Published on: Wednesday, March 12, 2025
Updated on: Wednesday, March 12, 2025
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About the Lister
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Name: Jack Cornell
Company: SRS Real State Partners
Office Phone: (801) 410-1621
Cell Phone: (801) 410-1621
Provide Your Service
Financing  Business  Material
  Layton, UT - Chase
1275 N. Hill Field Road Layton Utah , 84041
1275 N. Hill Field Road Layton Utah                                                                                                , 84041  SRS Real State Partners
Listing ID: CL-Utah-14539

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 5.35
Net Operating Income: $165,000.00
Commission Split (%): 0
Quick Glance
Listing ID: CL-Utah-14539
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: N/A
Year Build: 1970
Building Size: 3,916.00 SqFt
Lot Size: N/A
No of Stories: 1
No of Parking: 16
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: Yes
Property On Ground Lease: No
Building Status: Existing
Listing Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, corporate signed, freestanding, Chase Bank investment property located in Layton, Utah (Salt Lake City MSA).
Complete Details
Year Build: 1970
Building Size: 3,916 SqFt.
No of Stories: 1
Total Lot Area: N/A SqFt.
No of Parking: 16
No of Total Units: 1
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: B
Property on Ground Lease?: No
Net Lease Investment?: Yes
Business Price Included?: No
Roofing: Not Specified
Occupancy: 0%
Full Description

Description

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, corporate signed, freestanding, Chase Bank investment property located in Layton, Utah (Salt Lake City MSA). The tenant, JPMorgan Chase & Co., has operated under this lease since 1979 and has approximately 5 years remaining on its term with 2 (5-year) option periods to extend. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.

Location

The property is strategically located along N. Hill Field Road, with an average of 46,400 vehicles passing by daily. The asset benefits from seamless access to the on/off ramps to Interstate-15 (114,000 VPD), providing ease and convenience for customers. The investment is an outparcel to the heavily trafficked Layton Hills Mall, serving over 3.5 million visitors per year (per Placer.ai). Layton Hills Mall features 125 tenants, including JCPenney, Dick’s Sporting Goods, Dillard’s Department Store, Buffalo Wild Wings, and Texas Roadhouse. Strong tenant synergy promotes crossover shopping to the subject property. Located in a dense retail corridor, nearby national/credit tenants include Walmart Supercenter, Target, Lowe’s, Sam’s Club, Hobby Lobby, and Office Depot. The subject property is located 7 miles from Hill Air Force Base, a major U.S. Air Force Base with over 25,000 personnel working on-site and an annual economic impact of nearly $5 billion. The aerospace and defense sectors have an enormous economic impact and will continue to bring high-paying jobs to the area. Moving forward, nearby apartment complexes include Layton Meadow Apartments (334 units), Sterling Pointe Apartments (320 units), Fox Creek Apartments (186 units), and Autumn Hills Apartments (72 units), providing a direct consumer base to draw from. The 5-mile trade area is supported by over 187,600 residents and 51,500 employees, who boast affluent average household incomes of $130,397.
Additional Properties
Property Highlights
  • Pylon Sign, Drive Thru
  • Approximately 5 Years Remaining | Salt Lake City MSA | Corporate Signed | Long Term Operating History | Strong Deposits
  • Layton Hills Mall (3.5M+ Visitors) | Dense Retail Corridor
  • Located Along N. Hill Field Road (46,400+ VPD) | Interstate-15 Access | Excellent Visibility & Access
  • Absolute NNN Lease | Leased Fee Ownership | Zero Landlord Responsibilities
  • Hill Air Force Base | Nearby Residential Complexes
  • Strong Demographics in 5-mile Trade Area | Six-Figure Incomes
Features
  • Lot Size: 0.98 ± AC
  • Zoning: CP-3 - Commercial
Listing Location
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35964 Winchester Rd , Winchester California                                                                                           92596
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17550 Hwy 19 , New London Missouri                                                                                             63459
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1834 W. Grant Street , Phoenix Arizona                                                                                              85007
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4315 Pickett Rd , Saint Joseph Missouri                                                                                             64503