Prime Investment opportunity

Utah Retail Investment - 7% Cap Rate

The Opportunity

Price: $819,000
Cap Rate: 7%
Building Size: 5,573
Occupancy: 100%

This is an opportunity to own two retail stores in Utah that offer consistent cash flow and are leased with a corporate guarantor. Both buildings are occupied by a credit Verizon operator and are being offered at a 7% cap rate. The Nephi location has an additional residential building being offered as part of the property that isn’t indicated in the pro-forma and brings the cap rate up to 9.75% for the Nephi location. 

Please inquire for additional investment details.

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Credit Tenant

Russell Cellular is the corporate guarantor for both Verizon stores. Established in 1993, the company has experienced swift growth in recent years, adding over 246 stores between 2013 and 2018. The company continues to operate both metropolitan and rural market stores, focusing on providing the best wireless experience to every customer. 

With a credit tenant in place, a future owner can feel secure in their investment.

Upside Potential

There is a residential unit (recently vacated) adjacent to the Verizon Wireless that has been renting for $9,600 annually. The asking price is based on a 7% cap rate for the Verizon rent — if the residential component is factored in, the new owner can realize 9.75% returns on their investment with an occupied residential unit.

Property Highlights

$819,000

Tenancy: Credit tenant with leases secured for another ~3 years.

Upside Potential: Sale includes an additional residential unit not recognized in the pro-forma.

  • Strong Market
  • Credit Tenant
  • Excellent Location
  • Upside Potential

Offering Memorandum

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