4668 S Redwood Rd Salt Lake City, UT
Call to check price and availability
NNN lease with corporate guarantee by Walgreens Co.
Type:RETAIL
Property size:
14,461 SFLot size:
1.51 AcresPrice / SF:
$353/SF- Added:
- Mar 7, 2025
- Days on Market:
- 417
- Last Refresh:
- Apr 5 at 9:29 pm
Property Features for 4668 S Redwood Rd
General Information
- Standard status
- Active
- Size
- 14,461 SF
- Lot size
- 1.51 Acres
- Property subtype
- RETAIL
Listing agent Adam Lewis License #(S):UT:6250302-PB00
Listing office Marcus & Millichap | Denver (303) 328-2000
Listing date Mar 7, 2025
Source Moodyscre
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 Marcus & Millichap | Denver
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
Similar Places Nearby
- SavOn Pharmacy — 729 N Redwood Rd, Salt Lake City, UT 84116
- Luis Moreno — 288 N 1460 W, Salt Lake City, UT 841163231
- Boli — 810 2200 W, Salt Lake City, UT 84116
Location Insight
- Map
- Local Demand
- City
- Salt Lake City
- County
- Salt Lake
- State
- Utah
- Longitude
- -111.939
- Latitude
- 40.6684
Nearby Similar for Sale
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.
