1125 Midtown Xing Layton, UT 84041
- Retail properties
- 2,538 SF
- 0.49 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1125 Midtown Xing
- Year built
- 2024
- Lot size
- 0.49 lot acres
- Property size
- 2,538 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
This exceptional investment opportunity presents a newly constructed (2024), 2,538 square foot Valvoline oil change facility in Layton, Utah. Located at 1125 Midtown Crossing, this property boasts a prime location near Interstate 15, ensuring high visibility and accessibility. The property is situated on a 0.486-acre lot and is zoned C-H. Currently operating under a 15-year ground lease (expiring January 31, 2039) with a strong franchisee tenant, this Net Lease (NNN) investment offers a stable and secure income stream. The lease commenced February 1, 2024, with a current annual net operating income (NOI) of $75,000, representing a 5.00% cap rate and a price per square foot of $591.02. The asking price is $1,500,000. Rent increases are built in, with a 10% bump every five years, providing consistent growth potential. This low-maintenance asset is ideal for investors seeking a reliable and profitable investment with a well-established national brand tenant. The property offers 100% occupancy.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Layton
- County
- Davis
- State
- Utah
- Longitude
- -111.986
- Latitude
- 41.0793
