Fashion Place Ground Lease Investment Opportunity Listing Details & Market Data

6161 S State St, Murray, UT 84107

  • For Sale $2,590,000
  • Property Type Other
  • Lot Size 1.67 Acre
  • Date Updated Apr 13, 2024
  • 1.67 acre site
  • High exposure site
  • Fashion Place Mall Out-parcel
  • Long-term NNN ground lease - 38 years remaining
  • $85,896.38 annual lease payment - 15% increase every 10 years
  • Absolute Net Terms - No ownership expense
  • Below market rental rate
  • Building and improvements will revert to land owner at end of the lease
  • There is a 30-day First Right of Refusal
  • Tenant is the Fashion Place Mall
  • Next to Nordstroms

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Contacts

broker

Howard Layton

Colliers

(801) 947-8346

Location

Getting Around

  • Walk Score ®

    Very Walkable (73)

  • Transit Score ®

    Good Transit (52)

  • Bike Score ®

    Bikeable (56)
Powered by Walk Score ®
  • City Murray, UT
  • Neighborhood Murray
  • Zip Code 84107
  • Market Salt Lake City

Points of Interest

  • Fashion Place West

    0.53 miles

  • Midvale Fort Union

    0.85 miles

  • Midvale Center

    1.34 miles

  • Bingham Junction

    1.59 miles

  • Murray Central

    2.13 miles

  • Murray Central

    2.15 miles

  • Historic Gardner

    2.34 miles

  • Historic Sandy

    2.77 miles

  • West Jordan City Center

    2.98 miles

  • Murray North

    3.28 miles

  • Sam's Club

    0.06 miles

  • Tesoro

    0.08 miles

  • Hart's

    0.82 miles

  • Chevron

    0.84 miles

  • Maverik

    1.10 miles

  • Phillips 66

    1.17 miles

  • Holiday Oil

    1.17 miles

  • Speedway

    1.23 miles

  • Maverik

    1.39 miles

  • Shell

    1.40 miles

  • Park 'n' Ride

    0.99 miles

  • Church Parking

    1.41 miles

  • Grandview Parking Lot

    1.90 miles

  • Parking Garage

    3.65 miles

  • Parking Lot A

    3.84 miles

  • Parking Lot B

    3.91 miles

  • Parking Lot C

    3.96 miles

  • Parking Lot O

    3.97 miles

  • Parking Lot P

    3.98 miles

  • Parking Lot D

    4.01 miles

  • Thai Spoon

    0.03 miles

  • Papa John's

    0.03 miles

  • Astro Burger

    0.19 miles

  • Su Casa

    0.21 miles

  • Romano's Macaroni Grill

    0.23 miles

  • Chuck-a-Rama

    0.31 miles

  • Olive Garden

    0.34 miles

  • The Cheesecake Factory

    0.43 miles

  • Twigs Bistro

    0.43 miles

  • California Pizza Kitchen

    0.43 miles

  • East Midvale School

    0.45 miles

  • Liberty Elementary

    0.78 miles

  • Longview Elementary School

    0.92 miles

  • McMillan Elementary School

    1.05 miles

  • Cameo College of Essential Beauty

    1.13 miles

  • Montessori School of Murray

    1.26 miles

  • Midvalley School

    1.29 miles

  • Hillcrest High School

    1.35 miles

  • Riverview Junior High School

    1.60 miles

  • Midvale Elementary

    1.61 miles

  • Murray School District Early Childhood Education Center

    0.64 miles

  • ABC Great Beginnings Child Care

    0.89 miles

  • Tender Touch

    1.62 miles

  • La Petite Academy

    3.45 miles

  • Millcreek Activity Center

    3.56 miles

  • Lit'l Scholars Learning Center

    3.83 miles

  • Tender Touch

    4.31 miles

  • Children's Corner

    4.98 miles

  • Little Critters Child Care

    5.13 miles

  • Utah Community Action

    5.25 miles

Contact Listing Broker

broker

Howard Layton

Colliers

(801) 947-8346