RICHFIELD - LoopNet · 2019. 3. 12. · RICHFIELD: SALE LEASEBACK 499 SOUTH MAIN STREET RICHFIELD,...

RICHFIELD: SALE LEASEBACK499 SOUTH MAIN STREETRICHFIELD, UTAH 84701

GARRETT [email protected] 801.727.4414View Profile

SCOTT BRADY [email protected] 801.456.8804View Profile

Mountain West Commercial Real Estate has been retained on an exclusive basis to market the property described as 499 South Main Street, Richfield Utah, 84701. Broker has been authorized by seller of the property to prepare and distribute the enclosed information for the purpose of soliciting offers to purchase from interested parties. More detailed financial, title and tenant lease information may be made available upon request following the mutual execution of a letter of intent or contract to purchase between the Seller and the prospective purchaser. You are invited to review this opportunity and make an offer to purchase based upon your analysis. If your offer results in the Seller choosing to open negotiations with you, you will be asked to provide financial references. The eventual purchaser will be chosen based upon an assessment of price, terms, ability to close the transaction and such other matters as the Seller deems appropriate.

The Material is intended solely for the purpose of soliciting expressions of interest from qualified investors for the acquisition of the Property. The Material is not to be copied and /or used for any other purpose or made available to any other person without the express written consent of Broker or Seller. The Material does not purport to be all-inclusive or to contain all of the information that a prospective buyer may require. The information contained in the material has been obtained from the Seller and other sources and has not been verified by the Seller or its affiliates, agents, representatives, employees, parents, subsidiaries, members, managers, partners, shareholders, directors, or officers, makes any representation or warranty regarding such pro forma. Purchaser must make its own investigation of the Property and any existing or available financing, and must independently confirm the accuracy of the projections contained in the pro forma.

Seller reserves the right, for any reason, to withdraw the Property from the Market. Seller has no obligation, express or implied, to accept any offer. Further, Seller has no obligation to sell the Property unless and until the Seller executes and delivers a signed agreement of purchase and sale on terms acceptable to the Seller, in its sole discretion. By submitting an offer, a purchaser will be deemed to have acknowledged the foregoing and agreed to release Seller and Broker from any liability with respect thereto.

Property walk-throughs are to be conducted by appointment only. Contact Broker for additional information.

CONFIDENTIALITYAND DISCLOSURE



PREPARED BY

499 SOUTH MAIN STREETRICHFIELD, UTAH 84701

RICHFIELD:SALE LEASEBACK

2136 East South Temple, Suite 850 l Salt Lake City, UT 84111 l Office 801.456.8800 l www.mtnwest.com

499 SOUTH MAIN STREET, RICHFIELD

TABLE OF CONTENTS

PROPERTY FEATURES & LAND OVERVIEW

6EXECUTIVE SUMMARY

4 RETAIL MAPS

7 TENANT PROFILES

8 DEMOGRAPHICS 9



EXECUTIVE SUMMARY

PURCHASE PRICE $462,857.14

NOI $32,400.00

CAP RATE 7%

CURRENT OCCUPANCY 100%

TOTAL GLA (SF) 2,073

TOTAL LAND SIZE (ACRES) 0.58

PRICE/SF $223.28

NNN $400.00 / Month

ANNUAL BASE RENT $32,400.00

MONTHLY BASE RENT $2,700.00

5 YEAR LEASEBACK GUARANTEED BY ENSIGNAL, INC. DBA ENSIGNAL WIRELESS AT $15.63 PSF NNN

INVESTMENT SUMMARY



Location: 499 South Main Street Richfield, Utah 84701

Land Area: Consists of 1 parcel totaling approximately 0.58 acres or 25,264.8 SF

Building Area: The subject property consists of one (1) retail buildings totaling approximately 2,073 SF of gross leasable area.

Parking: 22 spaces total 10.6/1,000 SF parking ratio

Frontage & Access: Access points to the center include one (1) entrance off of 500 South, one of which is signalized.

Traffic Counts: Main Street 17,000 cars/day 500 South 1,600 cars/day 400 South 940 cars/day

PROPERTY FEATURES & LAND OVERVIEW

^̂

520 S

100

E

480 S

600 S

400 S

500 S

MA

IN S

T

400 S 940 ADT

1,600 ADT

17,0

00 A

DT

F:\Projects\SL\Blomquist\Ensignal\RichfieldParcel.mxd - 1/17/2019 lplant

499 SOUTH MAIN STREETRICHFIELD, UTAH

APN # ADDRESS ACRES SF

1-15-14 499 South Main Street 0.58 2,073

0.58 2,073

PROPERTY FEATURES



^̂%&'70

ANNABELLA RD

MA

IN S

T

HWY

120

HWY

118

300 N

400 S

1300 S

940 ADT

13,0

00 A

DT

2,200 ADT 6,800 ADT3,100 ADT

740

AD

T

8,300 ADT

2,700 ADT

5,90

0AD

T

900 ADT

450

AD

T

5,60

0 AD

T

930 ADT1,300 ADT

10,0

00 A

DT

850ADT

1,500 ADT

840 ADT

1,60

0 A

DT

5,000 ADT

17,0

00 A

DT

2,60

0 ADT

2,700 ADT

6,40

0 AD

T

37

F:\Projects\SL\Blomquist\Ensignal\RichfieldTenants.mxd - 1/21/2019 lplant

499 SOUTH MAIN STREETRICHFIELD, UTAH

SITE

RETAIL MAP

TENANT PROFILES

AboutEnsignal is your vocal and local Premium Verizon Wireless Retailer and has provided its customers with communication solutions for over 50 years.

Company OverviewWith 100+ locations in Arizona, California, Colorado, New Mexico, Nevada, South Dakota, Utah, and Wyoming, Ensignal is all about being your vocal and local friends that sell Verizon phones and service.

Click on the link below to find a location near you. http://ensignal.com/locations/

AwardsVerizon Wireless West Area Highest Pull Through Percentage - 2014

ProductsEnsignal is a premier Verizon Wireless Retailer.

• Cell Phones• Smartphones• Wireless Internet Solution• Tablets• Large selection of phone accessories

From:Motorola, LG, Samsung, Apple, HTC, Jabra, Casemate, Skullcandy and more.

WEBSITE ensignal.com

OWNERSHIP Ensignal, Inc. A Verizon authorized retailer

LOCATIONS 100+ Locations

HEADQUARTERS Wichita, KS



DEMOGRAPHICS

1 Mile 3 Miles 5 Miles

2018 5,602 8,073 9,882

2023 5,751 8,283 10,146

1 Mile 3 Miles 5 Miles

2018 $52,587 $57,289 $59,346

2023 $56,058 $60,648 $63,254

POPULATION

AVERAGE HOUSEHOLD INCOME

$

BUFFERS - 1, 3, 5 MILES

Annabella

Glenwood

CentralValley

Richfield

Elsinore

70300 N

CENTER ST

ANNABELLARD

HWY

120

MA

INST

400 S

100 N

HWY 258

HWY 118

1300 S

HWY 119

SEVIER RIVER RD

F:\Projects\SL\Blomquist\Ensignal \RichfieldR ings.mxd - 2/11/2019 mliapis

5 Mi l es

3 M i l es

1 M il e

S i t e



136 E. South Temple, Suite 805 l Salt Lake City, UT 84111 l Office 801.456.8800 www.mtnwest.com



PREPARED BY

RICHFIELD - LoopNet · 2019. 3. 12. · RICHFIELD: SALE LEASEBACK 499 SOUTH MAIN STREET RICHFIELD,...

Documents

Transcript of RICHFIELD - LoopNet · 2019. 3. 12. · RICHFIELD: SALE LEASEBACK 499 SOUTH MAIN STREET RICHFIELD,...