Uintah Plaza Shopping Center | Strong Tenant Commitment

$3,805,000

1149 West Highway 40, Vernal, UT 84074

For Sale

Retail Neighborhood Center

Active

Last Updated: 07/08/2021

Details:

Cap Rate: 8.5%

NOI: $323,449

Cash-on-Cash: 10.93%

Building Size: 40,328 sqft

Lot Area: 3.15 acres

Occupancy: 96.06%

Zoning: CP2 – Planned Commercial

Highlights:

High Returns
Upside in the Rent Growth
New Anchor Tenants - Harbor Freight
Strong Tenant Commitment
Rebounding Economy
Sleeping Giant
Trade Area

Description:

Site:
Located on the Southwest side Highway 40 (Main Street), between 500 South and 300 South, and borders 1170 West on the West end of property; EXCLUDES: Arby’s pad

Land Area:
Uintah Plaza consists of two (2) parcels totaling approximately 3.15 acres or 137,214 SF of land area.

Building Area:
Uintah Plaza is made up of two (2) retail buildings, totaling approximately 40,328 SF of gross leasable area.

Parking:
The subject property provides 110 regular parking stalls, with 2 ADA stalls, totaling 112 parking stalls, which equates to 2.78 spaces per 1,000 SF parking ratio. Cross easement parking is available with the main parking lot of the center.

Frontage & Access:
The property has approximately 880 lineal feet of frontage along Highway 40 (Main Street.) Access points to the center include two (2) entrances off Highway 40 (Main Street), one (1) entrance off 500 South, via 1170 West

Traffic Counts:
Highway 40 (Main Street) – 23,455 cars/day

Map:

Documents:

	Title
	Offering Memorandum

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