420 S Main St - Drug Store FOR SALE


Springville, UT 84663
$4,830,000 USD
801-456-8800
420 S Main St, Springville, UT for Sale
$4,830,000 USD
Drug Store - FOR SALE
1/4
null | 7.87% Cap Rate

420 S Main St
Springville, UT 84663


HIGHLIGHTS

  • 25 Year Absolute net Lease
  • Renewal Options
  • Minimal Landlord Responsibilities
  • Excellent Access & Visibility
  • Attractive Tenants
  • Email for more details!

OVERVIEW

Newmark Mountain West is proud to present the opportunity to acquire a Single-Tenant Walgreens at 420 S. Main St. anchors the walkable, historic downtown of Springville, Utah, a fast-growing, family-oriented “Art City” of about 35,500 residents known for its pioneer heritage, the Springville Museum of Art, and stunning Wasatch Mountain views. This affordable, middle-class community offers a classic small-town feel with local favorites like Magleby’s restaurant, Cafe Rio, and Ream’s Market nearby, plus easy access to parks, Hobble Creek Canyon trails, and top-rated schools. Open daily until 11 PM with a drive-thru pharmacy, the store serves as a convenient everyday hub in a safe, artsy, and outdoors-focused suburb just minutes from Provo and I-15.

FOR SALE DETAILS

PRICE

$4,830,000 USD

PRICE/SF

$345 USD /SF

CAP RATE

7.87%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.38 AC

LAND SF

60,113 SF

ZONING

MSSG

APN/PARCEL ID

23:036:0109

ASK ABOUT THIS PROPERTY

Scott BradyMountain West RetailMore Info
801-456-8800

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Scott BradyMountain West RetailMore Info
801-456-8800

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