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FOR MOREINFORMATION
CONTACT
This statement with the information it contains is given with the understanding that all negotiations relating to the purchase, renting or leasing of the property described above shall be conducted through this office. The above information while not guaranteed has been secured from sources we believe to be reliable.
376 East 400 South, Suite 120 l Salt Lake City, Utah 84111 l 801.578.5555 l www.ngacres.com
LEGACY PLAZA AT 54TH
1758 West 5400 South, Taylorsville, Utah 84118
BRYCE [email protected]
13,329 SF5.426 TOTAL ACRES
FORsale
VACANT LAND
• Built in 2017
• 13,329 SF
• 5.426 Total Acres- 4 Acres of which is
Developable Land
• Seller to Provide Guaranty While Building Finishes Lease-Up
• Located on the Highest Traffic Count Intersection in Salt Lake County
PROPERTY FEATURESPROFORMA
Rent Income $363,108
Vacancy and Reserves (5%) $(10,893)
Net Operating Income $352,215
Cap Rate 6.50%
Net Purchase Price $5,418,689
Vacant Land(Appox 4 Acres - $400k/Acre)
$1,600,000
Gross Purchase Price $7,018,689
This statement with the information it contains is given with the understanding that all negotiations relating to the purchase, renting or leasing of the property described above shall be conducted through this office. The above information while not guaranteed has been secured from sources we believe to be reliable.
376 East 400 South, Suite 120 l Salt Lake City, Utah 84111 l 801.578.5555 l www.ngacres.com
LEGACY PLAZA AT 54TH
1758 West 5400 South, Taylorsville, Utah 84118
Imagery ©2018 , DigitalGlobe, State of Utah
5400 South
Red
woo
d R
oad
35,7
50 c
ars/
day
41,260 cars/day
Penn
y A
nn’s
C
afe
Cal
l Cen
ter
TENANT SF $ PSF MONTHLY ANNUAL LEASESTART DATE LED ESCALATIONS COMMENTS
LOT 6
Vacant Land (approx 4 Acres) - See valuation/pricing
Sports Clips 1,500 $32.50 $4,063 $48,750 12/1/2016 11/30/2021 10% increase Year 5 Two (5) year options to renew at 10% increases every 5 years
Vietnamese Cuisine 2,900 $25.50 $6,163 $73,950 5/1/2017 11/30/2027 2% annually. First bump is in month 25 - annual thereafter.
Two (5) year options to renew at 2% annual increases.
Cricket Wireless 1,350 $26.50 $2,981 $35,775 8/1/2017 7/31/2022 Three (5) year options to renew at 10% increases every 5 years
Proposed Boost Mobile 1,364 $27.00 $3,069 $36,828 Estimated 5/1/2018
Estimated 4/30/2023 3% annually One (5) year option at FMV
Vacancy 6,215 $27.00 $13,984 $167,805 Multiple Pending Deals on this space
LOT 6 TOTAL 13,329 $30,259 $363,108
SOLD
SOLDSOLDUnder Contract
13,329 SF New BuildingFr
ance
sco’
s
Sport Clips, Inc. offers haircut services for men and boys. It offers hot steamed towel treatment, relaxing neck and shoulder massage, scalp massage, and massaging shampoo services. The company also offers hair care and styling products. In addition, it offers franchising services. Sport Clips, Inc. was founded in 1993 and is headquartered in Georgetown, Texas with locations in the United States.
www.sportsclips.com1,000+ LocationsFranchisee
Cricket Wireless is a prepaid wireless service provider in the United States. Cricket Wireless offers voice, text, and data and is a wholly owned subsidiary of AT&T.
www.cricketwireless.comSubsidiary of AT&T
This statement with the information it contains is given with the understanding that all negotiations relating to the purchase, renting or leasing of the property described above shall be conducted through this office. The above information while not guaranteed has been secured from sources we believe to be reliable.
376 East 400 South, Suite 120 l Salt Lake City, Utah 84111 l 801.578.5555 l www.ngacres.com
LEGACY PLAZA AT 54TH
1758 West 5400 South, Taylorsville, Utah 84118
Imagery ©2017 , DigitalGlobe, State of Utah, USDA Farm Service Agency
0 0.1 0.2Mi les
376 East 400 South, Suite 120 l Salt Lake City, Utah 84111Offi ce 801.578.5555 l Fax 801.578.5500
Map Data and/or Imagery Courtesy of Google, UDOT (2015)www.ngacres.com
5400 South Redwood RoadTaylorsville, Utah
5400 South
Redw
ood Road
215
26,515 cars/day41,260 cars/day
35,750 cars/day62,770 cars/day
66,850 cars/day
107,700 cars/day
95,785 cars/day
Family Center Drive
1500 West
Francesco’s
Apollo Burger
West ValleyHobby
Virg’s
King Buffet Tobacco 4 Less
Taylorsville Eyebrow ThreadingSchmidt’s Pastry Cottage
Shirlyn’sSynergy Staffi ng
1,900 Students
Insideus Vapors
The Launderette
PROPOSED
PROPOSED
PROPOSED
Penny Ann’s Cafe
LOCATIONThe dynamic intersection of 54th and Redwood features some of the best co-tenants in the state on 3 corners, in addition to Taylorsville HS on the NE corner. The list includes Starbucks, McDonald’s, Guitar Center, Regal Cinema’s, Petsmart, Chick-fil-a, Cafe Rio, Harmons Grocery, f.y.e., Ross Dress for Less, Texas Roadhouse, Game Stop, Chase Bank, Applebee’s, The Old Spaghetti Factory, and a myriad of others. Walmart Supercenter is adjacent to the property with numerous large multi-family complexes, residential developments, and Salt Lake Community College within close proximity.
