2662 S High Commons Way - Bank FOR SALE


West Valley City, UT 84120
$1,968,000 USD
650-678-7200
2662 S High Commons Way, West Valley City, UT for Sale
$1,968,000 USD
Bank - FOR SALE
1/4
null | 4.75% Cap Rate

2662 S High Commons Way
West Valley City, UT 84120


HIGHLIGHTS

  • 10+ years remaining on corporate ground lease featuring 10% rental increases every 5 years during the primary terms and option periods
  • Strong intrinsic value – large 1.07-acre lot with low rent of $93,500
  • Pad to Target-anchored shopping center with drive-thru
  • Significant frontage on S 5600 W – 36,630 VPD
  • Top 17% most visited Bank of America location in Utah per Placer.ai
  • Affluent residential demographics – $105,388 average household incomes within a 1-mile radius of the subject property

OVERVIEW

10+ years remaining on corporate ground lease featuring 10% rental increases every 5 years and 4, 5-year options to extend the lease. Subject property is located in West Valley City, an affluent Salt Lake City suburb, and features significant frontage on heavily trafficked S 5600 W – 36,630 VPD.

FOR SALE DETAILS

PRICE

$1,968,000 USD

PRICE/SF

$492 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Bank of America

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.07 AC

LAND SF

46,609 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

John AndreiniCP Partners CREMore Info
650-678-7200

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John AndreiniCP Partners CREMore Info
650-678-7200

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