1428 N Redwood Rd - Freestanding FOR SALE


Saratoga Springs, UT 84045
$2,665,600 USD
801-518-3999
1428 N Redwood Rd, Saratoga Springs, UT for Sale
$2,665,600 USD
Freestanding - FOR SALE
1/4
null | 5.5% Cap Rate

1428 N Redwood Rd
Saratoga Springs, UT 84045


OVERVIEW

10-year O’Reilly Auto Parts investment opportunity in Saratoga Springs, one of Utah County’s fastest-growing communities. The property is backed by a newly executed 10-year lease with O’Reilly Auto Parts, a nationally recognized, investment-grade automotive parts retailer, providing long-term income with limited near-term rollover risk. • Annual Base Rent: $148,608 • Estimated NOI: $146,608 • Rent Growth: 20% scheduled increase in 2031 • Lease Structure: NNN – tenant reimburses real estate taxes, insurance, CAM and various property-level expenses • Location: Redwood Road, a primary Saratoga Springs commercial corridor • Market: High-growth Utah County location near the Lehi / Silicon Slopes employment corridor • Parking: Recorded reciprocal/shared parking rights within the shopping center The property benefits from strong traffic counts, continued residential development and a long-term lease commitment from a nationally recognized tenant. The offering provides an attractive combination of stable income, contractual rent growth and long-term real estate fundamentals. •Address Note: Parcel 66-242-0009 is reflected in public records as 1487 N. Redwood Rd., Saratoga Springs, UT 84045. The property’s mailing address is 1428 N. Redwood Rd., Saratoga Springs, UT 84045.

FOR SALE DETAILS

PRICE

$2,665,600 USD

PRICE/SF

$381 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

Reginal Commercial

APN/PARCEL ID

66-242-0009

ASK ABOUT THIS PROPERTY

Stacie PapanikolasTri-Co Realty & InvestmentMore Info
801-518-3999

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Stacie PapanikolasTri-Co Realty & InvestmentMore Info
801-518-3999

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.