598 Commerce st - Distribution FOR SALE


Hurricane, UT 84737
$8,368,787 USD
415-713-8578
598 Commerce st, Hurricane, UT for Sale
$8,368,787 USD
Distribution - FOR SALE
1/10
null | 6.35% Cap Rate

598 Commerce st
Hurricane, UT 84737


HIGHLIGHTS

  • Brand new construction Frito-Lay Product Exchange Center – a consolidation and expansion of multiple nearby facilities
  • New 10-year NNN lease with 2% annual increases and minimal landlord maintenance responsibilities
  • Tenant is responsible for maintenance/repair/replacement of the parking lot, driveway, hard surfaced areas and mechanical and utility systems
  • Extremely high barrier to entry, high growth market (Over 21% population growth last 5 years!)
  • Oversized 4.19±-acre lot (4.37% building site coverage) with ample parking and future expansion potential on site
  • Industrial distribution hub location adjacent to State Route 9, which connects to US Route 89 to the east and Interstate 15 to the west

OVERVIEW

Cushman & Wakefield is pleased to exclusively offer for sale the newly constructed 7,935± sq. ft. Frito-Lay Product Exchange Center located in the high growth, high barrier to entry market of Hurricane, Utah, featuring a new 10-Year NNN lease with 2% annual rent increases. The property benefits from immediate access to State Route 9, which runs through Zion National Park and connects to US Route 89 to the east and Interstate 15 to the west. This regional connectivity provides convenient access to the St. George MSA, and Las Vegas to the southeast, and Salt Lake City to the north. Additionally, the oversized 4.19± acre lot can potentially accommodate future expansion of the facility. The Frito-Lay property is well located in an industrial corridor adjacent to State Route 9, which runs through Zion National Park and connects to US Route 89 to the east and Interstate 15 to the west. This regional connectivity provides easy access to the St. George MSA, and Las Vegas to the southeast, and Salt Lake City to the north. The surrounding area features strong, high growth demographics with over 201,000 people and $112,668 average household income within 20 miles. Located between the two cities, the property is a 13-minute drive from downtown Hurricane and an 18-minute drive from downtown St. George. Nearby industrial tenants include Walmart, Orgill, FedEx Ground, PepsiCo, Coors Light, and Litehouse Foods, among other national tenants. St. George Regional Airport (SGU) is conveniently located 20 miles from the site.

FOR SALE DETAILS

PRICE

$8,368,787 USD

PRICE/SF

$1,055 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Frito-Lay Distribution Facility

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

UTILITIES

Water, Sewer

CLEAR CEILING HT

-

DOCKS

8

DRIVE INS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

4.19

LAND SF

182,516

ZONING

I

APN/PARCEL ID

0838839,0838846

ASK ABOUT THIS PROPERTY

Christopher SheldonCushman & WakefieldMore Info
415-713-8578

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Christopher SheldonCushman & WakefieldMore Info
415-713-8578

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