Restaurant
330 W Parrish Ln
330 W Parrish Ln, Centerville, UT 84014
Listing Price: $1,950,000
Investment Overview
Marcus & Millichap presents for sale the dual-tenant property located at 330 W Parrish Lane in Centerville, Utah. This property has a total rentable square footage of 3,452 square feet and sits on a 0.45-acre lot. The location of the property is among the central retail hub in Centerville, Parrish Lane being the main thoroughfare for the city. This dual tenant property is one among three neighboring properties currently being sold in Centerville.
Banbury Cross Donuts is leasing 1,749 square feet in a triple net lease with about eight years remaining on the original lease term. The lease has 10% increases every five years with two, five-year options. Beans & Brews is terminating their lease, leaving 1,703 square feet of rentable square feet available for lease. This second section of the building includes a drive-thru.
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.
330 W Parrish Ln
Investment Highlights
- Triple Net Lease with about 8 Years Remaining with Banbury Cross Donuts
- Two, Five-Year Options with 10% Increases Every Five Years with Banbury
- Beans & Brews Terminating Lease - One Suite Will Be Available for Lease
- Located on Parrish Lane in the Central Retail Hub of Centerville
- Daily Traffic Counts on Parrish Lane are Over 18,000 VPD
- Centerville is Less Than 15 Miles North of Downtown Salt Lake City
Exclusively Listed By
Listing Price: $1,950,000
Investment Highlights
- Triple Net Lease with about 8 Years Remaining with Banbury Cross Donuts
- Two, Five-Year Options with 10% Increases Every Five Years with Banbury
- Beans & Brews Terminating Lease - One Suite Will Be Available for Lease
- Located on Parrish Lane in the Central Retail Hub of Centerville
- Daily Traffic Counts on Parrish Lane are Over 18,000 VPD
- Centerville is Less Than 15 Miles North of Downtown Salt Lake City
Investment Overview
Marcus & Millichap presents for sale the dual-tenant property located at 330 W Parrish Lane in Centerville, Utah. This property has a total rentable square footage of 3,452 square feet and sits on a 0.45-acre lot. The location of the property is among the central retail hub in Centerville, Parrish Lane being the main thoroughfare for the city. This dual tenant property is one among three neighboring properties currently being sold in Centerville. Banbury Cross Donuts is leasing 1,749 square feet in a triple net lease with about eight years remaining on the original lease term. The lease has 10% increases every five years with two, five-year options. Beans & Brews is terminating their lease, leaving 1,703 square feet of rentable square feet available for lease. This second section of the building includes a drive-thru. 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.
Exclusively Listed By
