4260 13400, Riverton, UT 84096

Property Details for 4260 13400

Year built

2023

Lot size

1.78 lot acres

Property type

Retail properties & Spaces

Property subtype

Retail space

Description

This exceptional investment opportunity presents a 4,500 square foot, Class A storefront in Riverton, Utah. The property, built in 2023, is 100% occupied by a Sherwin-Williams store under a 10-year net lease with a corporate guarantee. The single-tenant building sits on a 1.78-acre lot within the thriving Mountain View Village, a 85-acre mixed-use development part of a larger 600-acre master plan. This location benefits from high visibility on 13400 South Street, boasting combined traffic counts exceeding 147,827 vehicles per day, and proximity to the Mountain View Corridor (projected 165,000 VPD upon completion). The property's strong financial performance is reflected in its $3,700,000 asking price and a 5.35% cap rate, generating a net operating income (NOI) of $197,952. The lease includes 8% rental increases every five years, minimizing landlord responsibilities. Surrounded by affluent neighborhoods and numerous national retailers, including Harmons, Cinemark, Sephora, and Nike, this investment offers exceptional stability and growth potential within a rapidly expanding market. The property's location within a high-growth area, with approximately 199,462 residents and an average household income of approximately $142,301 within a 5-mile radius, further enhances its long-term value. Future development plans for Mountain View Village include additional retail, office, medical, hotel space, and a Trax Line transit extension, promising continued growth and increased property value. The property's APN is 273-145-200-500-00.

Location Insight

City

Riverton

County

Salt Lake

State

Utah

Longitude

-111.993

Latitude

40.5089