1320 S State St | Orem, UT 84097
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1320 S State St
Orem, UT 84097
TROPHY BANK OF AMERICA | 15 YEAR NNN GL · Retail Property For Sale
Investment Highlights
- 15 Year Absolute Net Ground Lease (Zero Landlord Responsibilities). Brand New 2025 High Quality Construction.
- Premier State Street Retail Corridor: Excellent Access and Visibility - Prime Signalized Hard Corner Intersection with full Ingress/Egress.
- Thriving Retail and Dining Hub - Positioned Across University Place Mall - a 1.5 Million Sq.Ft. Regional Shopping Destination.
- Featuring Above Average 12% Rental Increases Every 5 Years throughout the Initial Term and Options.
- Bank of America is Currently Ranked #6 on the Fortune Global 2000 List. Features an Investment Grade Credit Rating from S&P of “A+” and Moody’s of A+.
- Exceptional Daytime Employment Base - Surrounded by Thousands of Office Employees from Technology, Healthcare, and Education Sectors.
Property Facts
Property Type
Retail
Property Subtype
Building Size
4,185 SF
Building Class
C
Year Built
2025
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.60 AC
Zoning
C - Commercial
Parking
6 Spaces (1.43 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 19-018-0025 | Improvements Assessment | $178,800 |
| Land Assessment | $1,387,600 | Total Assessment | $1,566,400 |
Property Taxes
Parcel Number
19-018-0025
Land Assessment
$1,387,600
Improvements Assessment
$178,800
Total Assessment
$1,566,400
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