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380 N 2000 W 2,000 SF 100% Leased Retail Building Marriott Slaterville, UT 84404 $880,000 ($440/SF) 5.75% Cap Rate
Investment Highlights
- Single-tenant retail property with a drive-thru, built in 2011.
- Scheduled rent escalations and consistent income stream.
- Surrounded by national retailers and high-traffic commercial corridors.
- Long-term lease in place with GriDeli’s through May 2031.
- Located near I-15 and Highway 89 with strong regional connectivity.
- Offered at $880,000 with a CAP rate of 5.75%.
Executive Summary
This single-tenant retail property offers a stable investment opportunity in Marriott-Slaterville, Utah. The building, constructed in 2011, spans 2,016 square feet on a 0.40-acre lot and features a drive-thru, enhancing its operational appeal for quick-service dining. The property is currently leased to GriDeli’s, a well-established local restaurant brand, under a long-term lease expiring in May 2031. The lease includes scheduled rent increases, providing predictable income growth for investors.
Located near major transportation routes, including I-15 and Highway 89, the site benefits from strong visibility and accessibility. The surrounding area hosts a dense mix of national retailers, restaurants, and service providers, creating a robust commercial environment. With a CAP rate of 5.75% and a sales price of $880,000, this asset offers an attractive balance of income stability and long-term value in a growing market.
Property Information
• Parcel# 156050001
• Lot Size: 0.40 Acres
• Year Built: 2011
• Building Size: 2016 SF
• Drive-Thru
• Current Tenant: GriDeli’s
• Tenant Lease Exp: May 2031
• CAP Rate: 5.75
Available: 2,016 SF
Sales Price: $880,000.00
Located near major transportation routes, including I-15 and Highway 89, the site benefits from strong visibility and accessibility. The surrounding area hosts a dense mix of national retailers, restaurants, and service providers, creating a robust commercial environment. With a CAP rate of 5.75% and a sales price of $880,000, this asset offers an attractive balance of income stability and long-term value in a growing market.
Property Information
• Parcel# 156050001
• Lot Size: 0.40 Acres
• Year Built: 2011
• Building Size: 2016 SF
• Drive-Thru
• Current Tenant: GriDeli’s
• Tenant Lease Exp: May 2031
• CAP Rate: 5.75
Available: 2,016 SF
Sales Price: $880,000.00
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
2,000 SF
Building Class
B
Year Built
2012
Price
$880,000
Price Per SF
$440
Cap Rate
5.75%
NOI
$50,600
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.06
Lot Size
0.76 AC
Zoning
C-2
Amenities
- Bus Line
- Freeway Visibility
- Restaurant
- Security System
- Signage
- Signalized Intersection
- Drive Thru
- Air Conditioning
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 15-605-0001 | Improvements Assessment | $460,064 |
| Land Assessment | $243,936 | Total Assessment | $704,000 |
Property Taxes
Parcel Number
15-605-0001
Land Assessment
$243,936
Improvements Assessment
$460,064
Total Assessment
$704,000
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380 N 2000 W
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