Rare opportunity to purchase a grocery-anchored shopping center in Utah that includes the grocery box that is leased by Macey’s and guaranteed by Associated Foods Stores Inc.
The property is occupied by 57.89% corporate tenants that provides stability to the overall performance of the center.
More details coming soon.
Cap Rate: 6.81
The average rent on the property is only $11.67 PSF, which makes this property recession resistant with future growth potential in the rents.
The property comes with a 0.61 acre pad. This land can provide an investor with additional upside.