Walgreens

The Snyder Carlton National Net Lease Team is pleased to offer investors the opportunity to acquire the absolute net leased 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. Demonstrating the strength of this location and commitment to this market, the tenant recently extended the firm lease term to 10.1 years with over 51 total lease years remaining (subject to termination options).

The 13,650 SF building on large 2.24-acre parcel is positioned off 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 a half mile 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 6th largest Air Force base by population, lies to the Southeast of 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. The Riverdale retail corridor is only 1.5 miles from Walgreens and is a major retail destination with major tenants including Target, Walmart Supercenter, Sam’s Club, The Home Depot, Hobby Lobby and At Home.

Don’t miss out on the excellent opportunity to purchase this Walgreens within 30 minutes of Salt Lake City (MSA population exceeding 1.3 million) on a long-term lease with no landlord responsibilities providing effortless cash flows for years to come.

Available