130 10600 Sandy, UT 84070
- Retail properties
- 2,350 SF
Current Use by Public Records
- Potbelly / Fast Food Restaurant / Lunch Restaurant
- Starbucks / Coffee Shop / Breakfast Restaurant
Property Details for 130 10600
- Year built
- 2016
- Property size
- 2,350 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a fee-simple ownership of two buildings totaling 2,350 square feet, situated on a signalized hard corner with a drive-thru. Located in Sandy, Utah, at 130 10600 S, 84070, this property boasts a 100% occupancy rate with two market-leading tenants: Starbucks and Potbelly. Built in 2016, the property offers a strong net operating income (NOI) of $271,574, resulting in a 6.00% cap rate. The asking price is $4,526,233, translating to $1,926.06 per square foot. This prime retail location benefits from its position as an outparcel to The Shops at South Town, Utah's largest shopping mall (1.3 million square feet), within a dense retail corridor and adjacent to major thoroughfares including I-15 and State Street. The property enjoys high visibility due to its signalized hard corner location and benefits from approximately 53,602 vehicles passing daily. Tenants enjoy a triple-net (NN) lease structure with 10% rent bumps in each option period. This is a rare opportunity to acquire a high-performing, multi-tenant retail property with exceptional long-term growth potential in a premier location. The investment-grade credit of Starbucks (BBB+ S&P) further enhances the stability and attractiveness of this offering.
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
- Sandy
- County
- Salt Lake
- State
- Utah
- Longitude
- -111.894
- Latitude
- 40.5593
