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12270 S 700 E
Draper, UT 84020
Fish Tech · Retail Property For Sale
Investment Highlights
- 6.0% CAP Rate with Stable In-Place Cash Flow
- Long-Term NNN Leases (Through 2034)
- Prime Draper Location with Excellent I-15 Access
- Fully Leased to Two Established Tenants
- Future Rental Upside with Bene Pets Lease Expiring in 2028
Executive Summary
Rare opportunity to acquire a 5,800 SF retail/warehouse investment property situated on 0.57 acres in one of Draper’s most desirable commercial corridors. The property is fully leased to two established tenants, providing stable cash flow and long-term income security.
Tenants include Advanced Doors, a well-established garage door company with a long-term lease in place through July 2034, and Bene Pets, whose lease runs through December 2028, creating future upside potential through rental rate increases upon renewal. Both tenants are on NNN leases, providing investors with stable income and minimal landlord responsibilities.
The property also features 24 parking stalls and offers excellent access to Interstate 15 and the surrounding Salt Lake Valley. Combining long-term tenancy and a premier location, this asset presents a compelling investment opportunity. Offered at a 6.0% CAP rate.
Square footage figures are provided as a courtesy estimate only and were obtained from County Records. Buyer is advised to obtain an independent measurement.
Tenants include Advanced Doors, a well-established garage door company with a long-term lease in place through July 2034, and Bene Pets, whose lease runs through December 2028, creating future upside potential through rental rate increases upon renewal. Both tenants are on NNN leases, providing investors with stable income and minimal landlord responsibilities.
The property also features 24 parking stalls and offers excellent access to Interstate 15 and the surrounding Salt Lake Valley. Combining long-term tenancy and a premier location, this asset presents a compelling investment opportunity. Offered at a 6.0% CAP rate.
Square footage figures are provided as a courtesy estimate only and were obtained from County Records. Buyer is advised to obtain an independent measurement.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,800 SF
Building Class
C
Year Built
1988
Price
$1,800,000
Price Per SF
$310.34
Cap Rate
6%
NOI
$108,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.57 AC
Zoning
2000
Parking
24 Spaces (4.14 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 28-29-304-008-0000 | Improvements Assessment | $296,500 |
| Land Assessment | $599,300 | Total Assessment | $895,800 |
Property Taxes
Parcel Number
28-29-304-008-0000
Land Assessment
$599,300
Improvements Assessment
$296,500
Total Assessment
$895,800
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