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338 E State Road 338 E State Rd 37,588 SF 100% Leased Retail Building American Fork, UT 84003 $7,000,000 ($186.23/SF) 6.97% Cap Rate



Investment Highlights
- 100% Leased
- Multi-tenant building
- 2% & 3% annual rental increase
Executive Summary
The Calvary Church Building in American Fork, UT conveniently located on State Road, minutes from I-15.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$561,852
|
$14.95
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$561,852
|
$14.95
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$74,112
|
$1.97
|
| Net Operating Income |
$487,740
|
$12.98
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $561,852 |
| Annual Per SF | $14.95 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $561,852 |
| Annual Per SF | $14.95 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $74,112 |
| Annual Per SF | $1.97 |
| Net Operating Income | |
|---|---|
| Annual | $487,740 |
| Annual Per SF | $12.98 |
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Calvary Mountain View Church
- Services
- -
- -
- -
- -
Where were you in 1989? Gandolfo's can tell you where they were, they just finished moving from New York to Provo, Utah. Missing their favorite New York city flavors and working their butt off. So inspired by a deep longing for the city, food and old friends they opened the first deli in Salt Lake City, Utah. With inspired recipes mixed with traditional New York Delicatessen flair and a ton of hard work Gandolfo's opened three more locations…then BAM! In 2004, this genius idea rolled around in the head of Dan Pool after his first bite…bring this food and taste to everyone in America! Now in 13 states and growing Gandolfo’s brings the New York Deli experience into your hometown. What makes Gandolfo’s different from the rest is they do things the deli way. They bake their own breads, fresh slice their own signature meats and cheeses, and make their deli salads fresh EVERY DAY. The meats are real meats, nothing pre-sliced or stuffed with fillers here.
- Paul Thomas Brazilian Jiu Jitsu
- Services
- -
- $15.00
- Triple Net
- Jan 2028
- Pregnancy Resource Center
- -
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Calvary Mountain View Church | Services | - | - | - | - | |
|
Accommodation and Food Services | - | - | - | - | |
| Paul Thomas Brazilian Jiu Jitsu | Services | - | $15.00 | Triple Net | Jan 2028 | |
| Pregnancy Resource Center | - | - | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 02-012-0032 | Improvements Assessment | $4,274,700 |
| Land Assessment | $1,490,700 | Total Assessment | $5,765,400 |
Property Taxes
Presented by
338 E State Road | 338 E State Rd
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