Available $1,317,000 - Retail - Single Tenant
Investment Offering & Highlights
- 10-year (4 years remaining) lease with 2% rental increases every year
- Long term occupancy at this location – since 1999
- Over $109 million in deposits
- Pad to busy shopping center
- Free standing bank branch with three drive-thru lanes
- Over 292,012 people within 5 mile radius
- Average household income of over $105,872 within 2 mile radius
- On-site parking as well as shared parking with the rest of center
Cushman & Wakefield Net Lease Group in association with Rick Newton of Cushman and Wakefield, a Utah licensee is pleased to offer a freestanding retail building occupied by FINWISE BANK (formerly UTAH COMMUNITY BANK) with three drive-thru lanes and ample parking. They have been at this location since 1999.
Leased to FINWISE BANK for 10 years (4 years remaining) with increases every year throughout the primary lease term. The lease is triple net with the tenant responsible for the expenses including taxes, insurance and all maintenance including roof, walls, foundation and parking lot. There are no options to renew the lease.
Please use the following link to access the full OM: https://www.crexi.com/properties/407151/utah-finwise-bank-sandy-utah