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    949 W 1700 S, Salt Lake City, UT

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    NNN investment opportunity with long-term lease and annual increases.

    Type:RETAIL
    Property size:
    38,696 SF
    Lot size:
    2.68 Acres
    Price / SF:
    $167/SF
    Added:
    Mar 5, 2025
    Days on Market:
    461
    Last Refresh:
    May 20 at 8:42 pm

    Property Features for 949 W 1700 S

    General Information

    Standard status
    Active
    Size
    38,696 SF
    Lot size
    2.68 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Mike Medina

    Listing agent Mike Medina License #UT 293472-SA00

    Listing office Mountain West | Ogden

    Listing date Mar 5, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Mountain West | Ogden

    HighLights

    • Long term lease with annual increases
    • Absolute NNN investment
    • Established tenant with long term operating history
    • 2.64 acres, 3 building structures with combined total of 38,696 sf gla
    • Exclusive dealer in Utah for MP, Moomba & Supra Boat
    • 430' of frontage on 1700 South

    Overview

    This commercial property features a long-term absolute NNN lease with annual increases. The established tenant is the exclusive Utah dealer for MP, Moomba, and Supra boats and has a long operating history. The property consists of 2.64 acres and includes three building structures with a combined gross leasable area of 38,696 square feet. It also features 430 feet of frontage on 1700 South.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $849.8k $21.96
    − Vacancy −$23.8k −$0.61
    EGI $826.0k $21.35
    − OpEx −$247.8k −$6.40
    NOI $578.2k $14.94
    38,696 SF · lease $21.96/SF/yr · vacancy 2.80% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $8.26M
    $7.23M – $9.64M (±1% cap)
    NOI $578,180 @ 7.0% cap · market cap 8.90%
    Second Best
    Industrial
    $3.63M
    $3.17M – $4.23M (±1% cap)
    NOI $253,871 @ 7.0% cap · market cap 3.91%
    Theoretical Best
    Office A
    $10.43M
    $9.12M – $12.16M (±1% cap)
    NOI $729,768 @ 7.0% cap · market cap 11.23%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Marine Products Big Box & Wholesale Store RONIX WAKE STORE (Bike/Boat/Book/etc) Store

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Car Service Salt Lake City ® — 1269 E 2100 S, Salt Lake City, UT 84106

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.864
    Latitude
    40.7338

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    FAQs

    What type of property is this?
    Automotive property - NNN investment opportunity with long-term lease and annual increases.
    Where is this automotive property located?
    The property is located at 949 W 1700 S Salt Lake City, UT.
    What is the asking price?
    The asking price for this property is $6,500,000.
    What are key features of this property?
    This property features: Long term lease with annual increases; Absolute NNN investment; Established tenant with long term operating history
    (801) 456-8800 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mike Medina
    Real Estate License ID: UT 293472-SA00
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