Two-Building Commercial Portfolio 2 Retail Properties Offered at $1,275,000 in Spanish Fork, UT
INVESTMENT HIGHLIGHTS
- ±4,094 SF total
- New exterior improvements
- $7,425/month guaranteed income
- Investment or owner-user potential
- 6.99% Cap Rate
- Prime location with excellent visibility
EXECUTIVE SUMMARY
This offering includes two commercial buildings totaling 4,094 square feet, situated on a single parcel and zoned for commercial use. The property is listed at $1,275,000. The first building is 1,075 SF and is leased to SIP-N Drinks & Treats, a popular beverage and treat franchise, which pays $3,900 per month on a triple-net basis. SIP-N will be signing a new 10-year lease extension with two additional 5-year renewal options, backed by a corporate guaranty, providing stable, long-term income from an established operator. The second building is 3,019 SF and is now fully leased, with an esthetician occupying the main floor at $2,550/month plus $100 in CAM, and a piercing studio leasing half of the second floor at $925/month plus $50 in CAM. The second building recently underwent a full interior buildout on both floors, including new flooring, paint, built-out private rooms, baseboards, lighting, electrical, and HVAC improvements. The property generates a combined Net Operating Income of $89,100, offering a 6.99% cap rate, with additional site upgrades including new curb, gutter, and fresh asphalt.
PROPERTY FACTS
| Price | $1,275,000 |
| Price / SF | $311.43 / SF |
| Cap Rate | 6.99% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 4,094 SF |
| Total Land Area | 0.68 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 111 E 300 S, Spanish Fork, UT 84660 | Retail | 3,019 SF | 1975 | - |
| 109 E 300 S, Spanish Fork, UT 84660 | Retail | 1,075 SF | 1960 | - |
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