Multi-Tenant Retail Asset 1565 E UT-193 5,350 SF 100% Leased Retail Building Layton, UT 84040 $5,343,572 CAD ($998.80 CAD/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand-New Construction - NNN Lease – Minimal Landlord Responsibilities
- Strong Personal Guarantee – Secured Investment
- Built-In Rent Growth – Inflation-Resistant Income
- Established & Growing Tenants - Leased to FiiZ Drinks, Oakley Roasting Company, and Stena Ice Cream, Creating a Complementary Mix of High-Traffic Re
- Long-Term Lease Commitments – Secure Income Stream - 10-Year Primary Lease Terms for all Tenants, Two 5-Year Renewal Options
- Prime Location in a Thriving Retail Corridor - High-Traffic Area Along UT-193
EXECUTIVE SUMMARY
The Snyder Carlton National Net Lease Team is pleased to present an outstanding investment opportunity: a newly constructed 5,350 SF retail asset located at 1565 E UT-193, Layton, UT. This 1-acre property is leased to three established and complementary tenants: FiiZ Drinks, Oakley Roasting Company, and Stena Ice Cream, creating a strong mix of beverage and dessert offerings that drive consistent customer traffic. The property features long-term leases, with three tenants signed to 10- year primary terms, each including two 5-year renewal options, ensuring stable and predictable cash flow. Additionally, this asset offers a Triple Net (NNN) Lease structure, placing all expenses—including taxes, insurance, and maintenance—on the tenants, making it an ideal passive investment.
A key highlight of this opportunity is that all three leases are personally guaranteed by an individual with a net worth exceeding $100 million, significantly enhancing the security of rental income. Strategically positioned on a high-traffic retail corridor, the property benefits from strong visibility and accessibility, surrounded by major national and regional retailers, including Layton Hills Mall, Walmart Supercenter, The Home Depot, Harmons Grocery, Walgreens, and Starbucks.
A key highlight of this opportunity is that all three leases are personally guaranteed by an individual with a net worth exceeding $100 million, significantly enhancing the security of rental income. Strategically positioned on a high-traffic retail corridor, the property benefits from strong visibility and accessibility, surrounded by major national and regional retailers, including Layton Hills Mall, Walmart Supercenter, The Home Depot, Harmons Grocery, Walgreens, and Starbucks.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,350 SF
Building Class
B
Year Built
2025
Construction Status
Under Construction
Price
$5,343,572 CAD
Price Per SF
$998.80 CAD
Cap Rate
6.25%
NOI
$333,973 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
1.06 AC
Zoning
C - Commercial
Frontage
209’ on Utah 193
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 09-051-0069 | Improvements Assessment | $0 CAD |
| Land Assessment | $347,448 CAD | Total Assessment | $347,448 CAD |
