Walgreens NNN Lease Investment Opportunity

4668 S Redwood Rd, Salt Lake City, UT

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For Sale

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NNN lease with corporate guarantee by Walgreens Co.

Type:RETAIL

Property size:

14,461 SF

Lot size:

1.51 Acres

Price / SF:

$353/SF

HighLights

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.
Walgreens has been at this location for 22.5 years, demonstrating commitment.
Walgreens (NYSE: WAG) is a major pharmacy chain with over 8,600 locations and $142.4B in 2023 revenue.
Located just 1 block from Salt Lake Community College with 35K average annual enrollment.

We can help!

Listing Contact

Adam Lewis

For Sale

Contact for pricing

NNN lease with corporate guarantee by Walgreens Co.

Type:RETAIL

Property size:

14,461 SF

Lot size:

1.51 Acres

Price / SF:

$353/SF

Added:: Mar 7, 2025
Days on Market:: 465
Last Refresh:: May 20 at 8:41 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

We can help!

Listing Contact

Adam Lewis

Listing agent Adam Lewis License #(S):NE:20250136

Listing office Marcus & Millichap | Denver

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

HighLights

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.
Walgreens has been at this location for 22.5 years, demonstrating commitment.
Walgreens (NYSE: WAG) is a major pharmacy chain with over 8,600 locations and $142.4B in 2023 revenue.
Located just 1 block from Salt Lake Community College with 35K average annual enrollment.

Overview

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 Location Intelligence

Current Use by Public Records

SemaConnect Charging Station Electric Vehicle Charging Station

Suggested Use

Similar Places Nearby

Omnicare Pharmacy — 2280 Alexander St, Salt Lake City, UT 84119
Olive Pharmacy — 2290 S Redwood Rd, West Valley City, UT 84119
House Of Vapes — 2280 S Redwood Rd, West Valley City, UT 84119
Activz — 1847 W 2300 S, Salt Lake City, UT 84119
Amerita Specialty Infusion Services - Salt Lake City — 2446 S 1940 W, Salt Lake City, UT 84119

Location Insight

Map
Local Demand

City: Salt Lake City
County: Salt Lake
State: Utah
Longitude: -111.939
Latitude: 40.6684

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For sale
Drug stores
UT
Salt Lake City
4668 S Redwood Rd

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.

4668 S Redwood Rd, Salt Lake City, UT

NNN lease with corporate guarantee by Walgreens Co.

Property Features for 4668 S Redwood Rd

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Educational Property in Salt Lake

Converted Multifamily Apartment Building

Professional Office Building in Sugarhouse

Unique Loft Office Space

Duplex with Two 5-Bed Units

Large Multifamily Near University of Utah

Updated 4-Plex for Sale

Renovated Multifamily Building Near University

Office Building for Redevelopment

Salt Lake City Multifamily Investment

Remodeled Duplex in Sugar House

Triplex with Vacant Unit

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