Riverdale Road Retail NNN Investment

Riverdale Road Retail NNN Investment

Riverdale, UT
County: Weber

Craig Boyer

Ogden, UT
Direct: (801) 784-5321
Fax: (801) 525-9596

Additional Info & Materials

Building Information

Building Sq. Ft. 163,989
Available Sq. Ft. N/A
Largest Contiguous N/A
Smallest Divisible N/A
Center Type N/A
Land AC 13.71
Zoning C-3
Area Northern Utah / Weber
Status Existing
Year Built N/A
Multi-Tenant N/A
Anchor Tenants Honda Dealership, Petersen Marine, Enterprise Rent A Car
Parcel Number 060160140, 0029, 0141, 0120, 0076, 0091
Parking N/A
Floors 1
Buildings 3
Sprinkler N/A

Investment Summary

Cap Rate (%) 8.00
Sale Conditions N/A
Price $16,000,000
Price/SF $97.00

Property Description


Space Description

The investment offering provides the opportunity to acquire major retail property located on Riverdale road which is one of the most traveled roads in Utah. It is not often that any Riverdale road frontage becomes available for purchase, especially 439 feet of frontage. The property consists of three automotive related properties which are 100% leased. The offering has a total of 13.71 acres with a combined 163,989 square feet of building. The buildings are all in very good condition, especially the dealership which recently completed a $3 million renovation. The properties are well located with great access to both Interstate 84 and Interstate 15. The offering is located in Riverdale City. Riverdale’s strategic location has made it the regional shopping district of Northern Utah. The Riverdale road corridor is home to top national retail and dining establishments along with many small businesses. It is also the major corridor into the Ogden, Utah area which has become a magnet for national and international recreational companies that have provided national media attention to the area. In 2013, Governor Herbert named Riverdale as a “Utah Governor’s Business Friendly Community.”
This statement with the information it contains is given with the understanding that all negotiations relating to the purchase, renting, or leasing of the property described herein shall be conducted through this office. The above information while not guaranteed has been secured from sources we believe to be reliable.