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5586-5596 S Redwood Rd, Taylorsville, UT 5616-5646 S Redwood Rd, Taylorsville, UT
The Crossroads of Taylorsville Outparcels
Asset ClassRetail
Deal Size$11.93 M
Cap Rate: 6.03%Occupancy: 100%Access Data Room
3-TENANT QSR BUILDING | SHERWIN WILLIAMS SHOPS (6-TENANTS)
overview of deal

Overview

COMBINED PRICING:

Price: $11,925,000

Cap Rate: 6.03%

NOI: $719,399

*also available individually

Access the Data Room

Investment Highlights

Sherwin Williams Shops - 5616 - 5646 S Redwood Rd, Taylorsville, UT

 

  • 100% Leased, No Near Term Lease Expirations
  • KPOT - High Performing Location, Paying Substantially Below Market Rent
  • Only Three Tenants Have Fixed Rate Options
  • Potential End Cap Drive-Thru Use

 

Panda Express, Jersey Mike's, and First Watch - 5586 - 5596 S Redwood Rd, Taylorsville, UT

 

  • All Tenants Are QSR with One End Cap Drive-Thru Lane
  • New 13-YEAR Lease With First Watch
  • 8.76 WALT
  • High Performing Jersey Mikes (4.26% Occupancy Cost)

 

Location Highlights:

 

  • Shadow Anchored by Target (With Grocery)
  • Extremely Low Vacancy, Landlord Friendly Market
  • Structural Undersupply in SLC Supports Sustained Rent Growth
  • Irreplaceable Signalized Hard Corner Visibility Near Utah's Busies Intersection
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5586-5596 S Redwood RdTaylorsville, UT 84123

Listed By:

Adam LewisUT Broker of Record

License #: 6250302-PB00

(303) 328-2000adam.lewis@marcusmillichap.com
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Listing provided by Revere CRE