4431 Tree Sparrow Dr Riverton, UT 84096
- Retail properties
- 3,800 SF
- 0.30 lot acres
Current Use by Public Records
- Retail properties
Property Details for 4431 Tree Sparrow Dr
- Year built
- 2023
- Lot size
- 0.30 lot acres
- Property size
- 3,800 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a brand-new, 3,800 square foot Panera Bread located in the thriving Mountain View Village, Riverton, Utah. The property boasts a 15-year absolute NNN ground lease with zero landlord responsibilities and built in 10% rent increases every five years. Situated on a 0.3-acre lot at 4431 Tree Sparrow Dr, Riverton, UT 84096, this Class A retail property benefits from high visibility and significant traffic counts exceeding 47,827 vehicles per day on 13400 South and projected to increase to 165,000 VPD upon completion of the Mountain View Corridor. The property is part of a larger 600-acre master-planned development, surrounded by numerous national retailers including Harmons, Cinemark, Sephora, Nike, and more, ensuring consistent customer traffic. The strong demographics of the area, with approximately 199,462 residents within a 5-mile radius and an average household income of approximately $142,301, further solidify this investment's potential. The property features a single tenant, 100% occupancy, and a current net operating income (NOI) of $150,000, resulting in a 4.85% cap rate. This is a rare opportunity to acquire a stable, high-performing asset in a rapidly growing market. The asking price is $3,092,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Riverton
- County
- Salt Lake
- State
- Utah
- Longitude
- -111.997
- Latitude
- 40.5085
