724 Main StLogan, UT 84321

For Sale
$1,800,000

High-return Starbucks, NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a thriving Starbucks restaurant located at 724 S Main St, Logan, UT 84321, in Cache County. The property boasts a 2,000 square foot building on a single-tenant, triple-net (NNN) lease with the corporate Starbucks brand. Currently operating at 100% occupancy, this location offers a strong and stable income stream. The lease has a remaining term of approximately two years, expiring June 20, 2026, with multiple options to renew, ensuring long-term investment security. Rent increases by 10% annually, providing consistent growth potential. The asking price is $1,800,000, translating to a price per square foot of $900. The property generates a net operating income (NOI) of $99,000 annually. This is a rare chance to acquire a highly profitable, established business in a desirable location with a nationally recognized brand. The property's prime location in Logan, Utah, ensures high visibility and consistent customer traffic. This is an ideal addition to any commercial real estate portfolio seeking strong returns and long-term stability. The property's strong financial performance and secure lease terms make it an attractive investment for discerning buyers. Don't miss this opportunity to acquire a proven, high-performing asset.

Highlights

  • $1,800,000 asking price.
  • 2,000 square foot Starbucks restaurant.
  • NNN lease.
  • 100% occupancy with 2 years remaining on the lease, plus renewal options.
  • $900 per square foot price.
  • Annual NOI of $99,000.

Location Insight

City
Logan
County
Cache
State
Utah
Latitude
41.7187069
Longitude
-111.8349255
724 Main St, Logan, Utah

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724 Main St
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