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Farmington Shopping Center 1282-1328 N Highway 89 11,487 SF 100% Leased Retail Building Farmington, UT 84025 $2,053,000 ($178.72/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Occupied | In-Line Shops Attached to Grocery Smith’s |E-Commerce Resistant Tenant Line-Up | Below Market Rent
- Strong Demographics In 5-Mile Trade Area | Affluent 6-figure AHHI
- Located Along State Highway 89 (38,100 VPD)
EXECUTIVE SUMMARY
• 100% occupied, generating steady cash flow for a new owner
• Ideal e-commerce tenant line-up with service and food concept tenants
• The property is an in-line shops to a grocery shadow-anchor Smith’s, which attracts a significant number of customers to the site
• Tenants are currently paying far below market rents in Davis County
• Ideal e-commerce tenant line-up with service and food concept tenants
• The property is an in-line shops to a grocery shadow-anchor Smith’s, which attracts a significant number of customers to the site
• Tenants are currently paying far below market rents in Davis County
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
11,487 SF
Building Class
B
Year Built
1988
Price
$2,053,000
Price Per SF
$178.72
Cap Rate
7%
NOI
$143,690
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
5 Exterior
Building FAR
0.51
Lot Size
0.52 AC
Zoning
C - Commercial
Parking
28 Spaces (2.44 Spaces per 1,000 SF Leased)
AMENITIES
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
2,600 SF freestanding building for lease.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 2,600 SF | Retail | Outparcel | Now |
1st Floor
| Size |
| 2,600 SF |
| Space Use |
| Retail |
| Position |
| Outparcel |
| Available |
| Now |
1st Floor
| Size | 2,600 SF |
| Space Use | Retail |
| Position | Outparcel |
| Available | Now |
2,600 SF freestanding building for lease.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $7,226,640 | |
| Land Assessment | $3,838,287 | Total Assessment | $11,064,927 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$3,838,287
Improvements Assessment
$7,226,640
Total Assessment
$11,064,927
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Farmington Shopping Center | 1282-1328 N Highway 89
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