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    4668 S Redwood Rd Salt Lake City, UT 84123

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    For Sale
    $5,106,667

    NNN lease with corporate guarantee by Walgreens Co.

    Property size:
    14,461 SF
    Lot size:
    1.51 Acres

    Property Features for 4668 S Redwood Rd

    General Information

    Size
    14,461 SF
    Lot size
    1.51 Acres

    Source: Marcus & Millichap | Denver Agent Adam Lewis

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Walgreens NNN Lease Investment Opportunity

    This property features a corporate-guaranteed lease by Walgreens Co., with approximately 9 years remaining on an absolute NNN lease that requires no landlord responsibilities. Walgreens recently extended their lease, bringing the firm term to 2034. The tenant has been at this location for 22.5 years. The property is situated in the heart of the Salt Lake City MSA on Redwood Rd, which experiences a traffic volume of 39,363 vehicles per day, and is located just off the W Taylorsville Expressway, which sees 47,140 vehicles per day. It is also located one block from Salt Lake Community College, which has an average annual enrollment of 35,000 students. Walgreens (NYSE: WAG) is the second-largest pharmacy store chain in the United States, with over 8,600 locations and a total revenue of over $142.4 billion in 2023. The property size is 14,461 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    SemaConnect Charging Station Electric Vehicle Charging Station

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Omnicare Pharmacy, Olive Pharmacy, House Of Vapes, Activz, Amerita Specialty Infusion Services - Salt Lake City

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.9394193
    Latitude
    40.6684076

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    FAQs

    What type of property is this?
    Drug store - NNN lease with corporate guarantee by Walgreens Co.
    Where is this drug store located?
    The property is located at 4668 S Redwood Rd Salt Lake City, UT.
    What is the asking price?
    The asking price for this property is $5,106,667.
    What are key features of this property?
    This property features: - Corporate guaranteed lease by Walgreens Co.; - Absolute NNN lease with approximately 9 years remaining and no landlord responsibilities.; - High-traffic location on Redwood Rd (39,363 VPD) near W Taylorsville Expressway (47,140 VPD) in Salt Lake City MSA.
    (303) 328-2000
    Request Owner's contact information
    4668 S Redwood Rd Salt Lake City, UT 84123
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    Salt Lake City, UT 84123
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4668 S Redwood Rd Salt Lake City, UT 84123
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