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Walgreens 420 S Main St 14,000 SF Retail Building Springville, UT 84663 $6,742,294 CAD ($481.59 CAD/SF) 7.87% Cap Rate
INVESTMENT HIGHLIGHTS
- 25 Year Absolute net Lease
- Minimal Landlord Responsibilities
- Attractive Tenants
- Renewal Options
- Excellent Access & Visibility
- Email for more details!
EXECUTIVE SUMMARY
Newmark Mountain West is proud to present the opportunity to acquire a Single-Tenant Walgreens at 420 S. Main St. anchors the walkable, historic downtown of Springville, Utah, a fast-growing, family-oriented “Art City” of about 35,500 residents known for its pioneer heritage, the Springville Museum of Art, and stunning Wasatch Mountain views. This affordable, middle-class community offers a classic small-town feel with local favorites like Magleby’s restaurant, Cafe Rio, and Ream’s Market nearby, plus easy access to parks, Hobble Creek Canyon trails, and top-rated schools. Open daily until 11 PM with a drive-thru pharmacy, the store serves as a convenient everyday hub in a safe, artsy, and outdoors-focused suburb just minutes from Provo and I-15.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
14,000 SF
Building Class
C
Year Built
2006
Price
$6,742,294 CAD
Price Per SF
$481.59 CAD
Cap Rate
7.87%
NOI
$530,455 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.38 AC
Zoning
MSSG - Main Street South Gateway
Parking
45 Spaces (3.21 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signalized Intersection
- Drive Thru
- Car Charging Station
Walk Score®
Very Walkable (71)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 25-022-0029 | Improvements Assessment | $481,902 CAD |
| Land Assessment | $617,097 CAD | Total Assessment | $1,098,999 CAD |
PROPERTY TAXES
Parcel Number
25-022-0029
Land Assessment
$617,097 CAD
Improvements Assessment
$481,902 CAD
Total Assessment
$1,098,999 CAD
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Walgreens | 420 S Main St
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