12th Street Plaza
Retail | 7.00% CAP | 9,142 SqFt
Marketing description
12th Street Plaza is a mixed-use retail and storage investment property located at 449 West 12th Street in Ogden, Utah. The property features excellent visibility and access on 12th Street, one of Ogden's primary east-west corridors with 36,000 AADT. This stabilized asset offers a 7% cap rate with strong long-term tenants in place.
The property consists of two buildings on 1.26 acres: a 4,824 SF retail building housing Crooked Cue (2,500 SF) and a landlord leaseback space (2,324 SF), and a 4,318 SF storage building occupied by US Properties. Additionally, the property includes approximately .33 acres of yard space leased to PODS on a ground lease with a 90-day rolling term.
Located in a strong retail corridor with nearby co-tenants including WinCo Foods, Home Depot, Fresenius Medical Care, and Hunters Landing, 12th Street Plaza benefits from excellent demographics with a 1-mile population of 10,891 and median household income of $69,257.
Investment highlights
- Purchase Price $2,600,000
- CAP Rate 7%
- Price per SF $284
- Mixed use Retail & Storage property
- Land Size 1.26 Acres
- Retail Building: 4,824 SF with Crooked Cue (2,500 SF) and Landlord Leaseback (2,324 SF)
- Yard Space: .33 Acres leased to Pods
- Storage Building: 4,318 SF leased to US Properties
- Traffic Counts: 36,000 AADT on 12th Street
- Strong demographics: 1 mile population 10,891, household income $69,257
- Nearby co-tenants include WinCo Foods, Home Depot, Fresenius Medical Care, Hunters Landing
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