135 E Main St | American Fork, UT 84003
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135 E Main St
American Fork, UT 84003
Albertson's (Fresh Market Sublease) · Retail Property For Sale
Investment Highlights
- Original Absolute NNN 30-Year Albertsons Lease with 3.3 Years Remaining in Salt Lake City CSA
- Tenant Purchase Option with Unique Landlord Option to Require Purchase by Tenant, Both at a Strike Price of $3,574,059 in the Last Year of Lease
- Potential Ability for Tax Write Off for Difference Between Purchase Price and Set Buyout Price in 3 Years
- Subleased to Fresh Market, Associated Food Stores-Owned Regional Operator with 13 Locations in Utah
- Priced Based on the NPV (5.75% Discount Rate) of both the Rent for the Remainder of Base Term and the Purchase Option Price
- Absolute NNN Lease – Zero Landlord Responsibilities
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
44,844 SF
Building Class
B
Year Built
1995
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.22
Lot Size
4.61 AC
Parking
265 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 34-201-0004 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $7,708,800 |
PROPERTY TAXES
Parcel Number
34-201-0004
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$7,708,800
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