Hurricane, UT - L&G Auto Sales

Highlights:

• The tenant, Ahern Rentals, Inc., subleases the site to L&G Auto Sales, LLC, on a month to month lease
• Property is zoned Highway Commercial, allowing for a wide variety of potential uses
• Site encompasses 3.90 total acres
• Excellent visibility and significant street frontage along State Highway 9 (37,000 VPD)
• Surrounding area receives a significant economic boost from the 5M+ annual visitors drawn by Zion National Park,
• $111,789 average household income within 1-mile of the site

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN, freestanding, L&G Auto Sales investment property located in Hurricane, Utah. The tenant, Ahern Rentals, Inc., subleases the site to L&G Auto Sales, LLC, on a month to month lease. The current lease is NNN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. Furthermore, the property is zoned Highway Commercial, allowing for a wide-range of potential uses.

The subject property is strategically positioned along W. State Street/State Highway 9 (37,000 VPD), the primary retail thoroughfare serving the immediate area. The highway features national/credit tenants including Tractor Supply Co., Walgreens, McDonalds, Wendy’s, and Arby’s. Moreover, the State Highway is frequently utilized by tourists traveling to the Zion National Park. The world-famous tourist attraction receives 5M+ annual visits, providing a significant economic boost to the surrounding area. The city of Hurricane has experienced significant growth in its residential population throughout the last decade, and is forecasted to continue such trend in the future due to its unique blend of outdoor recreation activity and suburban community. The consistent growth of the residential community and school systems, highlighted by Hurricane High School (1,200+ students) 1-mile from the property, has generated strong demand for additional commercial and retail in the city. The 5-mile trade area is supported by a population of over 28,700 residents and 5,500 employees with an average household income of $111,789 within 1-mile of the site.