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222 W State St 5,569 SF 100% Leased Retail Building Hurricane, UT 84737 $2,750,000 ($493.80/SF) 6% Cap Rate
Investment Highlights
- 10-year Sale Lease Back with Pizza Hut
- Prominent location on State Street in Hurricane
- T-Mobile signed a five-year renewable lease in 2023 for 2,161 SF
Executive Summary
10-year Sale Lease Back with Pizza Hut
Pizza Hut to Sign a new Lease Agreement
T-Mobile signed a five-year renewable lease in 2023 for 2,161 SF
Prominent location on State Street in Hurricane
Pizza Hut to Sign a new Lease Agreement
T-Mobile signed a five-year renewable lease in 2023 for 2,161 SF
Prominent location on State Street in Hurricane
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,569 SF
Building Class
C
Year Built/Renovated
2007/2018
Price
$2,750,000
Price Per SF
$493.80
Cap Rate
6%
NOI
$165,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
0.42 AC
Zoning
HC - Highway Commercial
Parking
17 Spaces (3.05 Spaces per 1,000 SF Leased)
Amenities
- Wheelchair Accessible
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $985,500 | |
| Land Assessment | $347,400 | Total Assessment | $1,332,900 |
Property Taxes
Parcel Numbers
Land Assessment
$347,400
Improvements Assessment
$985,500
Total Assessment
$1,332,900
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222 W State St
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