Walgreens | Abs NNN Lease | 87K VPD 4668 S Redwood Rd 14,461 SF Retail Building Salt Lake City, UT 84123 $4,787,500 ($331.06/SF) 8% Cap Rate

Marcus & Millichap is excited to present an excellent opportunity to acquire a Walgreens pharmacy in Taylorsville, UT. The property, encompassing 14,280 square feet, is situated on a generous 2.12-acre lot with ample parking availability at 5.85 spaces per 1,000 square feet. Walgreens operates under an absolute triple net lease with nearly 9 years remaining on the original term, along with 9 optional 5-year renewals. The location has consistently demonstrated strong performance.
Positioned at a high-traffic intersection with over +87K vehicles passing daily, the property is also close to major highways like I-15 and I-25, which carry over 300,000 vehicles daily combined. The surrounding area serves a population of over 155,801 people within three miles and 383,000 within five miles, including key institutions like Salt Lake Community College, nearby senior housing, and several schools. Walgreens has solidified its dominance in the local market, effectively eliminating nearby competitors such as Rite Aid. With its reputation as the largest retail pharmacy chain in the U.S. and Europe, this property represents a standout opportunity for investors seeking a reliable, high-performing asset in a thriving area.