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30862008
30862070

5554 S 1900 W, Roy, UT 84067

HL
UT UT 5451676-PB
Colliers - Salt Lake City, Utah
JS
CA 01360233
Colliers - Los Angeles - Orange County, California
EC
CA 01809955, NV S0172067 (+4)
Colliers - Los Angeles - Orange County, California
Listed by Colliers - Salt Lake City, Utah, Colliers - Los Angeles - Orange County, California
$3,995,000
96 days on market
Updated 73 days ago

Walgreens

Details
APN 08-113-0053
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 13,650
Units 1
Cap Rate 9.51%
NOI $380,000
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Term 25.1
Lease Expiration 05/31/2028
Remaining Term 2
Rent Bumps No
Lease Options 10 - 5 Year Termination Options Starting 6/1/2033
Broker Co-Op Yes
Buildings 1
Stories 1
Acreage 2.240
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 05/02/2003

Retail | 9.51% CAP | 13,650 SqFt

Investment highlights

  • Hill Airforce Base Location – Largest Employer in Utah

    • 2nd Largest US Air Force Base by Size and Population

    • Approx 27,000 Active Duty and Civilians

    • Largest Single-Site Employer in Utah

    • Annual Economic Impact of Over $12.7 Billion to Utah

  • Across from Northrup Grumman’s New $148 Million Facility

    • Roy Innovation Center (RIC)

    • Massive 860,000+ SF High Security Defense Campus

    • Primary Hub for Northrup Grumman’s Sentinel Program

    • Approximately 3,000 Employees

  • Single Tenant Absolute NNN Corporate Lease

    • One of the Largest Pharmacy Chains in the United States

    • Over 8,000 Stores in All 50 States, Washington, D.C., Puerto Rico & U.S. Virgin Islands

    • Approx 2.2 Lease Years Remaining on Lease

    • Long-Term Occupancy – 23 Years at this Location

    • 75-Year Primary Term – Option to Terminate Beginning in 2028

  • Large 2.24-Acre Land Parcel - Approx 13,650 SF Building

    • 15 Freeway Visibility and Freeway Intersection

    • High Traffic Intersection of S 1900 W and W 5600 S – Over 77,700 VPD

    • Adjacent to Interstate 15 –– Over 131,000 VPD

  • Dense Infill Trade Area – Major Retail Corridor

    • Population Exceeding 206,600 within a 5-Mile Radius

    • Average Household Income Exceeding $110,800 within a 5-Mile Radius

    • Adjacent to Harmons Grocery, Smith’s, Ocean Mart, EOS Fitness

    • 1.5 Miles from Riverdale Retail Corridor – Major Tenants Include Target,

      Walmart Supercenter, Sam’s Club, The Home Depot, Hobby Lobby & At Home

    • 30 Minutes from Downtown Salt Lake City – MSA Population Exceeding 1.3 Million

Listing Contacts

HL
UT UT 5451676-PB
Colliers - Salt Lake City, Utah
JS
CA 01360233
Colliers - Los Angeles - Orange County, California
EC
CA 01809955, NV S0172067 (+4)
Colliers - Los Angeles - Orange County, California
Listed by Colliers - Salt Lake City, Utah, Colliers - Los Angeles - Orange County, California

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$380,000.00
$31,666.67/mo

Valuation Metrics

0
DSCR
9.51%
Cap Rate
9.51%
ROI

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Additional Information

Name
Howard Layton
License
UT 5451676-PB
Brokerage
Colliers International Intermountain
Title
Principal Broker
Brokerage Address
6440 S Wasatch Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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