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US Foods Chef’Store | Salt Lake City, UT 370 W Paxton Ave

21,657 SF Retail Building Salt Lake City, UT 84101 $5,717,000 ($264/SF) 6.50% Cap Rate

Retail Buildings Utah Salt Lake City 370 W Paxton Ave, Salt Lake City, UT 84101

Investment Highlights

  • Grocer/Kitchen Supply - Owned by US Foods (NYSE: USFD)
  • Strong Sales - Below Market Rent
  • 317K Residents Within 5 Miles - 2.89% Annual Population Growth
  • Junior Anchor to Target Anchored Shopping Center
  • Seven (7.3) Years Remaining - 9% Increases Every 5 Years
  • Adjacent to Luxury Apartments - 5 Minutes to Downtown Salt Lake

Executive Summary

US Foods Chef’Store is the go-to food and kitchen supply store and warehouse for restaurants and home cooks across the country. Chef’Store is owned by US Foods (NYSE: USFD) and operates 90+ locations in 13 states.

Property Facts Under Contract

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
21,657 SF
Building Class
B
Year Built
2016
Price
$5,717,000
Price Per SF
$264
Cap Rate
6.50%
NOI
$371,634
Tenancy
Single
Building Height
1 Story
Building FAR
0.37
Lot Size
1.33 AC
Zoning
CG - Commercial
Parking
86 Spaces (3.97 Spaces per 1,000 SF Leased)

Amenities

  • Air Conditioning

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • US Foods Chef'Store
  • -
  • -
  • -
  • Double Net
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
US Foods Chef'Store - - - Double Net -

Links

1 of 1
Walk Score®
Very Walkable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Starbucks
KeyBank
Pure Barre
Smith's Food & Drug Center Pharmacy
U.S. Bank
Bank of America
Jazzercise
CrossFit
TacoTime
Mountain America Credit Union

PROPERTY TAXES

Parcel Numbers
Multiple
  • 15-12-380-013-0000
  • 15-12-331-009-0000
 Improvements Assessment $9,913,900
Land Assessment $5,882,500 Total Assessment $15,796,400

PROPERTY TAXES

Parcel Numbers
Multiple
  • 15-12-380-013-0000
  • 15-12-331-009-0000
Land Assessment
$5,882,500
Improvements Assessment
$9,913,900
Total Assessment
$15,796,400
(801) 869-8038

Contact

  • Listing ID: 33003968

  • Date on Market: 8/29/2024

  • Last Updated:

  • Address: 370 W Paxton Ave, Salt Lake City, UT 84101

More public record information on 370 W Paxton Ave, Salt Lake City, UT 84101

The Retail Property at 370 W Paxton Ave, Salt Lake City, UT 84101 is currently available for sale. Contact CBRE for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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370 W Paxton Ave, Salt Lake City, UT for sale Building Photo- Image 1 of 7
US Foods Chef’Store - SL Images (1)
370 W Paxton Ave, Salt Lake City, UT for sale Building Photo- Image 2 of 7
US Foods Chef’Store - SL Images (2)
370 W Paxton Ave, Salt Lake City, UT for sale Building Photo- Image 3 of 7
US Foods Chef’Store - SL Images (3)
370 W Paxton Ave, Salt Lake City, UT for sale Building Photo- Image 4 of 7
US Foods Chef’Store - SL Images (4)
370 W Paxton Ave, Salt Lake City, UT for sale Building Photo- Image 5 of 7
US Foods Chef’Store - SL Images (5)
370 W Paxton Ave, Salt Lake City, UT for sale Building Photo- Image 6 of 7
US Foods Chef’Store - SL Images (6)

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US Foods Chef’Store | Salt Lake City, UT | 370 W Paxton Ave
(801) 869-8038 x

US Foods Chef’Store | Salt Lake City, UT | 370 W Paxton Ave

Brian Anderson

(801) 869-8038

(801) 869-8038

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