40.363277 -111.78571

668 S 500 E American Fork, UT 84003

319000188 40.363277 -111.78571 195 /listing/319000188-151247350/668-s-500-e-american-fork-ut-84003 False 0 2425000.0 101 0 1826401 False
  • $2,425,000
  • 0 ba
  • 50094.00 Square Feet lot
  • Est payment $13017.92/mo

Property & Neighborhood Info

Courtesy Of Core Utah Real Estate

Commercial in American Fork

See property flyer attached for marketing flyer. Single-tenant investment. Incredible location. Priced below replacement cost. 7 years left on 10-year lease with 2, 5-year options. NNN lease - Landlord only responsibilities are roof, asphalt, and HVAC repair/replacement. New AC unit in 2019. Tenant pays taxes, insurance, CAMS, utilities, maintenance of HVAC, etc. Highly sought-after location and an easy property to re-let in the future, at rates that will be well above current rental rates. Rent from Sept 1, 2022 to Aug 31st, 2023 is $9,107 / mo NNN. Thereafter adjusts to $7,878mo/ NNN. Initial 4 years of lease included carryback from from landlord to tenant that burns off end of 4th year.

Courtesy Of Core Utah Real Estate
  1. 0 Baths
  2. 50094.00 Square Feet Lot

Main Features

  • Listing Status: Active
  • Year Built: 2005
  • County: Utah
  • Taxes: $13,181.00
  • Subdivision: HOLMSTEAD CENTER
  • MLS Number:1826401

Additional Features

  • Fireplaceyn:
    • N
  • Current Use:
    • Retail
  • Property Sub Type:
    • Retail
  • Property Type:
    • Commercial Sale
  • Association YN:
    • N
  • Attached Garage YN:
    • N
  • Co List Agent AOR:
    • Utah County
  • Co List Agent Designation:
    • Principal Broker (PB)
  • Co List Agent Email:
    • aaron@coreutah.com
  • Co List Agent Middle Name:
    • G
  • Co List Agent Office Phone:
    • 801-787-7255
  • Co List Agent Preferred Phone:
    • 801-787-7255
  • Co List Agent State License:
    • 5499810
  • Co List Office Name:
    • Core Utah Real Estate
  • Cooling YN:
    • N
  • Heating YN:
    • N
  • Listing Agent License Number:
    • 6900510
  • Living Area Units:
    • Square Feet
  • Lot Size Acres:
    • 1.15
  • Lot Size Units:
    • Acres
  • Mobile Length:
    • 0
  • Mobile Width:
    • 0
  • New Construction YN:
    • N
  • Pool Private YN:
    • N
  • Property Attached YN:
    • N
  • Senior Community YN:
    • N
  • Waterfront YN:
    • N
Neighborhood info courtesy of Homes.com © 2022

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$38,769.95*
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Kim Novak
Kim Novak
Broker/Owner, REALTOR
3636 N 2900 E Layton UT 84040
40.363277 -111.78571

668 S 500 E American Fork, UT 84003

319000188 40.363277 -111.78571 195 /listing/319000188-151247350/668-s-500-e-american-fork-ut-84003 False 0 2425000.0 101 0 1826401 False
  • $2,425,000
  • 0 ba
  • 50094.00 Square Feet lot
  • Est payment $13017.92/mo