1884 N University Pkwy
Single Tenant Investment Opportunity
Marketing description
This prime property offers exceptional visibility and unparalleled access, located directly adjacent to Brigham Young University, home to over 34,000 students. With high traffic roads surrounding the area—University Parkway, boasting 40,000 ADT, and Freedom Blvd, with 16,000 ADT— this location ensures maximum exposure. Perfect for those looking to capitalize on the vibrant student population and heavy foot and vehicle traffic. Additional amenities include fantastic signage opportunities and a convenient drive-thru, ensuring maximum exposure and accessibility for both the car wash and any future tenants. This is a turnkey investment in a prime location that offers both immediate returns and long term potential.
Investment highlights
• New Long-Term Lease: The property offers a 25-year NNN lease with great investment potential.
• High Credit Tenants: Nearby tenants are well-known national brands like Walmart Market and Olive Garden. Site is also located near University Mall, providing a dependable revenue stream.
• Large Surrounding Population: The property is located in close proximity to Brigham Young University with 34,737 students. LaVell Edwards Stadium is located 0.6 miles from the property and has a current 63,470-seat capacity.
• The Utah County Market has Low Retail Vacancy: Utah County’s robust retail market continues gain attention for the high growth it is experiencing, keeping demand high and driving continued competition for space. This has resulted in a very low 2.02 percent vacancy and a rise in average asking lease rates.
• High Traffic Counts: The property benefits from excellent visibility and access with traffic counts of 40,000 ADT along University Pkwy, driving consistent foot traffic to the center.
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