Walgreens
188 North Main Street, Tooele, UT 84074
For Sale
Contact for pricing
The single-tenant property is leased under an Absolute NNN structure with scheduled rent increases.
Property SizeContact for details
Days on Market33
Property Features for 188 North Main Street
General Information
Standard status
Property subtype
Tenancy & Operations
Currently Operating
Tenant in Place
Building Details
Tenancy
Listing Agency:
Bang Realty
Listed By:
Brian Brockman · License #701472
(859) 581-1113
Source:
Crexi
Added: Oct 8
Changed: Nov 8
Last Checked: Nov 8 at 6:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bang Realty
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Investment Insights
Based on property information with market context.
Located at 188 North Main Street in Tooele, this single-tenant Walgreens operates under an Absolute NNN lease. The lease includes 5% rent increases every five years during both the initial term and option periods. The store is reported to rank in the top 12th percentile of Walgreens locations nationally and the top 25th percentile for customer visits in Utah, with a 1.26 rent-to-sales ratio. The nearest competing major-chain drugstore is more than 15 miles away.
The property sits in Tooele’s retail corridor, near a Walmart Supercenter, Lucky Grocery, Hobby Lobby, TJ Maxx, and VASA Fitness. Peterson Industrial Depot is 1.5 miles away; the development is described as having 2.3 million square feet of existing space and 850 developable acres. Downtown Salt Lake City is 27 miles away.
The property sits in Tooele’s retail corridor, near a Walmart Supercenter, Lucky Grocery, Hobby Lobby, TJ Maxx, and VASA Fitness. Peterson Industrial Depot is 1.5 miles away; the development is described as having 2.3 million square feet of existing space and 850 developable acres. Downtown Salt Lake City is 27 miles away.
Key Highlights
- Walgreens store ranks in the top 12th percentile of U.S. locations and top 25th percentile for Utah customer visits
- 1.26 rent‑to‑sales ratio
- Absolute NNN lease with 5% increases every five years through the initial term and option periods
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84074, UT
55,001
Population
18,128
Households
3
Avg Household Size
31
Median Age
24%
College-Educated
93%
High-School Grad
174.3 sq mi
ZIP Area
316
Density / Sq Mi
$102,313
Median Household Income
$47,385
Median Earnings
$1,197
Median Rent
$383,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Drug store - The single-tenant property is leased under an Absolute NNN structure with scheduled rent increases.
Where is this drug store located?
The property is located at 188 North Main Street Tooele, UT.
What is the asking price?
The asking price for this property is $4,205,000.
What are key features of this property?
This property features: Walgreens store ranks in the top 12th percentile of U.S. locations and top 25th percentile for Utah customer visits; 1.26 rent‑to‑sales ratio; Absolute NNN lease with 5% increases every five years through the initial term and option periods
