Lehi Pointe Panera 2204 Hudson Ave 3,844 SF Retail Building Lehi, UT 84043 $4,403,806 ($1,145.63/SF) 5.15% Cap Rate
INVESTMENT HIGHLIGHTS
- I-15 and Timpanogos Highway Frontage
- Proximity to major developments
EXECUTIVE SUMMARY
PRIME - NNN INVESTMENT OPPORTUNITY
NEW 10 – YEAR LEASE [SCHEDULED RENT INCREASES]
WELL KNOWN ESTABLISHED TENANT
NEW 10 – YEAR LEASE [SCHEDULED RENT INCREASES]
WELL KNOWN ESTABLISHED TENANT
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,844 SF
Building Class
B
Year Built
2025
Price
$4,403,806
Price Per SF
$1,145.63
Cap Rate
5.15%
NOI
$226,796
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.17 AC
Zoning
C - Commercial Zone
Parking
30 Spaces (7.8 Spaces per 1,000 SF Leased)
Frontage
160’ on Hudson Avenue
AMENITIES
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Panera Bread
- Retailer
- 3,844 SF
- $59.00
- Triple Net
- Mar 2035
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Panera Bread | Retailer | 3,844 SF | $59.00 | Triple Net | Mar 2035 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 67-185-0103 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,592,600 |
