Map
Listed price in listed location currency (USD).
$2,665,600

000

MLS® 2182459

Overview

Key Facts

Type Retail
Levels Commercial Sale
Size -
Garage 
Taxes $15,626
Days Active 10
Lot Size 0.78 Acres
Approx. Age 2006
MLS® Number 2182459

Property Address: 1487 N Redwood Rd, Saratoga Springs, UT, 84045

Average square foot calculated using Size range provided by listing agent.

Description

10-year O'Reilly Auto Parts investment opportunity in Saratoga Springs, one of Utah County's fastest-growing communities. The property is backed by a newly executed 10-year lease with O'Reilly Auto Parts, a nationally recognized, investment-grade automotive parts retailer, providing long-term income with limited near-term rollover risk. Annual Base Rent: $148, 608 Estimated NOI: $146, 608 Rent Growth: 20% scheduled increase in 2031 Lease Structure: NNN tenant reimburses real estate taxes, insurance, CAM and various property-level expenses Location: Redwood Road, a primary Saratoga Springs commercial corridor Market: High-growth Utah County location near the Lehi / Silicon Slopes employment corridor Parking: Recorded reciprocal/shared parking rights within the shopping center The property benefits from strong traffic counts, continued residential development and a long-term lease commitment from a nationally recognized tenant. The offering provides an attractive combination of stable income, contractual rent growth and long-term real estate fundamentals. Address Note: Parcel 66-242-0009 is reflected in public records as 1487 N. Redwood Rd., Saratoga Springs, UT 84045. The property's mailing address is 1428 N. Redwood Rd., Saratoga Springs, UT 84045.
MLS® Number2182459
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age2006
Basement
Driveway
Garage Spaces
Heat
A/C

Extras

Map

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