8382 Arbor Park Dr - Freestanding FOR SALE


Magna, UT 84044
$1,621,000 USD
570-762-6075
8382 Arbor Park Dr, Magna, UT for Sale
$1,621,000 USD
Freestanding - FOR SALE
1/10
null | 5.4% Cap Rate

8382 Arbor Park Dr
Magna, UT 84044


HIGHLIGHTS

  • 10 Year Lease | Annual 3% Rental Increases | 2024 Construction
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Outparcel to Walmart | Dense Retail Corridor (1.7M+ Visits) |Near On/Off Ramps of State Highway 201 (40,700 VPD)
  • Strong Demographics In 5-Mile Trade Area | Direct Consumer Base

OVERVIEW

SRS National Net lease Group, LP is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, new construction, Swig investment property located in Magna, Utah (Salt Lake City MSA). The tenant recently signed a new 10 year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features annual 3% rental increases throughout the initial term and each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$1,621,000 USD

PRICE/SF

$1,351 USD /SF

CAP RATE

5.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Swig

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

C-2

APN/PARCEL ID

14-32-201-153

ASK ABOUT THIS PROPERTY

Jack CornellSRS Real Estate PartnersMore Info
570-762-6075

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Jack CornellSRS Real Estate PartnersMore Info
570-762-6075

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