869 S Turf Farm Rd - Restaurant FOR SALE


Payson, UT 84651
$2,200,000 USD
801-652-0056
869 S Turf Farm Rd, Payson, UT for Sale
$2,200,000 USD
Restaurant - FOR SALE
1/17
null | 6.36% Cap Rate

869 S Turf Farm Rd
Payson, UT 84651


HIGHLIGHTS

  • Location
  • Access & Parking
  • Visibility

OVERVIEW

Parcel includes 869 & 871 Turf Farm . Great performing property with drive-up window. Surrounded with retail. 2 current triple net Tenants. Seller spent 45k to upgrade electrical to 3 phase 400 amp in 2022 for current restaurant and 26k in 2024 for all new landscaping. Property is currently netting 140K per year with 3% escalation built into the leases. Cap rate is 6.59%. Building is in great condition. Square footage figures are provided as a courtesy estimate only and were obtained from appraisal. Buyer is advised to obtain an independent measurement.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$704 USD /SF

CAP RATE

6.36%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Convenience Store, Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Marlin DenningClear Choice Real Estate CoMore Info
801-652-0056

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Marlin DenningClear Choice Real Estate CoMore Info
801-652-0056

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