876 Buena Vista Blvd Washington, UT 84780
- Retail properties
- 3,800 SF
- 1.17 lot acres
Current Use by Public Records
- Retail properties
Property Details for 876 Buena Vista Blvd
- Year built
- 2025
- Lot size
- 1.17 lot acres
- Property size
- 3,800 SF
- Property type
- Retail properties
Description
Exceptional investment opportunity featuring a brand-new, 3,800 square foot Panera Bread restaurant in Washington, Utah. This Class A, single-tenant net lease property boasts a 180-year lease commencing January 1, 2025, and expiring December 31, 2040. The franchisee, Desert Flour LLC, enjoys a strong 100% occupancy rate. The property sits on a 1.17-acre lot at 876 W Buena Vista Blvd, Washington, UT 84780, a highly visible corner location easily accessible from I-15 at Exit 10. The lease includes three 5-year renewal options, each with a 10% rent increase. The current annual net operating income (NOI) is $180,000, representing a 5.25% cap rate on the $3,428,571 asking price. The property is zoned C and benefits from strong surrounding demographics, including a population of 86,460 within a 5-mile radius and an average household income of $112,040. This development also includes a Maverik gas station and convenience store, a Quick Quack Car Wash, Cyprus Credit Union, and a Home 2 Suites hotel. The Panera Bread franchise averages $2,599,432 in annual sales. This is a ground lease with 15 years remaining until expiration on December 31, 2040. The property features one building, one story, and is part of the Buena Vista Commercial Development project.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Washington
- County
- Washington
- State
- Utah
- Longitude
- -113.524
- Latitude
- 37.1305
