Agent Photo
Lindsay Tripp
Summit Sotheby's International Realty
Summit Sotheby's International Realty home

668 500
668 500 American Fork, Utah 84003 United States

$2,425,000
 Get directions
 
See property flyer attached for marketing flyer. Single-tenant investment. Incredible location. Priced below replacement cost. 7 years left on 10-year lease with 2, 5-year options. NNN lease - Landlord only responsibilities are roof, asphalt, and...

Core Utah Real Estate

  • Real Estate Professional
151 N Main Street
St. George, Utah 84770 United States
Listing Courtesy of Core Utah Real Estate
$2,425,000
Change Currency
1.15 Acres
Exterior
Single Family Homes
Property type
2005
Year Built
1826401
Web Id
HOLMSTEAD CENTER
Subdivision
Alpine
School District
152
days ago

About 668 500

See property flyer attached for marketing flyer. Single-tenant investment. Incredible location. Priced below replacement cost. 7 years left on 10-year lease with 2, 5-year options. NNN lease - Landlord only responsibilities are roof, asphalt, and HVAC repair/replacement. New AC unit in 2019. Tenant pays taxes, insurance, CAMS, utilities, maintenance of HVAC, etc. Highly sought-after location and an easy property to re-let in the future, at rates that will be well above current rental rates. Rent from Sept 1, 2022 to Aug 31st, 2023 is $9,107 / mo NNN. Thereafter adjusts to $7,878mo/ NNN. Initial 4 years of lease included carryback from from landlord to tenant that burns off end of 4th year.

Listing Courtesy of Core Utah Real Estate ,WFR MLS
Listing Courtesy of Core Utah Real Estate

Core Utah Real Estate

Lindsay Tripp
  • Real Estate Professional
151 N Main Street
St. George, Utah 84770 United States
Listing Courtesy of Core Utah Real Estate
Contact Agent