Walgreens Drug Store with Absolute Net
For Sale
Contact for pricing
4040 W 5415 S, Salt Lake City, UT 84118
New lease offers 15 years of term plus ten five-year extension options with no landlord expense obligations.
Property SizeContact for details
Days on Market143
Property Features for 4040 W 5415 S
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Corner Location
Yes
Traffic Count
36,000 vehicles/day
Additional Details
Cap Rate
5.15%
Building Details
Tenancy
Single
Listing Agency:
Bang Realty
(888) 737-2264
Listed By:
Brian Brockman · License #BR691523000
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 29 at 2:22PM
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
Investment Insights
Based on property information with market context.
This Walgreens drug store is subject to a newly executed 15-year absolute net lease with 10 five-year renewal options. The tenant is responsible for property and building expenses directly, leaving no landlord responsibilities under the stated lease structure. Walgreens has operated at the location for more than 15 years.
The property is 0.02 miles west of Bangerter Highway, which carries traffic counts exceeding 65,000 vehicles per day. The nearby five-mile population is nearly 400,000, and downtown Salt Lake City is 13 miles to the northeast. The Salt Lake City MSA has more than 1,200,000 residents. The offering reflects a 5.15 CAP.
The property is 0.02 miles west of Bangerter Highway, which carries traffic counts exceeding 65,000 vehicles per day. The nearby five-mile population is nearly 400,000, and downtown Salt Lake City is 13 miles to the northeast. The Salt Lake City MSA has more than 1,200,000 residents. The offering reflects a 5.15 CAP.
Key Highlights
- 15‑year absolute net lease with 10 five‑year options to extend
- Tenant pays property and building expenses directly; no landlord responsibilities
- Walgreens has more than 15 years of operating history at the location
Property Analytics
Property Profile
Current Use
Lease Details
36,000 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
560
Businesses Nearby
76k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 33%
Groceries 16%
Dutch Bros. Coffee
Dining
18,135 visits/mo
0.3 miles
Stan's Market
Groceries
11,889 visits/mo
0.2 miles
Little Caesars Pizza
Dining
7,560 visits/mo
0.2 miles
AutoZone
Shops & Services
6,156 visits/mo
0.2 miles
Jimmy John's
Dining
6,152 visits/mo
0.3 miles
Demographics for 84118, UT
41,493
Population
12,230
Households
3.4
Avg Household Size
31
Median Age
13%
College-Educated
80%
High-School Grad
13.0 sq mi
ZIP Area
3,192
Density / Sq Mi
$87,457
Median Household Income
$40,435
Median Earnings
$1,670
Median Rent
$348,500
Median Home Value
Market
Vacancy Rate% for Retail in Salt Lake City, UT
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drug store - New lease offers 15 years of term plus ten five-year extension options with no landlord expense obligations.
Where is this drug store located?
The property is located at 4040 W 5415 S Salt Lake City, UT.
What are key features of this property?
This property features: 15‑year absolute net lease with 10 five‑year options to extend; Tenant pays property and building expenses directly; no landlord responsibilities; Walgreens has more than 15 years of operating history at the location
