Listed by Newmark Mountain West
$5,550,000
The Shops at 4th & Main • Multi-tenant Investment
Details
Property Type Retail
Sub Type Storefront, Shopping Center
Square Footage 18,798
Net Rentable (SqFt) 18,798
Units 6
Cap Rate 7.14%
NOI $396,183
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $295
Class B
Year Built 1971
Year Renovated 2019
Acreage 0.910
Zoning Comm-Retail
Ground Lease No
100% Leased Multi-Tenant Retail Investment in Logan, UT
Marketing description
RECENT REMODEL Recently renovated retail shopping center with new façade, roof replacement and tenant improvements.
LONG TERM LEASES Long term tenants in place with low in-place rents.
MAIN STREET RETAIL CENTER Located in the center of the Main Street retail strip in Logan.
UNIVERSITY PROXIMITY Utah State University is one mile from subject site, with an enrollment of 28,900+ Students.
Investment highlights
The subject property is 100% leased to Cookie Cutter Haircuts for Kids, Uptown Cheapskate, Kid to Kid, Serenity Found Massage Spa, Old Grist Mill Bread Company and FedEx Office & Print Services Inc.
Listing Contacts
Listed by Newmark Mountain West
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$396,183.00
$33,015.25/mo
Valuation Metrics
0
DSCR
7.14%
Cap Rate
7.14%
ROI
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