FOR SALE INVESTMENT 432 N. 100 W. Cedar City UT 84721 243 E. St. George Blvd. Suite 200 St George, Utah 84770 (435) 628.1609 naiexcel.com Offered By: Jason Griffith, CCIM NAI Excel office: direct: email: 435.628.1609 435.627.5709 jasong@naiexcel.com Twila Davis Davis & Associates direct: email: 435.868.8938 twila@buyincedarcity.com NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPAL. NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE TO BE IMPLIED. THE INFORMATION PORTRAYED ON THE MAP, WHILE NOT GUARANTEED, HAS BEEN SECURED FROM SOURCES DEEMED RELIABLE. CONSULT A SURVEYOR FOR PRECISE BOUNDARIES. 26155
Property Summary ADDRESS 432 N. 100 W. Cedar City, UT 84721 LOT SIZE ACRES.60± Tenant has been in business for 10 years and recently signed a new 10-year lease Please do not disturb tenant FOR SALE INVESTMENT ZONING General Commercial Sale is for the real estate only; seller is not associated with the tenant OFFERING TERMS SALE PRICE $930,000 FOR MORE INFORMATION http://helloarti.com/view/26155 Offered By: Jason Griffith NAI Excel naiexcel.com 2
SITE Main Street 200 North 200 North Main Street SITE SITE Vegas Offered By: Jason Griffith NAI Excel naiexcel.com 3
TOTAL BUILDING SQ. FT. 6449+ basement CLASS B AREA Downtown LOAD FACTOR N/A POWER PHASE 3 phase PARKING RATIO OCCUPANCY 100% AMPS PARKING SPACES ACRES 0.73 VOLTS ROOF TYPE Metal 33 PLUS DIRT LOT YEAR BUILT See Brochure Notes SPRINKLERS Yes FRONTAGE ALONG 100 West YEAR REMODELED 2005 TYPE OF CONSTRUCTION Frame FRONTAGE N/A ZONING General Commercial AVERAGE DAILY TRAFFIC N/A TAX ID NUMBER B-1335-0007-0002 2018 PROPERTY TAXES $556,259 INGRESS/EGRESS Two Net Operating Income YEAR PROFORMA $/SF/YEAR SCHEDULED BASE RENT LEASE REVENUE $90,000 NNN & UTLILITY RECAPTURE - - VACANCY RATE 0% LESS VACANCY - EFFECTIVE GROSS RENT $90,000 $9.00 OPERATING EXPENSES PROPERTY MANAGEMENT - OFF SITE $2,700 $0.27 RESERVES FOR REPAIR/MAINT $1,000 $.10 PROPERTY TAXES $6,360 $.064 UTILITIES TENANT INSURANCE $2,133 $.21 TOTAL OPERATING EXPENSES $12,193 $1.22 NET OPERATING INCOME $77,807 $7.78 PROPERTY VALUE @ CAP RATE $1,073,203.31 CAP RATE BY YEAR ON STRIKE PRICE 7.25% BUILDING VALUE PER SQFT $107.32 Offered By: Jason Griffith NAI Excel naiexcel.com 4
FOR SALE INVESTMENT Offered By: Jason Griffith NAI Excel naiexcel.com 5
FOR FOR SALE LEASE INVESTMENT RETAIL Offered By: Jason Griffith, CCIM NAI Excel naiexcel.com 6
FOR SALE INVESTMENT Offered By: Jason Griffith NAI Excel naiexcel.com 7
FOR FOR SALE LEASE INVESTMENT RETAIL Offered By: Jason Griffith, CCIM NAI Excel naiexcel.com 8
FOR FOR SALE LEASE INVESTMENT RETAIL Offered By: Jason Griffith, CCIM NAI Excel naiexcel.com 9
FOR SALE INVESTMENT Population/Economy Iron County 155,602 Cedar City 16,159 Median Income of $45,213 Cost of Living Index of 88 Unemployment Rate of 4.4% Median house value of $231,000 VIEW MARKET STATISTICS FOR OFFICE, RETAIL, INDUSTRIAL & MULTIFAMILY AT naiexcel.com/research Distance to Major Cities Average Snow Fall Cedar City 49 inches Brian Head Ski Resort 369 inch (31 miles away) Festival City USA Utah Summer Games Frontier Homestead Folk Festival Utah Shakespeare Festival Wildflower Festival at Cedar Breaks National Monument Neil Simon Festival Utah Midsummer Renaissance Faire Great American Stampede Cedar Livestock and Heritage Festival Red Rock Film Festival Regional Parks Visitation Salt Lake City, Utah Las Vegas, Nevada Los Angeles, California San Deigo, California Denver, Colorado Phoenix, Arizona FROM CEDAR CITY 291 MILES 137 MILES 405 MILES 466 MILES 618 MILES 393 MILES 2016 2011 2007 Distance Zion National Park 4,317,028 2,847,403 2,679,181 58.1 MILES Bryce Canyon National Park 2,365,110 1,285,492 1,012,563 77.3 MILES Canyonlands National Park 776,218 435,908 417,560 295 MILES Capitol Reef National Park 1,064,904 662,661 554,907 157 MILES Arches National Park 1,585,718 1,014,405 860,181 283 MILES Grand Canyon National Park 5,969,811 4,298,178 4,413,668 167 MILES 243 E. St. George Blvd. Suite 200 St George, Utah 84770 (435) 628.1609 naiexcel.com Offered By: Jason Griffith, CCIM NAI Excel office: direct: email: 435.628.1609 435.627.5709 jasong@naiexcel.com Twila Davis Davis & Associates direct: email: 435.868.8938 twila@buyincedarcity.com