Diamond Mountain Shopping Center - For Sale
1180 W Hwy 40, Vernal, UT 84078
The Diamond Mountain Shopping Center offers a solid investment opportunity with new long-term leases and high-credit tenants. Anchored by a 10-year lease with Five Below and a 5-year lease with Uptown Cheapskate, the center ensures stable income for years to come. Nearly 80% of the space is occupied by well-known national brands like Famous Footwear and Maurices, providing a reliable revenue stream. Priced attractively, the shopping center is listed well below replacement cost. Investors can enjoy healthy returns with a high cap rate and potential for income growth. With no immediate tenant rollover until 2027, and located in a stable market with low retail vacancy, the property benefits from excellent visibility and strong traffic counts, making it a prime choice for long-term investment.
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Contacts
Brandon Goodman
Colliers
Nate Monson
Colliers
Bryant Parker
Colliers
Building Details
- For Sale $5,347,079
- Property Type Retail
- Property Size 37,093 SF
- Additional Rent Contact for pricing
- Date Updated Oct 4, 2024
Getting Around
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Walk Score ®
Car-Dependent (46) -
Bike Score ®
Bikeable (53)
Location
- City Vernal, UT
- Zip Code 84078
Points of Interest
Texaco
0.53 miles
Chevron
0.63 miles
Maverik
0.89 miles
Shell
1.10 miles
7-Eleven
1.28 miles
Sinclair
1.44 miles
Maverik
3.45 miles
7-Eleven
3.49 miles
Split Mountain Truck Stop
7.34 miles
Smith's
0.29 miles
Davis Food & Drug
0.71 miles
Barkers Mailbox Express
0.93 miles
Walmart Supercenter
1.02 miles
TJ Maxx
1.21 miles
1180 W Hwy 40 Listing Summary
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What is the asking price at Diamond Mountain Shopping Center - For Sale?
Diamond Mountain Shopping Center - For Sale is currently listed for sale at $5,347,079.
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What is the total size of Diamond Mountain Shopping Center - For Sale?
Diamond Mountain Shopping Center - For Sale has a total of 37,093 square feet.