Investment Overview

Marcus & Millichap presents for sale the Subway in Centerville, Utah. This property is approximately 1,358 square feet and sits on 0.33 acres of land on Parrish Lane. The location of the property is among the central retail hub in Centerville, Parrish Lane being the main thoroughfare for the city. This Subway property is one among three neighboring properties currently being sold in Centerville. The lease for Subway is an absolute net lease with about four years remaining on the original lease term. There are two, five-year options available to the tenant, with 10% rent increases at each option. Centerville, Utah is a growing community less than 15 miles north of Downtown Salt Lake City. The Interstate 15 freeway exit in Centerville is Parrish Lane, which has a large retail corridor. Parrish Lane has a traffic count of over 18,000 vehicles per day.