1085 12th St Marriott Slaterville, UT 84404-5142
- Drive through restaurants
- 703 SF
- 0.62 lot acres
Current Use by Public Records
- Scooter's Coffee / Coffee Shop
Property Details for 1085 12th St
- Year built
- 2023
- Lot size
- 0.62 lot acres
- Property size
- 703 SF
- Property type
- Drive through restaurants
- APN
- 12-233-0001
- APU
- 122330001
Description
This exceptional investment opportunity presents a 678 sq ft Scooter's Coffee, built in 2023, situated on a 26,974 sq ft lot in Marriott-Slaterville, Utah (84404). The property boasts a prime location on a main arterial road with high visibility and traffic volume exceeding 40,000 vehicles per day. This single-tenant, absolute NNN ground lease features a strong franchisee tenant with a personal guarantee. The 10-year lease commenced June 1, 2023, and includes 10% rent bumps every five years, ensuring consistent income growth. The property is part of a thriving retail center, neighboring established businesses such as Burly Burger, State Farm, and Take 5 Car Wash, and is conveniently located near a major employer (Ogden IRS campus) and other retail giants including Winco Foods, Ross Dress for Less, and Home Depot. The asking price is $1,045,870, representing a 5.45% cap rate and significant value below estimated replacement costs. The property includes 6 parking spaces and is zoned C-2p. This is a rare opportunity to acquire a high-performing, low-maintenance asset in a strong growth market. The property's strong location, established tenant, and favorable lease terms make it an ideal addition to any investment portfolio. The building is a single-story structure. APN: 12-233-0001.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $360,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $590,000
- 6.5%
- $505,000
- 7%
- $550,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $490,000
- Geo Method
- $570,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $455,000
- Retail
- $630,000
- Mixed-Use
- $460,000
- Hospitality
- $505,000
- Educational
- $475,000
- Residential Income
- $580,000
- Energy
- $510,000
- Income-Based Land
- $540,000
- Food Service
- $580,000
Location Insight
- Map
- Local Demand
- City
- Marriott Slaterville
- County
- Weber
- State
- Utah
- Longitude
- -112.006
- Latitude
- 41.2442
- CBSA code
- 36260
- CBSA name
- OGDEN-CLEARFIELD, UT METROPOLITAN STATISTICAL AREA