FOR SALE Sale Price: $1,995,000
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FOR SALE LAYTON RETAIL CENTER 1155 North Main Street, Layton Utah 84041 Sale Price: $1,995,000 Financial summary: Proforma NOI: $140,400 Proforma Cap Rate: 8.0% Price/SF: $156.45 Rent Roll Available Property Information: 11,179 sq. ft. total Site Size: .77 acres Generous Parking Built in 1999 Located within the retail center of Layton Numerous amenities nearby including shops, res- taurants, and banks Shadow anchored by Shopko, Big 5, Hobby Lobby, Ashley Furniture, Big Lots, and Harbor Freight Close to the Layton Hills Mall Easy Access to I-15 CONTACT: Stew Knight 801.913.4990 [email protected] knirea.com KREA Knight Real Estate Advisors This statement, with the information it contains, is given with the understanding that all negotiations relating to the sale, purchase, or lease of the property described above shall be conducted through this office. The above information, while not guaranteed, has been secured from sources we believe to be reliable. Buyer or tenant shall be responsible for verifying the square footage. TENANTS $1,799,000 PRICE REDUCED! $1,749,000 LAGOS AUTHENTIC MEXICAN RESTAURANT
Transcript of FOR SALE Sale Price: $1,995,000
FOR SALE
LAYTON RETAIL CENTER
1155 North Main Street, Layton Utah 84041
Sale Price: $1,995,000
Financial summary: Proforma NOI: $140,400
Proforma Cap Rate: 8.0%
Price/SF: $156.45
Rent Roll Available
Property Information: 11,179 sq. ft. total
Site Size: .77 acres
Generous Parking
Built in 1999
Located within the retail center of Layton
Numerous amenities nearby including shops, res-taurants, and banks
Shadow anchored by Shopko, Big 5, Hobby Lobby, Ashley Furniture, Big Lots, and Harbor Freight
Close to the Layton Hills Mall
Easy Access to I-15
C O N T A C T :
Stew Knight 801.913.4990 [email protected] knirea.com
KREA Knight Real Estate Advisors
This statement, with the information it contains, is given with the understanding that all negotiations relating to the sale, purchase, or lease of the property described above shall be conducted through
this office. The above information, while not guaranteed, has been secured from sources we believe to be reliable. Buyer or tenant shall be responsible for verifying the square footage.
TENANTS
$1,799,000
PRICE REDUCED!
$1,749,000
LAGOS AUTHENTIC MEXICAN RESTAURANT
FOR SALE
Layton Retail Center
1155 North Main Street, Layton Utah 84041
LAYTON OVERVIEW Layton boasts well planned industrial areas, strong re-tail centers, accessible office space, high-speed UTOPIA fiber optic infrastructure and the primary access to Hill Air Force Base. The City has a young, well-educated and diverse workforce that fits many business needs. Strate-gically positioned along the Wasatch Front, Layton is 25 minutes from the Salt Lake International Airport, 20 minutes from Salt Lake City, has convenient access to multiple interstate highways and a FrontRunner com-muter rail station. The regional market strength of Layton continues to bring reinvestment and new retail/industrial/office ten-ants. Layton contributed $1.42 billion worth of total tax-able sales activity in 2015, the second largest market north of Salt Lake City, and above the state average growth rate. Hill Air Force Base had a $3.3 billion eco-nomic impact in 2015 and began receiving the first of 72 F-35’s in fall 2015, strengthening the Base’s future suc-cess and economic infusion to Layton City. The 650-acre East Gate Business Park is poised to accept over one million square feet of new industrial development and is primed for defense, aerospace, and composite compa-nies. Layton is the primary retail provider in Davis County and one of the strongest in the State of Utah. Major retailers include: Layton Hills Mall - Macy’s, JCPenney’s, Dick’s Sporting Goods, SeaQuest Interactive Aquarium, Target, Walmart, Sam’s Club, Barnes & Noble, Lowe’s Home Improvement, Home Depot and multiple car dealerships. Source: Layton Economic Development Department – July 2016
This statement, with the information it contains, is given with the understanding that all negotiations relating to the sale, purchase, or lease of the property described above shall be conducted through
this office. The above information, while not guaranteed, has been secured from sources we believe to be reliable. Buyer or tenant shall be responsible for verifying the square footage.
C O N T A C T :
Stew Knight 801.913.4990 [email protected] knirea.com
KREA Knight Real Estate Advisors
DEMOGRAPHICS 1 MILE 3 MILE 5 MILE Population
2017 10,884 99,799 189,985 Households
2017 3,841 28,508 52,606
Income
2017 Ave HHI $59,116 $77,022 $85,347
2017 Med HHI $52,406 $62,245 $70,121
FOR SALE
Layton Retail Center
1155 North Main Street, Layton Utah 84041
This statement, with the information it contains, is given with the understanding that all negotiations relating to the sale, purchase, or lease of the property described above shall be conducted through
this office. The above information, while not guaranteed, has been secured from sources we believe to be reliable. Buyer or tenant shall be responsible for verifying the square footage.
C O N T A C T :
Stew Knight 801.913.4990 [email protected] knirea.com
KREA Knight Real Estate Advisors
New Bridge Over I-15 in 2018 Connects Main Street – Hill Field Road
