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29257768
29257770

483 W 2310 N, Provo, UT 84604

TB
UT 8460820-CN00
TB
UT 5475414PB00
Thayne Bailey
Listed by Thayne Bailey
$5,800,000
155 days on market
Updated 155 days ago

Paul Mitchell The School

Details
Property Type Retail, Special Purpose
Sub Type School
Square Footage 10,608
Cap Rate 5.88%
NOI $340,864
Occupancy 100%
Tenancy Single
Brand/Tenant Paul Mitchell The School Provo
Lease Type NNN
Lease Term 26
Lease Expiration 03/13/2049
Remaining Term 22.7
Rent Bumps Yes
Lease Options Up to 26 consecutive 1-year options
Pro-Forma Cap Rate 5.88%
Pro-Forma NOI $340,864
Price per SqFt $547
Broker Co-Op Yes
Class A
Zoning Commercial
Parking Spaces 100 spaces
Parking Per SqFt 9.43
Investment Type Net Lease
Lease Commencement 03/13/2023
Occupancy Date 03/13/2023

Retail | 5.88% CAP | 10,608 SqFt

Marketing description

Offered for sale is a 10,608 SF single-tenant commercial building leased to a Paul Mitchell School location. The offering is for the real estate only. The operating business is not included. Constructed in 2022, the property features modern building systems and contemporary construction, minimizing near-term capital expenditure risk. The asset is secured by a Triple Net Lease, providing investors with a highly passive ownership structure where the tenant is responsible for taxes, insurance, and maintenance. This results in predictable cash flow and minimal management requirements. The property is situated in a robust Provo submarket within Utah County, an area renowned for its consistent population growth, a highly educated workforce, and a diverse economic base, anchored by major universities and the expanding Silicon Slopes tech corridor. Strong in-migration and limited availability of newer products continue to support long-term real estate fundamentals. This offering is ideal for investors seeking a low-maintenance, newer construction NNN asset in a high-growth Utah market. The lease terms can be renegotiated before the sale.

Please contact co-agent Terry Bailey at 801-404-6896 if you have any further questions.

Investment highlights

Listing Contacts

TB
UT 8460820-CN00
TB
UT 5475414PB00
Thayne Bailey
Listed by Thayne Bailey

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$340,864.00
$28,405.33/mo

Valuation Metrics

0
DSCR
5.88%
Cap Rate
5.88%
ROI

Map

Zoning

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SC3 CommercialNeighborhood CommercialRegional Shopping Center
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Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Terry Bailey
License
10441513-SA00
Brokerage Phone
801-404-6896
Title
Broker of Record
Name
Terry Bailey
License
8460820-CN00
Brokerage
Selling Utah Real Estate
Brokerage Phone
801-404-6896
Brokerage Address
532 East 800 North
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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