For Sale
$5,717,000
370 Paxton AveSalt Lake City, UT 84101
- Added:
- Dec 11, 2024
- Days on market:
- 114
Highlights
- Strong performing US Foods Chef'Store (NYSE: USFD) occupies the space; below market rent.
- 7.3 years remaining on the lease, plus two 5-year options with 9% rent increases every 5 years.
- Double Net (NN) lease with some landlord responsibilities.
- Junior anchor tenant in a Target-anchored shopping center with strong co-tenancy including Five Below, El Pollo Loco, Wendy's, and Key Bank.
- Excellent location across from a new 121-unit luxury apartment complex and adjacent to 64 townhomes.
- Dense population of 317,890 within a 5-mile radius, projected to grow 2.89% annually for the next 5 years.
Property Details for 370 Paxton Ave
- Property type
- Retail properties, Grocery and convenience stores
- Square Feet
- 21,654 SF
- Year Built
- 2016
- Lot Size (sq. ft)
- 57,935 SF
Location Insight
- City
- Salt Lake City
- County
- Salt Lake
- State
- Utah
- Latitude
- 40.743695248584
- Longitude
- -111.90145576685
370 Paxton Ave, Salt Lake City, Utah
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