5570 S Van Winkle Expy
Murray, UT 84117
7-Eleven · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Recently constructed 3,000± square foot single-story retail building and 12 pumps under canopy on a 0.58± acre lot in Murray, UT
- 7-Eleven is the largest convenience store chain in the United States that licenses or franchises over 12,800 locations
- Seven and i Holdings Co., LTD, a Japanese diversified parent company (Parent), reported companywide revenue across seven business segments of $86.5B
- Long-term net lease with 10% rental increases every 5 years throughout the lease, providing solid rent growth and a hedge against inflation
- The tenant, 7-Eleven, Inc., maintains an S&P investment grade credit rating of “A” with a “stable” outlook
- Desirable outparcel site to a busy shopping center, located along the well-trafficked Van Winkle Expressway with 14,940 VPDs
EXECUTIVE SUMMARY
Cushman & Wakefield is pleased to present a recently constructed 3,000± square foot single-story retail building built in 2021. Leased to 7-Eleven, Inc., the property has 12 pumps under a canopy with ample parking on site. The lease is net with the tenant responsible for taxes, insurance, and maintenance with the landlord responsible for roof and structure. The regular maintenance of the property’s common areas, including the cost of the landlord’s insurance and excluding capital expenditures, shall be reimbursed to the Landlord with a 10% management fee for those costs. There are four 5-year options to renew with the same 10% rental increase at the start of each option.
The property is an outparcel to a center located along the well-trafficked Van Winkle Expressway (State Route 152), which boasts 14,940 VPD. The Van Winkle Expressway serves as a crucial arterial in the Salt Lake City metropolitan area, linking the eastern neighborhoods of Salt Lake City to the city of Murray. The site has strong demographics with a population of over 123,000 and an average household income of $131,600 within three miles. Within the site’s immediate area, there are various uses, including shopping centers, schools, country clubs, and dense suburban residential. Tenants in the surrounding area include Walgreens, AutoZone, Macey’s, Petsmart, Ace Hardware, Dollar Tree, Dutch Bros, Starbucks, EOS Fitness, and other national tenants.
In association with Rick Newton, a Utah Licensee.
The property is an outparcel to a center located along the well-trafficked Van Winkle Expressway (State Route 152), which boasts 14,940 VPD. The Van Winkle Expressway serves as a crucial arterial in the Salt Lake City metropolitan area, linking the eastern neighborhoods of Salt Lake City to the city of Murray. The site has strong demographics with a population of over 123,000 and an average household income of $131,600 within three miles. Within the site’s immediate area, there are various uses, including shopping centers, schools, country clubs, and dense suburban residential. Tenants in the surrounding area include Walgreens, AutoZone, Macey’s, Petsmart, Ace Hardware, Dollar Tree, Dutch Bros, Starbucks, EOS Fitness, and other national tenants.
In association with Rick Newton, a Utah Licensee.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
3,000 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2021
Price
$3,358,000
Price Per SF
$1,119.33
Cap Rate
4.32%
NOI
$145,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.58 AC
Zoning
C - Commercial
Frontage
146’ on Van Winkle
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 22-16-102-052-0000 | Improvements Assessment | $1,030,200 |
| Land Assessment | $610,800 | Total Assessment | $1,641,000 |
