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Northstar Preschool - Riverdale, UT 3953 Pacific Ave 6,186 SF Retail Building Ogden, UT 84405 $1,864,286 ($301.37/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Discovery Clubhouse is Part of Northstar Preschools, a PE- Backed Platform in Early Childhood Education Operating 15 Locations
- Long-Term 15-Year Triple Net (NNN) Lease With Zero Landlord Responsibilities
- 15 Elementary Feeder Schools Within a 5-Mile Radius
- Riverdale is 30 Minutes North of Salt Lake City, the State's Capital, and SLC International Airport
- Average Household Income of $96,039 and a Population of 179,193 Residents Within a 5-Mile Radius
- 1 Mile From The Riverside Estates Development, Which Will Increase the Number of Young Families in the Area
EXECUTIVE SUMMARY
Sands Investment Group is Pleased to Exclusively Offer For Sale the 6,186 SF Northstar Preschool Located at 3953 Pacific Avenue in Riverdale, UT. This Deal Includes a Long-Term 15-Year Triple Net (NNN) Lease With Zero Landlord Responsibilities, Offering Investors Stable, Passive Income Backed by a Reputable Early Childhood Education Operator.
In Cooperation With Sands Investment Group Utah, LLC - Lic. #11325487-CN00 BoR: Tyler Ellinger - Lic. UT #8219031-SA00
In Cooperation With Sands Investment Group Utah, LLC - Lic. #11325487-CN00 BoR: Tyler Ellinger - Lic. UT #8219031-SA00
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
6,186 SF
Building Class
C
Year Built
1983
Price
$1,864,286
Price Per SF
$301.37
Cap Rate
7%
NOI
$130,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
0.47 AC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Northstar Preschool
- Educational Services
- 6,186 SF
- $21.09
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Northstar Preschool | Educational Services | 6,186 SF | $21.09 | Triple Net | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05-139-0053 | Improvements Assessment | $360,284 |
| Land Assessment | $236,716 | Total Assessment | $597,000 |
PROPERTY TAXES
Parcel Number
05-139-0053
Land Assessment
$236,716
Improvements Assessment
$360,284
Total Assessment
$597,000
CONTACTS
-
Seth Krepistman -
Jason May -
Adam Bridges -
Max Freedman -
Tyler Ellinger -
Sands Investment Group Austin, LLC
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Northstar Preschool - Riverdale, UT | 3953 Pacific Ave
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