Absolute NNN
5554 S 1900 W Roy, UT 84067
For Sale
Contact for pricing
Absolute NNN Walgreens offered for sale under a long-term lease with limited landlord responsibilities.
Property Size13,650 SF
Price / SF$292.67
Days on Market50
Property Features for 5554 S 1900 W
General Information
Standard status
Active
Size
13,650 SF
Property subtype
RETAIL
Listing Agency:
Colliers
(949) 724-5552
Listed By:
Jereme Snyder · License #5451676-PB
(949) 724-5552
Source:
Moodyscre
Added: Jun 10
Changed: Jul 10
Last Checked: Jul 21 at 8:47AM
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 Colliers
Investment Insights
Based on property information with market context.
This offering is an absolute NNN Walgreens property. The asset is subject to a 75-year lease, with 2.2 firm years remaining, and it is described as having zero landlord responsibilities. The property is presented as an investment-grade net lease opportunity structured around tenant obligations under the lease terms.
The property address is 5554 S 1900 W, Roy, UT 84067. The seller’s remarks position the site as a Walgreens within the national pharmacy footprint, with the asset being marketed specifically as an absolute NNN lease.
For investors seeking a Walgreens ground-lease style structure, the stated absolute NNN framework and the presence of a long-term lease with firm years remaining may be key considerations. Prospective purchasers should review the lease documents for confirmation of the absolute NNN structure, remaining term details, and the allocation of responsibilities reflected in the seller’s remarks.
The property address is 5554 S 1900 W, Roy, UT 84067. The seller’s remarks position the site as a Walgreens within the national pharmacy footprint, with the asset being marketed specifically as an absolute NNN lease.
For investors seeking a Walgreens ground-lease style structure, the stated absolute NNN framework and the presence of a long-term lease with firm years remaining may be key considerations. Prospective purchasers should review the lease documents for confirmation of the absolute NNN structure, remaining term details, and the allocation of responsibilities reflected in the seller’s remarks.
Key Highlights
- Absolute NNN Walgreens in Roy, UT
- Subject to a 75‑year lease with 2.2 firm years remaining
- Zero landlord responsibilities under the lease
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $265.4k | $19.44 |
| − Vacancy | −$18.6k | −$1.36 |
| EGI | $246.8k | $18.08 |
| − OpEx | −$61.7k | −$4.52 |
| NOI | $185.1k | $13.56 |
13,650 SF · lease $19.44/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.64M
$2.31M – $3.08M
NOI $185,086 @ 7.0% cap · market cap 4.63%
Second Best
Retail
$2.52M
$2.21M – $2.94M
NOI $176,462 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$3.15M
$2.75M – $3.67M
NOI $220,379 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
NNN property - Absolute NNN Walgreens offered for sale under a long-term lease with limited landlord responsibilities.
Where is this nnn property located?
The property is located at 5554 S 1900 W Roy, UT.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: Absolute NNN Walgreens in Roy, UT; Subject to a 75‑year lease with 2.2 firm years remaining; Zero landlord responsibilities under the lease
