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Honest-1 Auto Care 1155 N Freedom Blvd 6,120 SF Retail Building Provo, UT 84604 $2,812,723 CAD ($459.60 CAD/SF) 5.35% Cap Rate

Retail Spaces Utah Provo 1155 N Freedom Blvd, Provo, UT 84604

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INVESTMENT HIGHLIGHTS

  • Honest-1 Auto has been operating at this location since 2008, for almost 17 years. The tenant has approximately 3 years remaining on the current term
  • The lease is NNN with the Tenant responsible for all expenses. Additionally, the Tenant has above market annual increases of 2.5%.
  • The property is directly across from Brigham Young University which has enrollment of 35,000+ students, also adjacent to McDonald's
  • Neighboring tenants: Utah Valley Hospital,Target, Macy's, Chick-fil-A, Dutch Bros, Starbucks, CVS, Chipotle, Raising Cane's & more

EXECUTIVE SUMMARY

Northmarq is pleased to exclusively offer this 100% occupied, absolute NNN leased Honest 1 Auto Care in booming Provo, UT. Long-tenured tenant (17 years) with 3 years remaining on current term + three 5-year FMV options. Above-market 2.5% annual escalations provide stable cash flow and rental upside at renewal (current $17.07 PSF). Added income stream from long-term ground lease with First Digital Networks (Veracity Networks, LLC) for underground cable closet—nominal $275/mo ($3,300/yr) NNN through Feb 2034 (~8.3 years remaining), no landlord expenses.

ATTACHMENTS

Honest1AutoCare-Provo-UT-OM-RG-2-2

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,120 SF
Building Class
B
Year Built
1988
Price
$2,812,723 CAD
Price Per SF
$459.60 CAD
Cap Rate
5.35%
NOI
$150,481 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.64 AC
Zoning
CG - CG (General Commercial) under Provo City Code Title 14, Chapter 14.22, which is designed for a wide variety of commercial activities.
Frontage
173’ on Freedom Blvd

AMENITIES

  • Pylon Sign
  • Signage

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • FirstDigital Networks
  • Services
  • -
  • $9.99
  • Lorem Ipsum
  • -
  • Services
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

Honest-1, the home of Eco-Friendly Auto Care®, is the nation's only auto care chain to pass our Environmentally Sustainable Actions (ESA) quality check. We offer a full range of automotive service and repairs. Along with providing the best service, Honest-1 wants to ensure our customers are thoroughly educated on the systems and services necessary to keep their vehicles in the best running condition possible.If you have had your car serviced at Honest-1 Auto Care please fill out our customer survey. Select an individual service to find more information about the service and how these services affect your vehicle's maintenance and the impact they have on our environment.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
FirstDigital Networks Services - $9.99 Lorem Ipsum -
Services 99,999 SF - Lorem Ipsum Jan 0000
1 1
Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

NEARBY MAJOR RETAILERS

Starbucks
L & L Hawaiian Barbecue
Noodles & Company
MOOYAH Burgers, Fries & Shakes
Dutch Bros
Gandolfo's New York Deli
Denny's
America First Credit Union
U.S. Bank
Smith's

PROPERTY TAXES

Parcel Number 19-072-0014 Improvements Assessment $796,711 CAD
Land Assessment $1,202,957 CAD Total Assessment $1,999,668 CAD

PROPERTY TAXES

Parcel Number
19-072-0014
Land Assessment
$1,202,957 CAD
Improvements Assessment
$796,711 CAD
Total Assessment
$1,999,668 CAD
(949) 677-4757

Still interested?

Contact the broker for more information about this property

CONTACT

  • Listing ID: 38188303

  • Date on Market: 2025-10-23

  • Last Updated:

  • Address: 1155 N Freedom Blvd, Provo, UT 84604

The North Park Retail Property at 1155 N Freedom Blvd, Provo, UT 84604 is currently available. Contact Northmarq for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

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1155 N Freedom Blvd, Provo, UT for sale Building Photo- Image 1 of 3
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1155 N Freedom Blvd, Provo, UT for sale Building Photo- Image 2 of 3
Honest-1 Front Elevation
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Honest-1 Auto Care | 1155 N Freedom Blvd
(949) 677-4757 x

Honest-1 Auto Care | 1155 N Freedom Blvd

Ronnie Givargis
(949) 677-4757

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