562 S Main St - Bank FOR SALE


Bountiful, UT 84010
$1,465,000 USD
801-303-5555
562 S Main St, Bountiful, UT for Sale
$1,465,000 USD
Bank - FOR SALE
1/5
null | 6.5% Cap Rate

562 S Main St
Bountiful, UT 84010


HIGHLIGHTS

  • Attractive Rent Increases
  • Long-Term Tenancy
  • Strong Area Demographics

OVERVIEW

• NNN Lease: KeyBank is responsible for 50% share of taxes, insurance, utilities, and R&M (Including roof repairs but not replacement) • Attractive Rent Increases: Lease features 10% rent increases every option period or every 5 years, providing a strong hedge against inflation • Term & Options: KeyBank has 1.5 years of term remaining with two 5-year renewal options • Long-Term Tenancy: KeyBank has occupied this location since 1988 • Credit Tenant: KeyBank National Association is rated BBB+ • Location: Prime visibility and strategically located on the highly-trafficked Main Street (12,554 ADT), adjacent to a Smith’s, Natural Grocers, and Planet Fitness • Strong Area Demographics: Within a 3-mile radius, there are 26,415 households featuring average annual income of $135,950 and population of 78,430

FOR SALE DETAILS

PRICE

$1,465,000 USD

PRICE/SF

$151 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Key Bank Branch Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

CG

APN/PARCEL ID

03-036-0108

ASK ABOUT THIS PROPERTY

Kip PaulCushman & WakefieldMore Info
801-303-5555

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Kip PaulCushman & WakefieldMore Info
801-303-5555

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