Log In/Sign Up
Your email has been sent.
Walgreens 420 S Main St 14,000 SF Retail Building Springville, UT 84663 $4,830,000 ($345/SF) 7.87% Cap Rate
Investment Highlights
- 25 Year Absolute net Lease
- Minimal Landlord Responsibilities
- Attractive Tenants
- Renewal Options
- Excellent Access & Visibility
- Email for more details!
Executive Summary
Newmark Mountain West is proud to present the opportunity to acquire a Single-Tenant Walgreens at 420 S. Main St. anchors the walkable, historic downtown of Springville, Utah, a fast-growing, family-oriented “Art City” of about 35,500 residents known for its pioneer heritage, the Springville Museum of Art, and stunning Wasatch Mountain views. This affordable, middle-class community offers a classic small-town feel with local favorites like Magleby’s restaurant, Cafe Rio, and Ream’s Market nearby, plus easy access to parks, Hobble Creek Canyon trails, and top-rated schools. Open daily until 11 PM with a drive-thru pharmacy, the store serves as a convenient everyday hub in a safe, artsy, and outdoors-focused suburb just minutes from Provo and I-15.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
14,000 SF
Building Class
C
Year Built
2006
Price
$4,830,000
Price Per SF
$345
Cap Rate
7.87%
NOI
$380,004
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.38 AC
Zoning
MSSG - Main Street South Gateway
Parking
45 Spaces (3.21 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signalized Intersection
- Drive Thru
- Car Charging Station
Walk Score®
Very Walkable (71)
Nearby Major Retailers
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Walgreens | 420 S Main St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.