7-Eleven

1820 S Bangerter Hwy, Salt Lake City, UT
Deal Type:
Net Lease
Price:
$4,470,588
Cap Rate:
4.25%
Current Rent:
$190,000
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 13 years
Renewal Options:
4, 5-year options
Building Sq. Ft.:
3,000 SF
Rent Increases:
10% every 5 years
Site Size:
1.43 Acres

Investment Highlights

  • Long term, absolute NNN lease with 13 years remaining and 4, 5-yr options with 10% rent increases every 5 years in the primary term and options.
  • Investment grade credit tenant (S&P: A).
  • Situated at a signalized hard corner location on a large 1.43 acre lot with exposure to 38,000 VPD.
  • Directly north of Hwy-201 (91,000 VPD).
  • The site is surrounded by 44mm SF of industrial, providing a constant influx of local warehouse customers.
  • Recent 2021 construction.
  • Salt Lake City location.

Listing Agents

Dean Copans

Managing Director
650 465 3993
[email protected]

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