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Walgreens 5554 S 1900 W 13,650 SF Retail Building Roy, UT 84067 $5,576,101 CAD ($408.51 CAD/SF) 9.51% Cap Rate
Investment Highlights
- Hill Airforce Base Location - 2nd Largest US Air Force Base by Size and Population - Approx 27,000 Active Duty and Civilians
- Single Tenant Absolute NNN Corporate Lease - One of the Largest Pharmacy Chains in the United States - Over 8,000 Stores
- Population Exceeding 206,600 within a 5-Mile Radius - Average Household Income Exceeding $110,800 within a 5-Mile Radius
- Across from Northrup Grumman’s New $148 Million Facility - Massive 860,000+ SF High Security Defense Campus
- Large 2.24-Acre Land Parcel - Approx 13,650 SF Building - Adjacent to Interstate 15 – Over 131,000 VPD
- 30 Minutes from Downtown Salt Lake City – MSA Population Exceeding 1.3 Million
Executive Summary
The Snyder Carlton National Net Lease Team is pleased to offer investors the opportunity to acquire an absolute NNN Walgreens in Roy, UT. Walgreens is the second largest pharmacy chain in the U.S., has been in business over 125 years and serves over 9 million customers daily. This asset is subject to a 75-year lease with 2.2 firm years remaining and zero landlord responsibilities.
The approx. 13,650 SF building on large 2.24-acre parcel is positioned on the hard-corner, signalized intersection of S 1900 W and W 5600 S, which sees a combined traffic count exceeding 77,700 VPD and is directly adjacent to I-15 (over 131,000 VPD), Utah’s busiest thoroughfare. The subject property is across from Northrup Grumman’s new $148 million facility – Roy Innovation Center—which is equipped with state-of-the-art technology and resources for development, testing and integration of missile systems to support the $140 billion Sentinel Missile Program. Northrop Grumman is the largest defense employer in Utah with over 10,000 direct employees, supports more than 46,000 jobs and generates over $12 billion for the state’s economy. Hill Air Force Base, the second largest Air Force base by population and size, lies across from the subject property and is the largest single-site employer in Utah which supports a total workforce of ~27,000, including over 5,600 active-duty members and more than 14,000 government civilians.
This dense infill location has a population of over 206,000 and average household income over $110,000. It sits on a major retail corridor and traffic thoroughfare just north Salt Lake City (MSA population exceeding 1.3 million).
The approx. 13,650 SF building on large 2.24-acre parcel is positioned on the hard-corner, signalized intersection of S 1900 W and W 5600 S, which sees a combined traffic count exceeding 77,700 VPD and is directly adjacent to I-15 (over 131,000 VPD), Utah’s busiest thoroughfare. The subject property is across from Northrup Grumman’s new $148 million facility – Roy Innovation Center—which is equipped with state-of-the-art technology and resources for development, testing and integration of missile systems to support the $140 billion Sentinel Missile Program. Northrop Grumman is the largest defense employer in Utah with over 10,000 direct employees, supports more than 46,000 jobs and generates over $12 billion for the state’s economy. Hill Air Force Base, the second largest Air Force base by population and size, lies across from the subject property and is the largest single-site employer in Utah which supports a total workforce of ~27,000, including over 5,600 active-duty members and more than 14,000 government civilians.
This dense infill location has a population of over 206,000 and average household income over $110,000. It sits on a major retail corridor and traffic thoroughfare just north Salt Lake City (MSA population exceeding 1.3 million).
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
13,650 SF
Building Class
B
Year Built
2003
Price
$5,576,101 CAD
Price Per SF
$408.51 CAD
Cap Rate
9.51%
NOI
$530,287 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
2.24 AC
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- -
-
Lorem Ipsum
-
Jan 0000
Walgreens Boots Alliance began with Walgreens, which was founded in 1901 and grew from a neighborhood drugstore into a large pharmacy and retail business. The company was formed later through the combination of Walgreens and Alliance Boots, creating a business with a broad presence in pharmacy retail and health-focused services. Its operations include retail pharmacy, healthcare services, and pharmaceutical wholesale, with digital and in-store offerings that support prescription access, consultations, immunizations, and wellness products. Walgreens Boots Alliance has remained centered on pharmacy-led care while serving customers through a mix of community locations and online channels.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 08-113-0053 | Improvements Assessment | $3,075,551 CAD |
| Land Assessment | $1,675,650 CAD | Total Assessment | $4,751,201 CAD |
Property Taxes
Parcel Number
08-113-0053
Land Assessment
$1,675,650 CAD
Improvements Assessment
$3,075,551 CAD
Total Assessment
$4,751,201 CAD
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Walgreens | 5554 S 1900 W
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