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1884 N Freedom Blvd
Provo, UT 84604
1884 N University Pkwy, Provo · Retail Property For Sale
Investment Highlights
- Located directly adjacent to Brigham Young University
- Maximum exposure on a high traffic road
Executive Summary
• New Long-Term Lease: The property offers a 25-year NNN lease with great investment potential.
• High Credit Tenants: Nearby tenants are well-known national brands like Walmart Market and Olive Garden. Site is also located near University Mall, providing a dependable revenue stream.
• Large Surrounding Population: The property is located in close proximity to Brigham Young University with 34,737students. LaVell Edwards Stadium is located 0.6 miles from the property and has a current 63,470-seat capacity.
• The Utah County Market has Low Retail Vacancy: Utah County’s robust retail market continues gain attention for the high growth it is experiencing, keeping demand high and driving continued competition for space. This has resulted in a very low 2.02 percent vacancy and a rise in average asking lease rates.
• High Traffic Counts: The property benefits from excellent visibility and access with traffic counts of 40,000 ADT along University Pkwy,
driving consistent foot traffic to the center.
• High Credit Tenants: Nearby tenants are well-known national brands like Walmart Market and Olive Garden. Site is also located near University Mall, providing a dependable revenue stream.
• Large Surrounding Population: The property is located in close proximity to Brigham Young University with 34,737students. LaVell Edwards Stadium is located 0.6 miles from the property and has a current 63,470-seat capacity.
• The Utah County Market has Low Retail Vacancy: Utah County’s robust retail market continues gain attention for the high growth it is experiencing, keeping demand high and driving continued competition for space. This has resulted in a very low 2.02 percent vacancy and a rise in average asking lease rates.
• High Traffic Counts: The property benefits from excellent visibility and access with traffic counts of 40,000 ADT along University Pkwy,
driving consistent foot traffic to the center.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
4,706 SF
Building Class
C
Year Built
2025
Price
$5,935,292 CAD
Price Per SF
$1,261.22 CAD
Cap Rate
5%
NOI
$296,765 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.97 AC
Zoning
COMMERCIAL
Parking
20 Spaces (4.25 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 19-069-0033 | Improvements Assessment | $1,744,571 CAD |
| Land Assessment | $1,494,749 CAD | Total Assessment | $3,239,321 CAD |
Property Taxes
Parcel Number
19-069-0033
Land Assessment
$1,494,749 CAD
Improvements Assessment
$1,744,571 CAD
Total Assessment
$3,239,321 CAD
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