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Layton Village Shopping Center 743 King St

8,240 SF Retail Building Layton, UT $3,200,000 ($388/SF) 5.62% Cap Rate

Investment Highlights

  • The strip center is shadow anchored by Wal-Mart and Sam’s Club.
  • Unique retail center offers retail, office, and restaurant uses.
  • The property is fully-leased with a strong mix of tenants on long-term leases.
  • The beautiful building is in an incredible location with high traffic counts.

Executive Summary

Layton Village Shopping Center is an incredible investment opportunity located in a prime retail location right off of Main Street and Hill Field Road. With a mix of retail, office and restaurant tenants, the fully leased strip center is shadow anchored by Wal-Mart and Sam’s Club.

Property Facts

Sale Type
Property Type
Property Subtype
Building Size
Building Class
Sale Type
Property Type
Property Subtype
Building Size
Building Class
Year Built
Price
Sale Type
Property Type
Property Subtype
Building Size
Building Class
Year Built
Price
Price Per SF
Cap Rate
Year-1 NOI
Tenancy
Building Height
Building FAR
Land Acres
Investment
Retail
Storefront
8,240 SF
C
Investment
Retail
Storefront
8,240 SF
C
2005
$3,200,000
Investment
Retail
Storefront
8,240 SF
C
2005
$3,200,000
$388
5.62%
$179,840
Multiple
1 Story
0.22
0.86 AC
Year Built
Price
Price Per SF
Cap Rate
Year-1 NOI
Price Per SF
Cap Rate
Year-1 NOI
Tenancy
Building Height
Building FAR
Land Acres
2005
$3,200,000
$388
5.62%
$179,840
$388
5.62%
$179,840
Multiple
1 Story
0.22
0.86 AC
Tenancy
Building Height
Building FAR
Land Acres
Multiple
1 Story
0.22
0.86 AC
Zoning
Opportunity Zone
C-H
Yes

Amenities

  • Pylon Sign
  • Signage
  • Listing ID: 17368121
  • Date Created: 10/4/2019
  • Last Updated:

zoning

Zoning Code C-H

MAJOR TENANTS

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Cupbop LLC
  • -
  • 3,120 SF
  • $5,622.00
  • May 2025
  • Neville & Anderson Dental
  • Medical
  • 2,640 SF
  • $6,652.00
  • May 2021
  • Smart Staffing
  • Business Services
  • 1,200 SF
  • $2,736.00
  • May 2021
  • Spring Leaf Financial
  • Financial Institutions
  • 1,280 SF
  • $3,225.00
  • Jul 2024
Tenant Industry SF Occupied Rent/SF Lease End
Cupbop LLC - 3,120 SF $5,622.00 May 2025
Neville & Anderson Dental Medical 2,640 SF $6,652.00 May 2021
Smart Staffing Business Services 1,200 SF $2,736.00 May 2021
Spring Leaf Financial Financial Institutions 1,280 SF $3,225.00 Jul 2024

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
2020 Population
11,649
94,379
176,214
2025 Population
12,463
101,196
188,554
2020-2025 Projected Population Growth
7.0%
7.2%
7.0%
Median Age
31.3
30.2
30.2
College Degree + Higher
18%
28%
30%
Daytime Employees
10,976
34,394
50,372
Total Businesses
837
3,345
4,580
Average Household Income
$71,392
$86,664
$96,341
Median Household Income
$61,172
$74,852
$83,432
Total Consumer Spending
$101.7M
$875M
$1.7B
2020 Households
3,897
29,828
53,119
Average Home Value
$232,984
$314,621
$331,203

Nearby Major Retailers

Traffic

Collection Street Cross Street Traffic Volume Year Distance
King St N Main St, NE 5,728 2012 0.03 mi
N Main St King St, SE 18,093 2018 0.06 mi
W Hill Field Rd N Hill Field Rd, NE 22,143 2018 0.14 mi
Hill Field Rd I- 15, NE 33,176 2018 0.19 mi
Hill Field Rd I- 15, SW 38,651 2018 0.28 mi
Hill Field Rd N Easy St, NE 36,338 2012 0.33 mi
W Gordon Ave N 1075 W, E 8,473 2012 0.45 mi
W 1000 N W Gordon Ave, E 8,473 2012 0.45 mi
N Main St W 600 N, NW 21,374 2015 0.45 mi
N Main St Olsen Plz, NW 20,235 2018 0.45 mi

Transportation

Commuter Rail

Layton Commuter Rail (FrontRunner North)
Utah Transit Authority
3 min drive 1.3 mi
Clearfield Commuter Rail (FrontRunner North)
Utah Transit Authority
7 min drive 2.8 mi

airplane iconAirport

Salt Lake City International Airport
36 min drive 27.8 mi

PROPERTY TAXES

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