2435 8000th W Magna, UT 84044

Property Details for 2435 8000th W

Lot size

3.75 lot acres

Property size

6,526 SF

Zone code

C-2

Property type

Grocery and convenience stores

APN

14-21-301-001

APU

1421301001

Description

This exceptional investment opportunity presents a 6,132 square foot Maverik convenience store and 24-pump gas station situated on a 3.75-acre lot in Magna, Utah. Built in 2020, the property operates under a 15-year absolute NNN ground lease with 11.1 years remaining, offering significant passive income and zero landlord responsibilities. The lease includes a corporate guarantee from Maverik, Inc., a major player in the convenience store industry with over 830 locations across 20 states. Enjoy a 4.75% cap rate and a substantial NOI of $195,000, further enhanced by 10% rent bumps every five years, with the next increase scheduled for January 2026. The property boasts 41 parking spaces and is strategically located on a signalized corner with high traffic volume (27,062 VPD on 2400 South/Hwy 201 and 12,847 VPD on South 8000 West), serving a dense and affluent demographic with average household incomes exceeding $100,000 within a 5-mile radius. The lease also includes three, five-year renewal options. This property is ideally positioned to benefit from the continued growth of the Salt Lake City MSA and the thriving logistics sector in Magna. The property features truck scales, catering to the area's numerous distribution centers. APN: 14-21-301-001-0000. Asking price: $4,106,000.

Location Insight

City

Magna

County

Salt Lake

State

Utah

Longitude

-112.081

Latitude

40.7174

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments