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Warehouse Bar & Kitchen 432 N 100 W 10,500 SF Retail Building Cedar City, UT 84721 $1,199,000 ($114.19/SF) 7.65% Cap Rate
INVESTMENT HIGHLIGHTS
- Great Cash flow
- High Growth Rate
EXECUTIVE SUMMARY
What an awesome investment opportunity! Well established bar/restaurant with a liquor license. Lease goes through March 31, 2027, with two five year options with ten percent increases every five years. The tenant recently invested $200,000+ in property upgrades. The year built is an effective year, actual year built is unknown to seller. Cedar City is continues to grow quickly. It currently has a population of 41,400 and is projected to reach 56,400 in the next decade. Growth rate has been 3.73%. per annum since the last census. It is the home to Southern Utah State University and the world renowned Shakespearean Festival.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
10,500 SF
Building Class
C
Year Built
2005
Price
$1,199,000
Price Per SF
$114.19
Cap Rate
7.65%
NOI
$91,700
Tenancy
Single
Building Height
2 Stories
Building FAR
0.42
Lot Size
0.57 AC
Zoning
GC - General Commercial
Bike Score®
Very Bikeable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | B-1335-0007-0002 | Improvements Assessment | $592,117 |
| Land Assessment | $106,374 | Total Assessment | $698,491 |
PROPERTY TAXES
Parcel Number
B-1335-0007-0002
Land Assessment
$106,374
Improvements Assessment
$592,117
Total Assessment
$698,491
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Warehouse Bar & Kitchen | 432 N 100 W
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