2714 South 300 West | Salt Lake City, UT
Marcus and Millichap is pleased topresent a Net Leased US Bank property located in South Salt Lake City, Utah
The property is well located at the South West signalized intersection of 300 West and West 27th Street. The building consists of 3,250 square feet sitting on a .82 acre parcel with excellent access points on both roads and a 3-lane drive-through. Traffic counts at the location exceed 22,000 cars per day and the property is adjacent to both I-15, 184,000 cars per day and I-80, 108,502 cars per day. The property is just minutes from downtown Salt Lake City and SLC International Airport. Salt Lake City is currently the fastest growing Metro Statistical Area in the country. Residents are attracted to the high quality of life and affordable lifestyle. The region has a highly educated, young working population with a median age of 31.7. With higher incomes above the national average and excellent home affordability, this has resulted in high ownership rates of 66%. The investment offers a stable secure income stream withan A+ investment grade tenant.
Offered at 5.25% cap rate with 3% rent increases starting 2021, this Offering is one of the best value Net Leased Banks available today.
US Bank Corporate Absolute Net Lease
Investment Grade Credit Rating A+
Long Term Tenant Since 1984
Deposits Have Grown 50% Since 2011
3% Annual Rent Increases Starting 2021
Salt Lake City -Fastest Growing MSA
381,420 Population in 5-Mile Radius
Hard Signalized Corner Location
3 – Lane Drive-Through