10012 North 4800 West
Cedar Hills, UT
Price:
$2,780,000
Cap Rate:
5.75%
NOI:
$159,686
Building Size:
Approx. 2,945 Sq. Ft.
Lot Size:
Approx. 0.34 Acres
Type:
Single-Tenant / Retail
Sub Category:
Automotive Service
Year Built:
2023
Investment Overview
- 2023 Construction. 2,945+/- SF Building on 0.34+/- Acre Site
- 17+ Years Remaining on a 20-Year Absolute NNN Lease with 2% Annual Rental Increases, & (3) 5-Year Options to Renew
- Nearby Many Large Economic Drivers – Lone Peak High School (2,600+ Students), Walmart (1.5MM Visitors/Yr; 200K SF), & Many More
- Located in Heart of Utah’s Tech Corridor – Near Adobe (2k+ Employees), Oracle (3k+ Employees), Qualtrics (1.5k+ employees), & More
- High Density, Affluent Trade Area – Med. HH Incomes w/in 1 Mile: $152,055, 3 Miles: $143,984, 5 Miles: $125,286
- Valvoline is a Well-Established and Globally Recognized Brand – 2,010+ Locations, 27M+ Services/Yr., & Ranked #1 Automotive Services Retailer
- Cedar Hills | Fast-Growing, Affluent Submarket in Provo–Orem MSA | Population: 9,945+