APEX Commercial Real Estate Services | KW South Valley Keller Williams is pleased to present to qualified buyers the exclusive opportunity to purchase a NNN Sale and Lease Back Wingers. Wingers Price, Utah is located at 205 North Hospital Dr, Price, UT 84501. The property is positioned for success as it sits between Castleview Hospital (49-Beds) and three high occupancy well branded hotels including a Super 8 (40 Rooms), Ramada (151 Rooms) and Holiday Inn Express (82 Rooms).
Wingers has occupied the property since the building was completed in 2009. This property is being offered as a sale lease back with the following terms: initial term of 5 years with Five, 5-year options and 7.50% rental increases in each option period. The landlords only responsibility is for the roof which was replaced 10 years ago. The Wingers is located right off of U.S. Route 191 on exit 240 in Price Utah. U.S. Route 191 is the major route that runs from Yellowstone National Park through Utah’s Canyonlands National Park, Arches National Park, Bears Ears National Monument, Dead Horse Point State Park and then down to the Mexico Boarder.
The Wingers is the only national chain restaurant in Carbon County and is located in a great location drawing visitors on their way to Utah’s National Parks, nearby hotels, businesses and the hospital. The total acreage of the property is 2.79 acres and will be subdivided at closing, offering 0.94 acres to the buyer, which includes the Wingers building and parking lot. This wonderful property is being offered to the market for $1,3720,000 which represents a 8.00% Cap Rate.
LOCATED BETWEEN CASTLEVIEW HOSPITAL AND THREE HOTELS Wingers
is ideally located between Castleview Hospital which is a 49-bed hospital that gives comprehensive care to the surrounding communities. The hospital offers inpatient and outpatient care in addition to physician practices. Wingers is perfectly placed in-between three hotels that have high occupancy and offer Wingers a good base to draw from. These hotels include Super 8 (40 Rooms), Holiday Inn Express (82 Rooms) and the Ramada (151 Rooms).
HIGH VISIBILITY HIGHWAY LOCATION
The Wingers performs exceptionally well due to its location along U.S. Route 191
which is the major route that runs from Yellowstone National Park through Utah’s Canyonlands National Park, Arches National Park, Bears Ears National Monument, Dead Horse Point State Park and then down to the Mexico Boarder.
RESTAURANTS IN THE AREA
In the immediate area there are several options for fast food diners but Wingers is one of the few restaurants and the only national restaurant.
MINIMAL LANDLORD RESPONSIBILITIES
The lease is NNN with the landlords only responsibility being roof. The roof was replaced 10 years ago