1239 Canyon Rd South Weber, UT 84405
- Retail properties
- 6,300 SF
- 0.99 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1239 Canyon Rd
- Year built
- 1998
- Lot size
- 0.99 lot acres
- Property size
- 6,300 SF
- Property type
- Retail properties
Description
This exceptional retail property in Ogden, Utah presents a compelling investment opportunity. The 6,300 square foot freestanding building, situated on approximately 0.99 acres (APN 13-056-0055), boasts a prime location at 1239 Canyon Road, representing the last corner commercial building before Ogden Canyon. Constructed in 1998 and extensively renovated in 2024 (including roof and flooring), the property is currently 100% occupied by a long-term tenant under a triple-net (NNN) lease. This seven-year lease, commencing December 1, 2024, and expiring November 30, 2031, includes two five-year renewal options and features a 3% annual rent increase. The tenant, Level Nine Sports, has a strong history at this location. The property's C-2/CP-2 zoning allows for versatile commercial uses. With a current net operating income (NOI) of $129,150 and an asking price of $1,986,000, this translates to a 6.5% capitalization rate. This is a truly turnkey investment with minimal landlord responsibilities, offering a stable and high-yielding return. The combination of a prime location, a strong local tenant, and a favorable lease structure makes this an irreplaceable investment opportunity.
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
- South Weber
- County
- Weber
- State
- Utah
- Longitude
- -111.948
- Latitude
- 41.1358
