90 N MAIN ST Blanding, UT 84511

Commercial building leased to United States Post Office in Blanding Utah. Current lease contract expires January 2024, with new contract proposal on the table that will increase rental revenue and CAP rate. The USPS lease contract is a 5 year initial term with 2 additional 5 year extensions, including built in rent increases at each renewal. USPS reimburses owner for taxes each year. Current contract has owner responsible for building repairs and capital expenditures, and tenant responsible for taxes, cleaning, and general care. This is a long term investment opportunity with a great long term tenant.