2642 2000th W Clinton, UT 84015-9357

Property Details for 2642 2000th W

Year built

2018

Lot size

3.86 lot acres

Property size

50,432 SF

Zone code

R-1-15

Property type

Individual retail properties

APN

13-286-0004

APU

132860004

Description

This exceptional investment opportunity presents a fee-simple ownership of a 50,000 square foot VASA Fitness center in Clinton, Utah. Located within a thriving grocery-anchored shopping center off N 2000 West, this single-tenant property boasts a strong 100% occupancy rate and a long-term net lease with VASA Fitness, a top 20 national health club chain. The lease, expiring February 13, 2033, includes a remaining term of 8.2 years with favorable 10% rent bumps every 5 years and three 5-year renewal options. The property features 321 parking spaces and sits on a 3.86-acre lot. Built in 2018, this build-to-suit facility benefits from high daily traffic counts exceeding 21,158 vehicles. The property's strong financial performance is reflected in its $11,406,029 asking price, $228.12 price per square foot, and a 6.75% cap rate, generating a net operating income (NOI) of $769,907. Situated in the Salt Lake City MSA, this location benefits from rapid population and employment growth, a favorable business environment, and a high-quality of life. The surrounding three-mile demographic area boasts a population exceeding 95,000 with an average household income over $81,000. This VASA Fitness location is a top performer, ranking among the top 6 in Utah and within the top 2% nationally in customer traffic. This is a rare opportunity to acquire a high-performing, stable investment in a prime location.

Location Insight

City

Clinton

County

Davis

State

Utah

Longitude

-112.062

Latitude

41.1522

CBSA code

36260

CBSA name

OGDEN-CLEARFIELD, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments