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1487 N REDWOOD RD Saratoga Springs, UT 84045
0.78 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Saratoga Walmart
MLS Listing ID 2182459
Construction Status Blt./Standing
HOA Y/N No
Year Built 2006
Annual Tax Amount $15,626
Lot Size 0.780 Acres
Acres 0.78
Lot Dimensions 0.0x0.0x0.0
Property Sub-Type Retail
Property 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.
Location
State UT
County Utah
Area Am Fork; Hlnd; Lehi; Saratog.
Interior
Fireplace No
Exterior
View Y/N No
Present Use Retail
Private Pool No
Building
Faces South
New Construction No
Construction Status Blt./Standing
Others
Senior Community No
Tax ID 66-242-0009
Listed by Trico Property Management & Real Estate LLC