About This Restaurant
Investment Highlights
Located in the heart of the 9th & 9th shopping district Four micro-retail units on Main Level Metering: Individual Three luxury condominiums with private rooftop decks on Upper Level $100,000 public art display Construction: Stick Frame & Mason Built in 2023
Executive Summary
Mountain West is proud to present the unique opportunity to acquire the Treehouse on 9th, a multi-tenant building within coveted 9th & 9th shopping district in Salt Lake City. 9th & 9th is home to multiple, strong national and local tenants. With a proven low vacancy in immediate area, this asset provides an investor the opportunity to enter the Utah market with a solid occupancy and the ability to grow.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Storefront Retail/Residential Storefront Retail/Residential General Retail Bar General Retail Restaurant Office Office Residential Storefront Retail/Residential
- Building Size 7,108
- Building Class B
- Year Built 2023
- Price 6,226,900
- Price Per SF 876
- Cap Rate 5
- NOI 311,345
- Percent Leased 100
- Tenancy Multiple
- Building Height 2 Stories
- Building FAR 1.17
- Land Acres 0.14 AC
Amenities
- Bus Line
Nearby Amenities & Transportation
| Retail | Smith's | ||
| Retail | Starbucks | ||
| Retail | The Old Spaghetti Factory | ||
| Retail | Beans & Brews Coffee House | ||
| Retail | Village Inn | ||
| Retail | Chili's | ||
| Retail | Trader Joe's | ||
| Retail | EOS Fitness | ||
| Retail | Noodles & Company | ||
| Retail | F45 Training, Inc. |
Property Taxes
| Parcel Number | 16-08-180-039-0000 | Improvements Assessment | $376,000 |
| Land Assessment | $483,200 | Total Assessment | $859,200 |
| Date Created: | 2024-07-16 04:23:46 | Last Updated: | 2024-07-16 04:23:46 |
| Address: | 951 E 900 S , Salt Lake City, Utah, 84105 | ||