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Walgreens 5554 S 1900 W 13,650 SF Retail Building Roy, UT 84067 $4,470,000 ($327.47/SF) 8.50% Cap Rate
Investment Highlights
- Hill Airforce Base Location - 2nd Largest US Air Force Base by Size and Population - Approx 27,000 Active Duty and Civilians
- Single Tenant Absolute NNN Corporate Lease - One of the Largest Pharmacy Chains in the United States - Over 8,000 Stores
- Population Exceeding 206,600 within a 5-Mile Radius - Average Household Income Exceeding $110,800 within a 5-Mile Radius
- Across from Northrup Grumman’s New $148 Million Facility - Massive 860,000+ SF High Security Defense Campus
- Large 2.24-Acre Land Parcel - Approx 13,650 SF Building - Adjacent to Interstate 15 – Over 131,000 VPD
- 30 Minutes from Downtown Salt Lake City – MSA Population Exceeding 1.3 Million
Executive Summary
The Snyder Carlton National Net Lease Team is pleased to offer investors the opportunity to acquire an absolute NNN Walgreens in Roy, UT. Walgreens is the second largest pharmacy chain in the U.S., has been in business over 125 years and serves over 9 million customers daily. This asset is subject to a 75-year lease with 2.2 firm years remaining and zero landlord responsibilities.
The approx. 13,650 SF building on large 2.24-acre parcel is positioned on the hard-corner, signalized intersection of S 1900 W and W 5600 S, which sees a combined traffic count exceeding 77,700 VPD and is directly adjacent to I-15 (over 131,000 VPD), Utah’s busiest thoroughfare. The subject property is across from Northrup Grumman’s new $148 million facility – Roy Innovation Center—which is equipped with state-of-the-art technology and resources for development, testing and integration of missile systems to support the $140 billion Sentinel Missile Program. Northrop Grumman is the largest defense employer in Utah with over 10,000 direct employees, supports more than 46,000 jobs and generates over $12 billion for the state’s economy. Hill Air Force Base, the second largest Air Force base by population and size, lies across from the subject property and is the largest single-site employer in Utah which supports a total workforce of ~27,000, including over 5,600 active-duty members and more than 14,000 government civilians.
This dense infill location has a population of over 206,000 and average household income over $110,000. It sits on a major retail corridor and traffic thoroughfare just north Salt Lake City (MSA population exceeding 1.3 million).
The approx. 13,650 SF building on large 2.24-acre parcel is positioned on the hard-corner, signalized intersection of S 1900 W and W 5600 S, which sees a combined traffic count exceeding 77,700 VPD and is directly adjacent to I-15 (over 131,000 VPD), Utah’s busiest thoroughfare. The subject property is across from Northrup Grumman’s new $148 million facility – Roy Innovation Center—which is equipped with state-of-the-art technology and resources for development, testing and integration of missile systems to support the $140 billion Sentinel Missile Program. Northrop Grumman is the largest defense employer in Utah with over 10,000 direct employees, supports more than 46,000 jobs and generates over $12 billion for the state’s economy. Hill Air Force Base, the second largest Air Force base by population and size, lies across from the subject property and is the largest single-site employer in Utah which supports a total workforce of ~27,000, including over 5,600 active-duty members and more than 14,000 government civilians.
This dense infill location has a population of over 206,000 and average household income over $110,000. It sits on a major retail corridor and traffic thoroughfare just north Salt Lake City (MSA population exceeding 1.3 million).
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
13,650 SF
Building Class
B
Year Built
2003
Price
$4,470,000
Price Per SF
$327.47
Cap Rate
8.50%
NOI
$380,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
2.24 AC
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- -
-
Lorem Ipsum
-
Jan 0000
Walgreens is a major U.S. pharmacy and retail chain founded in 1901 in Chicago, Illinois. The company operates thousands of locations across the United States, providing prescription medications, over-the-counter drugs, health and wellness products, and convenience items. Walgreens also offers services such as immunizations, health screenings, and photo processing. The company has expanded its healthcare offerings through partnerships and in-store clinics, aiming to integrate pharmacy services with broader health solutions. Walgreens is part of Walgreens Boots Alliance, a global pharmacy-led health and wellbeing enterprise.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | - | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 08-113-0053 | Improvements Assessment | $2,203,480 |
| Land Assessment | $1,200,520 | Total Assessment | $3,404,000 |
Property Taxes
Parcel Number
08-113-0053
Land Assessment
$1,200,520
Improvements Assessment
$2,203,480
Total Assessment
$3,404,000
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Walgreens | 5554 S 1900 W
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