8793 N Hwy 36 | Lake Point, UT 84074
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8793 N Hwy 36
Lake Point, UT 84074
Chevron Investment Sale | Absolute NNN Lease · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- In July 2022 the CAP Rate Will Increase to 5.37%
- Tenant Just Spent $100k in Exterior Improvements with Interior Improvements Scheduled in the Future
- Just 20 minutes from Salt Lake City, Utah
- 30-Unit Operator with Over 11 Years Remaining on the Lease - Profitable Location
- Just Off the Interstate-80 Exit on Highway 36 (Combined Traffic Count - 46,000+ Vehicles Daily)
- Major Economic Development in the Area Include Utah State Prison & the Inland Port
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
3,120 SF
Building Class
B
Year Built
2003
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.79 AC
Zoning
BC
Parking
36 Spaces (10 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 01-505-0-0016 | Improvements Assessment | $981,548 |
| Land Assessment | $1,119,869 | Total Assessment | $2,101,417 |
PROPERTY TAXES
Parcel Number
01-505-0-0016
Land Assessment
$1,119,869
Improvements Assessment
$981,548
Total Assessment
$2,101,417
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