9426 S 700 E, Sandy, UT

Property Detail

Type Status Price 8,000,000 Area (sf)14,225Street Address9426 S 700 EStateUTZip code84070

Property Description


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Lot Size: ± 60,113 SF (1.45 Acres)
Net Rentable Area: ± 14,225 SF
Lease Type: Absolute Net Lease (Zero Landlord Responsibilities)
Year Built: 2005

• Established national credit tenant on 25-year NNN lease (12 years remaining) plus Ten (10) Five (5) year renewal options
• Walgreen’s (NYSE: WBA, S&P: BBB) is the nation’s #1 pharmacy chain with revenue in excess of $117 billion, and over 14,500 locations and over 385,000 employees
• Strong Store Sales
• Percentage Rent – 2% of gross sales excluding food and drug. 0.5% of gross sales of food & drug in excess of annual rent.
• Corporate signature absolute NNN lease
• Excellent location – located in Sandy, Utah an affluent suburb of Salt Lake City
• Located on a hard corner with over 50,000 cars per day
• Located within 3 miles from the Shops at South Town and just over 1 mile from Rio Tinto Stadium
• Attractive household incomes in excess of $100,000 per year within a 5-mile radius
• Low management/low hassle long-term NNN lease
• Attractive market financing available. For details, please contact the listing team, or Jeff Jacobsen at Broadway Capital,(310) 561-8123, jeff@broadwaycapitalpartners.com


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