Manufacturing Facility with Absolute NNN
For Sale
Contact for pricing
2359 S 1500 E Street, Vernal, UT 84078
Single-tenant facility backed by a corporate guarantee and scheduled annual rent increases.
Property SizeContact for details
Days on Market145
Property Features for 2359 S 1500 E Street
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed By:
Matthew Mousavi · License #CA 01732226
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 29 at 1:21PM
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 SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This manufacturing facility is leased to a single tenant under a corporate-guaranteed absolute NNN structure, with fee-simple ownership and no landlord responsibilities identified in the lease structure. The property is currently dark, while rent continues to be paid under the lease. Six years remain in the primary term, followed by two additional five-year extension options. Contractual increases are set at 1.5% annually during the initial term and at the start of each option period.
The property is positioned along Highway 40, which records more than 26,900 vehicles per day, and is near the Vernal Regional Airport for commercial shipping access. It is also situated within the Uinta Basin shale oil corridor, where several oil-service companies maintain facilities, providing relevant industrial context for the location.
The property is positioned along Highway 40, which records more than 26,900 vehicles per day, and is near the Vernal Regional Airport for commercial shipping access. It is also situated within the Uinta Basin shale oil corridor, where several oil-service companies maintain facilities, providing relevant industrial context for the location.
Key Highlights
- Corporate‑guaranteed absolute NNN lease with fee‑simple ownership
- Six years remaining in the primary lease term
- Two 5‑year extension options
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
Explore this area
Business Placement
Demographics for 84078, UT
29,172
Population
11,222
Households
2.6
Avg Household Size
31
Median Age
18%
College-Educated
89%
High-School Grad
1,337.2 sq mi
ZIP Area
22
Density / Sq Mi
$71,230
Median Household Income
$36,374
Median Earnings
$907
Median Rent
$279,000
Median Home Value
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Single-tenant facility backed by a corporate guarantee and scheduled annual rent increases.
Where is this manufacturing property located?
The property is located at 2359 S 1500 E Street Vernal, UT.
What are key features of this property?
This property features: Corporate‑guaranteed absolute NNN lease with fee‑simple ownership; Six years remaining in the primary lease term; Two 5‑year extension options
