Paul Mitchell The School
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.
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