Log In/Sign Up
Your email has been sent.
Oil Changers | Salt Lake City MSA 2840 W Clubhouse Dr 2,483 SF 100% Leased Retail Building Lehi, UT 84043 $3,990,935 CAD ($1,607.30 CAD/SF) 5.85% Cap Rate
INVESTMENT HIGHLIGHTS
- New 10-year absolute NNN lease to Oil Changers, a leading national oil change brand with 200+ locations across North America
- Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment
- In February 2025, Valvoline (NYSE: VVV) announced its $625 million acquisition of Breeze Autocare, parent of Oil Changers, adding nearly 200 stores
- 10% rental increases every five (5) years in initial term and option periods, ensuring consistent income growth
- Corporate-backed lease by Oil Changer Holding Corporation provides investor confidence in a proven automotive service brand
- Recently renovated 2,483 SF facility built in 2025, tailored to Oil Changers’ operational needs for quick oil change services
EXECUTIVE SUMMARY
Prime Retail Location: High-visibility and easily accessible location near the signalized intersection of West Club House Drive and Ashton Boulevard (combined 25,000+ AADT). Reliable Tenancy: Corporate-backed lease by Oil Changer Holding Corporation provides investor confidence in a proven automotive service brand. Strong Demographic Base: The five-mile radius serves a populousregion of 166,706, with an average annual household income of $170,247. Prime Lehi Location: Excellent proximity to Mountainland Technical
College – Lehi (3,758 students) and one mile from Lehi’s largest employer, Adobe (apprx. 2,200 employees). Zero Management Responsibilities: Absolute NNN lease structure
transfers maintenance and expense obligations to tenant, including roof, structure, and parking lot. Growing Market Dynamics: Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise this Oil Changers and Lehi for steady concurrent growth.
College – Lehi (3,758 students) and one mile from Lehi’s largest employer, Adobe (apprx. 2,200 employees). Zero Management Responsibilities: Absolute NNN lease structure
transfers maintenance and expense obligations to tenant, including roof, structure, and parking lot. Growing Market Dynamics: Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise this Oil Changers and Lehi for steady concurrent growth.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Building Size
2,483 SF
Building Class
B
Year Built/Renovated
2013/2025
Price
$3,990,935 CAD
Price Per SF
$1,607.30 CAD
Cap Rate
5.85%
NOI
$233,454 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.10
Lot Size
0.57 AC
Zoning
C - Commercial
Parking
3 Spaces (1.21 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 53-486-0002 | Improvements Assessment | $414,951 CAD |
| Land Assessment | $1,089,177 CAD | Total Assessment | $1,504,129 CAD |
PROPERTY TAXES
Parcel Number
53-486-0002
Land Assessment
$1,089,177 CAD
Improvements Assessment
$414,951 CAD
Total Assessment
$1,504,129 CAD
CONTACTS
-
Scott Crowle -
Russell Train -
Michael Yuras -
Vincent Aicale -
Ryan Forsyth -
Cushman & Wakefield
1 of 11
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Oil Changers | Salt Lake City MSA | 2840 W Clubhouse Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.