property features for sale · 376 east 400 south, suite 120 l salt lake city, utah 84111 l...

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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 offi ce. 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

13,329 SF5.426 TOTAL ACRES

FORsale

• Built in 2017

• 13,329 SF

• 5.426 Total Acres- 4 Acres of which is

Developable Land

• Highest Traffi c Count in Salt Lake County

PROPERTY FEATURESPROFORMA

Rent Income $372,712

Vacancy and Reserves (3%) $(11,181)

Net Operating Income $361,531

Cap Rate 6.50%

Net Purchase Price $5,562,010

Vacant Land(Approx 4 Acres - $400k/Acre) $1,600,000

Gross Purchase Price $7,162,010

BRYCE [email protected]

VACANT LAND





NFr

ance

sco’

s

5400 South5400 South

Red

woo

d R

oad

Red

woo

d R

oad

35,7

50 c

ars/

day

35,7

50 c

ars/

day

41,260 cars/day41,260 cars/day

Penn

y A

nn’s

C

afe

Cal

l Cen

ter

13,329 SFNew Building

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

Vacancy 8,929 $28.00 $20,834 $250,012 Multiple Pending Deals on this space

LOT 6 TOTAL 13,329 $31,059 $372,712

Sport Clips, Inc. off ers haircut services for men and boys. It off ers hot steamed towel treatment, relaxing neck and shoulder massage, scalp massage, and massaging shampoo services. The company also off ers hair care and styling products. In addition, it off ers franchising services. Sport Clips, Inc. was founded in 1993 and is headquartered in Georgetown, Texas with locations in the United States.

www.sportclips.com1,000+ LocationsFranchisee

Vietnamese Cuisine





N

5400 South

Redw

ood Road

215



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’s

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-fi l-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.

property features for sale · 376 east 400 south, suite 120 l salt lake city, utah 84111 l...

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