598 Commerce St Hurricane, UT 84737
- Industrial properties
- 7,935 SF
- 4.19 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 598 Commerce St
- Year built
- 2024
- Lot size
- 4.19 lot acres
- Property size
- 7,935 SF
- Property type
- Industrial properties
- Property subtype
- Distribution centers
Description
This exceptional investment opportunity presents a newly constructed, 7,935 square foot Frito-Lay distribution facility in Hurricane, Utah. The property boasts a 10-year net lease with a corporate guarantee from Frito-Lay, featuring 2% annual rent increases and two 5-year lease options. The building, completed in 2024, sits on a 4.19-acre lot with 18 parking spaces and eight dock-high doors. The property generates a strong net operating income (NOI) of $531,418, representing a 6.35% cap rate on the $8,368,787 asking price. Strategically located on Commerce Street, the facility enjoys convenient access to State Route 9, connecting to US Route 89 and Interstate 15, providing efficient distribution to St. George, Las Vegas, and Salt Lake City. The oversized lot allows for potential future expansion. The surrounding area exhibits robust growth, with over 201,000 people and an average household income exceeding $112,668 within a 20-mile radius. Nearby industrial tenants include major national brands, solidifying the area's position as a key distribution hub. The property's location near Zion National Park and St. George Regional Airport further enhances its appeal. This is a rare opportunity to acquire a high-quality, net-leased asset with a blue-chip tenant in a rapidly expanding market.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hurricane
- County
- Washington
- State
- Utah
- Longitude
- -113.407
- Latitude
- 37.1601
