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Ross & Staples | High-Performing Retail 4043 Riverdale Rd 61,515 SF 100% Leased Retail Building Riverdale, UT 84405 $9,510,000 ($154.60/SF) 7% Cap Rate
Investment Highlights
- TWO-TENANT RETAIL INVESTMENT ON NORTHERN UTAH’S DOMINANT RETAIL CORRIDOR
- STAPLES — THE STRONGEST STORE IN THE STATE, AND GROWING
- LOW-COVERAGE LAND BASIS ON A CONSTRAINED CORRIDOR
- ROSS — S&P 500 CREDIT WITH CONTRACTUAL GROWTH AND EXCEPTIONAL STORE ECONOMICS
- BELOW-MARKET IN-PLACE RENTS IN A TIGHT SUBMARKET
- LONG-TERM TENANCY | STAPLES 29 YEARS | ROSS 26 YEARS
Executive Summary
4043 Riverdale Road offers investors a 61,515 SF two-tenant retail investment on 6.94 acres fronting Riverdale Road, the primary retail corridor serving Weber County and the Ogden metropolitan area. The corridor’s tenancy includes Costco, Target, Walmart, Sam’s Club, Lowe’s, JCPenney, TJ Maxx, Best Buy, Old Navy, Michaels, Ulta, Trader Joe’s, Sierra and HomeGoods.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
61,515 SF
Building Class
C
Year Built/Renovated
1995/2002
Price
$9,510,000
Price Per SF
$154.60
Cap Rate
7%
NOI
$665,458
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.20
Lot Size
6.94 AC
Zoning
CP-3 - CP-3, Riverdale City
Parking
345 Spaces (5.61 Spaces per 1,000 SF Leased)
Frontage
588’ on Riverdale Rd
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
Space Availability
- Space
- Size
- Space Use
- Position
- Available
final space available in center, space can be demised down to 1,200 SF. Signage available. Adjacent RC Willey currently being remodeled for multiple Tenants.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 9,272 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 9,272 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1st Floor
| Size | 9,272 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
final space available in center, space can be demised down to 1,200 SF. Signage available. Adjacent RC Willey currently being remodeled for multiple Tenants.
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05-139-0118 | Improvements Assessment | $3,505,220 |
| Land Assessment | $2,810,700 | Total Assessment | $6,315,920 |
Property Taxes
Parcel Number
05-139-0118
Land Assessment
$2,810,700
Improvements Assessment
$3,505,220
Total Assessment
$6,315,920
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