702 S Main St
Moab, UT 84532

$9,870,000 USD

General Retail For Sale • 43,790 SF

Property Details

Property Type General Retail
Total Building Size 43,676 SF
Lot Size 2.59 AC
Building Class C
Year Built 1957
Tenancy Multiple
Zoning C-4

40 Walk Score

                
                    Highlights
                
                                100% occupied across eight suites, with no vacancy, on Moab’s primary commercial corridor.
                            
                                Grocery-anchored by The Village Market, a full-service independent grocer in occupancy since 2005 across 44% of the property.
                            
                                Federal-government tenancy from the U.S. Department of Veterans Affairs on a lease running through September 2036 with 2% annual increases.
                            
                                Four of eight tenants have held space at the center for more than a decade, three of them for two decades or more.
                            
                                In-place base rent averages $14.40 per square foot against a most recent lease struck at $24.00 NNN.
                            
                                Roughly 39% of income expires across 2027 and 2028 if renewal options are not exercised.