1428 N Redwood Rd 7,000 SF Retail Building Saratoga Springs, UT 84045 $2,665,600 ($380.80/SF) 5.50% Cap Rate

10-year O’Reilly Auto Parts investment opportunity in one of Utah County’s fastest-growing communities. The property is backed by a newly executed 10-year lease with O’Reilly Auto Parts, a nationally recognized, investment-grade automotive parts retailer, providing an investor with long-term income and limited near-term rollover risk. The lease generates $148,608 in annual base rent with an estimated NOI of $146,608 and features scheduled rental increases, including a 20% increase in 2031.
The property is strategically positioned along Redwood Road, one of Saratoga Springs’ primary commercial corridors, within one of Utah County’s fastest-growing communities. The site benefits from strong traffic counts, expanding residential development, and proximity to the broader Lehi/Silicon Slopes employment corridor.
The property operates under an NNN lease structure, with the tenant responsible for real estate taxes, insurance, CAM reimbursements, and various property-level expenses. The site also benefits from recorded reciprocal parking rights throughout the shopping center’s common facilities.
With a nationally recognized tenant, long-term lease commitment, strong underlying real estate, and location in a high-growth Utah market, this offering provides an attractive combination of stable income and long-term investment fundamentals.
Parcel Number 66-242-0009 shows the property address as 1487 N Redwood Rd. Saratoga Springs,
UT 84045. However, their mailing address is different than public record and is 1428 N Redwood Rd.
Saratoga Springs, UT 84045.