Available $1,200,000 - Retail - Single Tenant
Investment Offering & Highlights
- 5-year lease with 2 five year options to renew at fair market
- Long term occupancy at this location – since 2003
- Over $59 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 WELLS FARGO with three drive-thru lanes plus a drive thru ATM and ample parking. They have been at this location since 2003.
Leased to WELLS FARGO, recently renewed for 5 years. The lease is triple net with the tenant responsible for expenses including taxes, insurance and all maintenance including roof, walls, foundation and parking lot. There are 2 five year options to renew the lease at fair market.
Please use the following link to access the full OM: https://www.crexi.com/properties/407208/utah-wells-fargo-bank-sandy-ut