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4043 Riverdale Rd 55,470 SF 94% Leased Retail Building Riverdale, UT 84405 $10,029,789 ($180.81/SF) 6.65% Cap Rate
Investment Highlights
- Ross and Staples investment. Ross on a newly signed ten year extension and Staples on a new 3 year renewal
- 55,980 ADT on Riverdale Road
Executive Summary
HIGHLIGHTS
This is a rare opportunity to own a portion of the Riverdale Center, one of the strongest retail centers in the trade area. This opportunity provides an investor the luxury of enjoying the secure cashflow from two (2) national credit tenants in an area seeing positive growth and continued redevelopment in Weber County. Adjacent to a new townhome development.
NATIONAL CREDIT TENANTS
Two (2) longstanding National credit tenants Ross and Staples. One of the strongest Ross locations in the state on a new ten-year renewal and Staples on a new three- year renewal in a very strong store.
This is a rare opportunity to own a portion of the Riverdale Center, one of the strongest retail centers in the trade area. This opportunity provides an investor the luxury of enjoying the secure cashflow from two (2) national credit tenants in an area seeing positive growth and continued redevelopment in Weber County. Adjacent to a new townhome development.
NATIONAL CREDIT TENANTS
Two (2) longstanding National credit tenants Ross and Staples. One of the strongest Ross locations in the state on a new ten-year renewal and Staples on a new three- year renewal in a very strong store.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
55,470 SF
Building Class
C
Year Built/Renovated
1995/2002
Price
$10,029,789
Price Per SF
$180.81
Cap Rate
6.65%
NOI
$666,981
Percent Leased
94%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.18
Lot Size
6.94 AC
Zoning
CP-3
Parking
270 Spaces (4.87 Spaces per 1,000 SF Leased)
Frontage
587’ on Riverdale Rd
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 27,195 SF
- Retail
- -
- Now
- 1st Floor
- 9,272 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 27,195 SF | Retail | - | Now |
| 1st Floor | 9,272 SF | Retail | - | Now |
1st Floor
| Size |
| 27,195 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size |
| 9,272 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $3,404,855 | |
| Land Assessment | $5,623,143 | Total Assessment | $9,027,998 |
Property Taxes
Parcel Numbers
Land Assessment
$5,623,143
Improvements Assessment
$3,404,855
Total Assessment
$9,027,998
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4043 Riverdale Rd
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