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385 N Main St
Nephi, UT 84648
Dollar General Multi-Tenant Investment · Retail Property For Sale
Investment Highlights
- Dollar General Anchor Tenant
- Options to Renew
- Call or Email for more info
- 10% Increases in Option Periods
- Minimal Landlord Responsibilities
Executive Summary
Newmark Mountain West is proud to present the opportunity to acquire a Multi-Tenant opportunity in the Nephi trade area. Subject property is an 11,838 square foot freestanding building located on Main Street, a retail corridor surrounded by many heavily trafficked retailers. Dollar General recently renewed an additional 5-year lease, renewal term is set to expire 2027.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
11,920 SF
Building Class
C
Year Built/Renovated
1970/2006
Price
$1,482,565
Price Per SF
$124.38
Cap Rate
7%
NOI
$103,780
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
1.06 AC
Zoning
Commercial
Parking
54 Spaces (4.53 Spaces per 1,000 SF Leased)
Frontage
135’ on N Main St
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | XA00-0521 | Improvements Assessment | $800,372 |
| Land Assessment | $299,005 | Total Assessment | $1,099,377 |
Property Taxes
Parcel Number
XA00-0521
Land Assessment
$299,005
Improvements Assessment
$800,372
Total Assessment
$1,099,377
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