TITLE:
Two Tenant Utah Retail
CONTROL:
Exclusive
VALUE:
$600,000
LOAN:
$185,116
EQUITY:
$414,884
TYPE:
Retail/Commercial
HAVE:
3,000 sq ft, renovated retail building in rapidly growing small Utah town, 15 miles from Snow College, 1 hr from "Silicon Slopes" & Provo (multiple universities). Leases until 2027 & 2028 with existing tenants who want to stay. 3% & 4% annual increases
ADDRESS:
509 W Main St, Mt Pleasant, Utah
BENEFITS TO NEW OWNER:
Cashflow from good local tenants, easy to own, sellable in open market
GROSS SCHEDULED INCOME:
$47,898 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$47,898
EXPENSES:
$0
NOI:
$47,898
DEBT SERVICE:
$14,292
CASH FLOW:
$33,606
CAP RATE:
7.98%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$185,116
$1,191
5%
02/01/2030
Yes
BENEFITS SOUGHT:
Exchange up into larger asset and/or more passive.
CAN ADD:
Cash, Signature, Equities. Ask.
REMARKS:
2016 - roof, A/C, sheet rock, flooring, paint, trim, windows, doors. Vape store & collectors boutique shop tenant mix. New paved parking lot. It's the only vape license in county - license tied to the building - never leave. NNN leases.
COUNSELOR:
Tyler Nepote
Wedgewood Capital Partners
125 N Market Ste 1735
Wichita, Kansas, 67202
