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4043 Riverdale Road, Ogden, UT 84405

NC
UT 5497941-SA00
Newmark Mountain West
Listed by Newmark Mountain West
$9,528,300
45 days on market
Updated 9 days ago

4043 Riverdale Road

Details
Property Type Retail
Sub Type Storefront, Shopping Center
Square Footage 65,515
Units 2
Cap Rate 7%
NOI $666,981
Occupancy 100%
Tenancy Multi
Brand/Tenant Staples
Lease Type NNN
Lease Term 10
Lease Expiration 02/01/2036
Remaining Term 10
Rent Bumps Yes
Lease Options yes
Price per SqFt $145
Class A
Year Built 1980
Year Renovated 2019
Acreage 6.940
Zoning Commercial
Parking Spaces 5 per 1,000 sq ft
Investment Type Stabilized
Tenant Credit Credit Rated
Lease Commencement 02/01/2026
Ground Lease No
Sale Condition 1031 exchange

100% leased midbox.

Marketing description

HIGHLIGHTS

This is a rare opportunity to own a portion of the Riverdale Center, one of the strongest retail

centers in the trade area. This opportunity provides an investor the luxury of enjoying the

secure cashflow from two (2) national credit tenants in an area seeing positive growth and

continued redevelopment in Weber County. Adjacent to a new townhome development.

NATIONAL CREDIT TENANTS

Two (2) longstanding National credit tenants Ross and Staples. One of the strongest Ross

locations in the state on a new ten-year renewal and Staples on a new three- year renewal

in a very strong store.

BELOW MARKET RENT

Below market rents for a mid-box market that has seen very little vacancy.

POTENTIAL LONG-TERM REDEVELOPMENT

6.94 acres on Riverdale Road next to the Newgate Mall which is planned for redevelopment.

Enjoy stable rents while planning for long term growth.

MAJOR RETAIL HUB

Riverdale Road is one of the busiest roads in Utah with 55,708 ADT. Riverdale Road continues

to be the major retail hub for Weber County with the addition of national retailers Trader

Joes, Sierra Trading Post and Home Goods. These tenants have joined an already strong

lineup of national and regional tenants including Costco, Sam’s Club, Target, Walmart, TJ

Maxx, Best Buy, Old Navy, Michaels and Ulta

Investment highlights

HIGHLIGHTS

This is a rare opportunity to own a portion of the Riverdale Center, one of the strongest retail

centers in the trade area. This opportunity provides an investor the luxury of enjoying the

secure cashflow from two (2) national credit tenants in an area seeing positive growth and

continued redevelopment in Weber County. Adjacent to a new townhome development.

NATIONAL CREDIT TENANTS

Two (2) longstanding National credit tenants Ross and Staples. One of the strongest Ross

locations in the state on a new ten-year renewal and Staples on a new three- year renewal

in a very strong store.

BELOW MARKET RENT

Below market rents for a mid-box market that has seen very little vacancy.

POTENTIAL LONG-TERM REDEVELOPMENT

6.94 acres on Riverdale Road next to the Newgate Mall which is planned for redevelopment.

Enjoy stable rents while planning for long term growth.

MAJOR RETAIL HUB

Riverdale Road is one of the busiest roads in Utah with 55,708 ADT. Riverdale Road continues

to be the major retail hub for Weber County with the addition of national retailers Trader

Joes, Sierra Trading Post and Home Goods. These tenants have joined an already strong

lineup of national and regional tenants including Costco, Sam’s Club, Target, Walmart, TJ

Maxx, Best Buy, Old Navy, Michaels and Ulta

Listing Contacts

NC
UT 5497941-SA00
Newmark Mountain West
Listed by Newmark Mountain West

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$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$666,981.00
$55,581.75/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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Additional Information

Name
Nick Clark
License
5497941-SA00
Brokerage Phone
801-718-5707
Brokerage Address
312 North Temple
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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