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The Hearth 1186 S Main St 7,560 SF Industrial Building Salt Lake City, UT 84101 $2,243,000 ($296.69/SF) 6.50% Cap Rate
Investment Highlights
- Approximately 4 Years Remaining | Annual Rental Increases | S Main St (11,700 VPD) | Interstate 15 (301,700 VPD)
- North of Major Retailers | Salt Lake City International Airport | High Population Area
- NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
Executive Summary
• Approximately 4 years remaining on initial term
• Features annual 3% rental increases, steadily growing NOI and hedging against inflation
• Located along S Main St, which averages 11,700 vehicles passing by daily and is the major retail thoroughfare serving the city of Salt Lake City
• Positioned just east of Interstate 15 (301,700 VPD), a major north/south travelling highway connecting Salt Lake City to Las Vegas
• Features annual 3% rental increases, steadily growing NOI and hedging against inflation
• Located along S Main St, which averages 11,700 vehicles passing by daily and is the major retail thoroughfare serving the city of Salt Lake City
• Positioned just east of Interstate 15 (301,700 VPD), a major north/south travelling highway connecting Salt Lake City to Las Vegas
Property Facts
Amenities
- Bus Line
- Signage
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Walk Score®
Very Walkable (89)
Bike Score®
Very Bikeable (78)
Property Taxes
| Parcel Number | 15-12-479-010-0000 | Improvements Assessment | $998,200 |
| Land Assessment | $347,400 | Total Assessment | $1,345,600 |
Property Taxes
Parcel Number
15-12-479-010-0000
Land Assessment
$347,400
Improvements Assessment
$998,200
Total Assessment
$1,345,600
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The Hearth | 1186 S Main St
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