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4040 W 5415 S
Salt Lake City, UT 84118
Walgreens I New 15 Yr Term I 5.15 CAP · Retail Property For Sale
Investment Highlights
- STABLE INCOME-Rental income guaranteed by Walgreens Corporation with over 8,600 locations.
- LIMITED DRUGSTORE COMPETITION - No other drugstore within a 3-mile radius of subject property.
- DENSE URBAN INFILL SALT LAKE CITY MSA -400k residents in a 5-mile radius of the property. 10k rooftops within 1.5-mile radius.
- ABSOLUTE NET LEASE WITH NEW 15 YR TERM - Walgreens has agreed to a new 15-year absolute net lease with 10 (5-year) options to extend.
- STRONG TRAFFIC COUNTS - 36k vehicles per day and is .02 miles west of Bangerter Hwy with 65k vehicles per day.
- MAJOR EMPLOYERS NEARBY- Intermountain Healthcare, Zions Bank, Overstock, Delta Air Lines, Adobe Systems, 3M Health Information Systems and Microsoft.
Property Facts
Property Type
Retail
Property Subtype
Building Size
15,017 SF
Building Class
B
Year Built/Renovated
2001/2006
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.47 AC
Zoning
C-2
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | 21-07-478-037-0000 | Improvements Assessment | $3,884,300 |
| Land Assessment | $1,414,200 | Total Assessment | $5,298,500 |
Property Taxes
Parcel Number
21-07-478-037-0000
Land Assessment
$1,414,200
Improvements Assessment
$3,884,300
Total Assessment
$5,298,500
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