5165 1500 Riverdale, UT 84405
- Day care centers
- 27,707 SF
Current Use by Public Records
- ABC Great Beginnings - Riverdale (Previously Bravo Arts Academy) / Day Care Center / Learning Center
Property Details for 5165 1500
- Year built
- 2015
- Property size
- 27,707 SF
- Property type
- Day care centers
Description
This exceptional investment opportunity presents a 27,707-square-foot daycare center in Riverdale, Utah, ideally situated at 5165 1500 W, 84405. Built in 2015, this single-tenant property boasts a strong 5.75% cap rate and a substantial net operating income (NOI) of $373,355, with an asking price of $6,493,146 ($234.35/sq ft). The property is offered as a sale-leaseback, allowing the current operator, ABC Great Beginnings, a well-established daycare provider since 1992, to continue operations. This thriving business caters to children aged six weeks to twelve years old and enjoys a prime location near Hill Air Force Base, a rapidly growing area with many young families. The sale-leaseback structure provides a secure, long-term income stream for the investor while ensuring the continued success of a reputable local business. This is one of fifteen locations for this successful childcare provider, indicating a proven business model and strong brand recognition. The property's excellent location and the tenant's strong financial performance make this a compelling investment opportunity with significant potential for future growth and returns. The property is classified as retail, subtype Day Care/Nursery, NNN lease.
Value Estimations
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Riverdale
- County
- Weber
- State
- Utah
- Longitude
- -112.0160774
- Latitude
- 41.1699175