3225 Washington Blvd Ogden, UT 84401
- Retail properties
- 1.84 lot acres
Current Use by Public Records
- Dollar Tree / Dollar Store / Craft Store
- OLRW Supply / Antique Furniture Store
- Aaron's / Appliance Store / Furniture Store
Property Details for 3225 Washington Blvd
- Lot size
- 1.84 lot acres
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional Ogden, Utah retail property at 3225 S Washington Blvd offers a compelling investment opportunity. The 16,890 square foot, single-story building sits on a 1.84-acre lot and features 85 parking spaces, ensuring ample customer convenience. Currently housing two tenants, including Dollar Tree occupying 10,000 square feet, the property boasts a 60% occupancy rate and a strong pro-forma NOI of $204,000, translating to a 7.42% pro-forma cap rate. The property benefits from a corporate guarantee on the tenant credit and a triple-net (NNN) lease structure. The lease terms include a remaining term of 2.9 years with one 5-year lease option remaining, providing potential for future rent increases. The building, renovated in 2012 and 2023, is zoned for commercial use and enjoys a prime location in a high-traffic area with easy access to major thoroughfares like Grant Avenue and Wall Avenue. The surrounding area demonstrates strong demographics, with over 3,500 households within a one-mile radius and a median household income of $53,311. This property presents a rare chance to acquire a well-positioned retail asset in a thriving Ogden community. The asking price is $2,750,000.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ogden
- County
- Weber
- State
- Utah
- Longitude
- -111.972
- Latitude
- 41.2054
