Retail Business for Sale in Taylorsville, UT

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Taylorsville, UT 84123

Description

Marcus & Millichap is excited to present an excellent opportunity to acquire a Walgreens pharmacy in Taylorsville, UT. The property, encompassing 14,280 square feet, is situated on a generous 2.12-acre lot with ample parking availability at 5.85 spaces per 1,000 square feet. Walgreens operates under an absolute triple net lease with nearly 9 years remaining on the original term, along with 9 optional 5-year renewals. The location has consistently demonstrated strong performance. Positioned at a high-traffic intersection with over +87K vehicles passing daily, the property is also close to major highways like I-15 and I-25, which carry over 300,000 vehicles daily combined. The surrounding area serves a population of over 155,801 people within three miles and 383,000 within five miles, including key institutions like Salt Lake Community College, nearby senior housing, and several schools. Walgreens has solidified its dominance in the local market, effectively eliminating nearby competitors such as Rite Aid. With its reputation as the largest retail pharmacy chain in the U.S. and Europe, this property represents a standout opportunity for investors seeking a reliable, high-performing asset in a thriving area. Investment Highlights: • Nearly 9 Years Remaining on an Absolute NNN Lease With No Landlord Responsibilities | Walgreens Recently Extended Their Lease Bringing the Firm Term to 2034 • Lease Is Corporate Guaranteed by Walgreens Co. | Tenant Has Been at This Location for 22.5 Years Showing Their Commitment to This Location • Excellent Location on Redwood Rd (39,363K VPD) Just off the W Taylorsville Expressway (47,140K VPD) in the Heart of Salt Lake City MSA • Just 1 Block from the Salt Lake Community College, Which Has an Average Annual Enrollment of 35K Students. • Walgreens (NYSE: WAG) Is the Second Largest Pharmacy Store Chain in the United States | Over 8,600 Locations | 2023 Total Revenue Over $142.4B

Market Context

This retail in Taylorsville, UT is listed for sale. It is offered at an approximate 8.0% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 68 days. Compare it against other retail listings for sale in Taylorsville, UT — <a href="/search/sale/retail/utah/taylorsville">view the full market</a>.

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