Single-Tenant Walgreens Retail
For Sale
Contact for pricing
Pending
420 S Main St, Springville, UT 84663
Single-tenant Walgreens with a drive-thru pharmacy, open daily until 11 PM.
Property Size14,550 SF
Days on Market325
Property Features for 420 S Main St
General Information
Standard status
Pending
Size
14,550 SF
Class
B
Property subtype
Retail
Zoning
MSSG
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Sale/Leaseback
Net Operating Income
$380,004
Additional Details
Highway Access
Yes
Building Details
Year Built
2005
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Newmark Mountain West
Listed By:
Scott Brady · License #UT 5500481-SA00
(801) 456-8804
Source:
Crexi
Added: Dec 3, 2025
Changed: Oct 16
Last Checked: Oct 23 at 7:16AM
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 Newmark Mountain West
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property is a single-tenant Walgreens retail building located at 420 S Main St. The store is open daily until 11 PM and includes a drive-thru pharmacy, supporting customer convenience for everyday needs.
The Walgreens anchors the walkable historic downtown of Springville, Utah. Springville is described as a fast-growing, family-oriented community with nearby local dining and market options.
Based on the provided information, the offering is centered on the operating Walgreens as the primary use, with the drive-thru pharmacy and extended daily hours as key operational features.
The Walgreens anchors the walkable historic downtown of Springville, Utah. Springville is described as a fast-growing, family-oriented community with nearby local dining and market options.
Based on the provided information, the offering is centered on the operating Walgreens as the primary use, with the drive-thru pharmacy and extended daily hours as key operational features.
Key Highlights
- Single‑tenant Walgreens at 420 S. Main St.
- Drive‑thru pharmacy included.
- Store open daily until 11 PM.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$260,936
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,218,720
$5.2M
Cap Rate 7%
$3,727,657
$3.7M
Cap Rate 9%
$2,899,289
$2.9M
Market Conditions
NOI Build-Up for 14,550 SF
Gross rent
$363.2K $24.96/SF
− Vacancy
−$15.3K −$1.05/SF
EGI
$347.9K $23.91/SF
− OpEx
−$87.0K −$5.98/SF
NOI
$260.9K $17.93/SF
Area
Utah County, UT
Vacancy
4.20%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,218,720
Cap Rate 7%
$3,727,657
Cap Rate 9%
$2,899,289
Alternative Uses
Best Use
Specialty Retail
$3.73M
$3.26M – $4.35M
NOI $260,936 @ 7.0% cap · market cap 5.40%
Second Best
Retail
$3.48M
$3.04M – $4.06M
NOI $243,540 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$4.01M
$3.51M – $4.68M
NOI $280,757 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
812
Businesses Nearby
27k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 66%
Dining 34%
Chevron
Shops & Services
8,932 visits/mo
0.1 miles
Little Caesars Pizza
Dining
5,027 visits/mo
0.1 miles
Jimmy John's
Dining
4,234 visits/mo
0.1 miles
Wells Fargo
Shops & Services
3,989 visits/mo
0.3 miles
The UPS Store
Shops & Services
3,918 visits/mo
0.2 miles
Demographics for 84663, UT
35,647
Population
11,025
Households
3.2
Avg Household Size
29
Median Age
39%
College-Educated
95%
High-School Grad
109.7 sq mi
ZIP Area
325
Density / Sq Mi
$88,919
Median Household Income
$39,439
Median Earnings
$1,475
Median Rent
$430,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Red Rock Home Pharmacy — 863 450 S # 101, Springville, UT 84663
- Red Rock Pharmacy — 863 450 S ste 201, Springville, UT 84663
- Walgreens Pharmacy — 420 S Main St, Springville, UT 84663
- Art City Pharmacy — 405 S Main St, Springville, UT 84663
- Bryan P. Hepworth, PharmD — springville, ut 84663
Frequently Asked Questions
What type of property is this?
Drug store - Single-tenant Walgreens with a drive-thru pharmacy, open daily until 11 PM.
Where is this drug store located?
The property is located at 420 S Main St Springville, UT.
What is the asking price?
The asking price for this property is $4,830,000.
What are key features of this property?
This property features: Single‑tenant Walgreens at 420 S. Main St.; Drive‑thru pharmacy included.; Store open daily until 11 PM.
