Roy Retail for Sale - Davis/Weber Counties
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).
