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United States Postal Service 610 E Main St 2,862 SF Retail Building Wellington, UT 84542 $505,000 ($176.45/SF) 6.01% Cap Rate
INVESTMENT HIGHLIGHTS
- Main Post Office
- USPS Tax Reimbursement Rider
- USPS Partial Maintenance Rider
- Upside potential to renegotiate the lease rate renewal in 2027
EXECUTIVE SUMMARY
Main Post Office of Wellington, Utah for sale. USPS partial maintenance rider, USPS tax reimbursement rider. New lease is up in 2027 and the buyer has an opportunity to renew at an increased rate per square foot.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Service Station
Building Size
2,862 SF
Building Class
C
Year Built
1987
Price
$505,000
Price Per SF
$176.45
Cap Rate
6.01%
NOI
$30,350
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.63 AC
AMENITIES
- 24 Hour Access
- Corner Lot
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 1B-0246-0018 | Total Assessment | $471,000 |
| Land Assessment | $106,158 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $364,842 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
1B-0246-0018
Land Assessment
$106,158
Improvements Assessment
$364,842
Total Assessment
$471,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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United States Postal Service | 610 E Main St
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