PROPERTY FEATURES FOR sale€¦ · sale • Built in 2017 • 13,329 SF • 5.426 Total Acres - 4...
Transcript of PROPERTY FEATURES FOR sale€¦ · sale • Built in 2017 • 13,329 SF • 5.426 Total Acres - 4...
FOR MOREINFORMATION
CONTACT
This statement with the information it contains is given with the understanding that all negotiations relating to the purchase, renting or leasing of the property described above shall be conducted through this offi ce. The above information while not guaranteed has been secured from sources we believe to be reliable.
376 East 400 South, Suite 120 l Salt Lake City, Utah 84111 l 801.578.5555 l www.ngacres.com
LEGACY PLAZA AT 54TH
1758 West 5400 South, Taylorsville, Utah 84118
13,329 SF5.426 TOTAL ACRES
FORsale
• Built in 2017
• 13,329 SF
• 5.426 Total Acres- 4 Acres of which is
Developable Land
• Highest Traffi c Count in Salt Lake County
PROPERTY FEATURESPROFORMA
Rent Income $370,687
Vacancy and Reserves (3%) $(11,121)
Net Operating Income $359,566
Cap Rate 6.50%
Net Purchase Price $5,531,791
Vacant Land(Approx 4 Acres - $400k/Acre) $1,600,000
Gross Purchase Price $7,131,791
BRYCE [email protected]
VACANT LAND
This statement with the information it contains is given with the understanding that all negotiations relating to the purchase, renting or leasing of the property described above shall be conducted through this offi ce. The above information while not guaranteed has been secured from sources we believe to be reliable.
376 East 400 South, Suite 120 l Salt Lake City, Utah 84111 l 801.578.5555 l www.ngacres.com
LEGACY PLAZA AT 54TH
1758 West 5400 South, Taylorsville, Utah 84118
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5400 South5400 South
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41,260 cars/day41,260 cars/day
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TENANT SF $ PSF MONTHLY ANNUAL LEASESTART DATE LED ESCALATIONS COMMENTS
LOT 6
Vacant Land (approx 4 Acres) - See valuation/pricing $- $-
Sports Clips 1,500 $32.50 $4,063 $48,750 12/1/2016 11/30/2021 10% increase Year 5Two (5) year options to renew at 10% increases
every 5 years
Vietnamese Cuisine 2,900 $25.50 $6,163 $73,950 5/1/2017 10/30/20272% annually (fi rst six months are abated. First bump is in
month 25 - annual thereafter)
Two (5) year options to renew at 2% annual
increases
Cricket 1,350 $26.50 $2,981 $35,775 5/1/2017 4/30/2022Three (5) year options
to renew at 10% increases every 5 years
Vacancy 7,579 $28.00 $17,684 $212,212 Multiple Pending Deals on this space
LOT 6 TOTAL 13,329 $30,891 $370,687
Sport Clips, Inc. off ers haircut services for men and boys. It off ers hot steamed towel treatment, relaxing neck and shoulder massage, scalp massage, and massaging shampoo services. The company also off ers hair care and styling products. In addition, it off ers franchising services. Sport Clips, Inc. was founded in 1993 and is headquartered in Georgetown, Texas with locations in the United States.
www.sportclips.com1,000+ LocationsFranchisee
13,329 SF New Building
Vietnamese Cuisine
This statement with the information it contains is given with the understanding that all negotiations relating to the purchase, renting or leasing of the property described above shall be conducted through this offi ce. The above information while not guaranteed has been secured from sources we believe to be reliable.
376 East 400 South, Suite 120 l Salt Lake City, Utah 84111 l 801.578.5555 l www.ngacres.com
LEGACY PLAZA AT 54TH
1758 West 5400 South, Taylorsville, Utah 84118
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5400 South5400 South
Redw
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26,515 cars/day26,515 cars/day41,260 cars/day41,260 cars/day
35,750cars/day
35,750 cars/day62,770
cars/day62,770 cars/day
66,850cars/day
107,700 cars/day107,700 cars/day
95,785 cars/day
95,785 cars/day
Family Center DriveFamily Center Drive
1500W
est1500 W
estFrancesco’s
Apollo Burger
West ValleyHobby
Virg’s
King Buffet Tobacco 4 Less
Taylorsville Eyebrow ThreadingSchmidt’s Pastry Cottage
Shirlyn’sSynergy Staffi ng
1,900 Students
Insideus Vapors
The Launderette
PROPOSED
PROPOSED
PROPOSED
PennyAnn’s Cafe
LOCATIONThe dynamic intersection of 54th and Redwood features some of the best co-tenants in the state on 3 corners, in addition to Taylorsville HS on the NE corner. The list includes Starbucks, McDonald’s, Guitar Center, Regal Cinema’s, Petsmart, Chick-fi l-a, Cafe Rio, Harmons Grocery, f.y.e., Ross Dress for Less, Texas Roadhouse, Game Stop, Chase Bank, Applebee’s, The Old Spaghetti Factory, and a myriad of others. Walmart Supercenter is adjacent to the property with numerous large multi-family complexes, residential developments, and Salt Lake Community College within close proximity.