both gas and power Strong, long-term leases in place with stable tenants With a prime location on Main Street and the presence of reputable tenants, this property offers consistent income and potential for future growth. The substantial investment by IHC in tenant improvements ensures their commitment to the space and further elevates the overall value of the building. This is a rare opportunity for savvy investors to acquire a newly built, income-generating property with excellent long-term tenants. Contact us today for more details or to schedule a private showing.

FOR SALE DETAILS

PRICE

$994,000 USD

PRICE/SF

$284 USD /SF

CAP RATE

6.13%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

Commercial

APN/PARCEL ID

1-M23-24

ASK ABOUT THIS PROPERTY

Donavan AllenERA Brokers ConsolidatedMore Info
435-893-1289

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Donavan AllenERA Brokers ConsolidatedMore Info
435-893-1289

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