5554 S 1900 W - Drug Store FOR SALE


Roy, UT 84067
$4,470,000 USD
949-724-5552
5554 S 1900 W, Roy, UT for Sale
$4,470,000 USD
Drug Store - FOR SALE
1/7
null | 8.5% Cap Rate

5554 S 1900 W
Roy, UT 84067


HIGHLIGHTS

  • Hill Airforce Base Location - 2nd Largest US Air Force Base by Size and Population - Approx 27,000 Active Duty and Civilians
  • Across from Northrup Grumman’s New $148 Million Facility - Massive 860,000+ SF High Security Defense Campus
  • Single Tenant Absolute NNN Corporate Lease - One of the Largest Pharmacy Chains in the United States - Over 8,000 Stores
  • Large 2.24-Acre Land Parcel - Approx 13,650 SF Building - Adjacent to Interstate 15 – Over 131,000 VPD
  • Population Exceeding 206,600 within a 5-Mile Radius - Average Household Income Exceeding $110,800 within a 5-Mile Radius
  • 30 Minutes from Downtown Salt Lake City – MSA Population Exceeding 1.3 Million

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer investors the opportunity to acquire an absolute NNN Walgreens in Roy, UT. Walgreens is the second largest pharmacy chain in the U.S., has been in business over 125 years and serves over 9 million customers daily. This asset is subject to a 75-year lease with 2.2 firm years remaining and zero landlord responsibilities. The approx. 13,650 SF building on large 2.24-acre parcel is positioned on the hard-corner, signalized intersection of S 1900 W and W 5600 S, which sees a combined traffic count exceeding 77,700 VPD and is directly adjacent to I-15 (over 131,000 VPD), Utah’s busiest thoroughfare. The subject property is across from Northrup Grumman’s new $148 million facility – Roy Innovation Center—which is equipped with state-of-the-art technology and resources for development, testing and integration of missile systems to support the $140 billion Sentinel Missile Program. Northrop Grumman is the largest defense employer in Utah with over 10,000 direct employees, supports more than 46,000 jobs and generates over $12 billion for the state’s economy. Hill Air Force Base, the second largest Air Force base by population and size, lies across from the subject property and is the largest single-site employer in Utah which supports a total workforce of ~27,000, including over 5,600 active-duty members and more than 14,000 government civilians. This dense infill location has a population of over 206,000 and average household income over $110,000. It sits on a major retail corridor and traffic thoroughfare just north Salt Lake City (MSA population exceeding 1.3 million).

FOR SALE DETAILS

PRICE

$4,470,000 USD

PRICE/SF

$330 USD /SF

CAP RATE

8.5%

% 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

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.24 AC

LAND SF

97,574 SF

ZONING

-

APN/PARCEL ID

08-113-0053

ASK ABOUT THIS PROPERTY

Jereme SnyderColliersMore Info
949-724-5552

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Jereme SnyderColliersMore Info
949-724-5552

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