Current Use by Public Records
- Retail properties & Spaces
Property Details for 4638 County Blvd
- Year built
- 2024
- Property type
- Retail properties & Spaces
- Property subtype
- NNN properties
Description
This exceptional investment opportunity presents a multi-tenant retail property located at 4638 N County Blvd, Pleasant Grove, UT 84062. The property consists of three single-story buildings totaling 8,952 square feet, built in 2024, and currently boasting 100% occupancy across five units. Each unit benefits from a 3% annual rent increase built into the leases. The property features a strong Net Lease (NNN) structure with a remaining lease term of 10 years, generating a current Net Operating Income (NOI) of $344,537 and a pro-forma NOI of $344,537. The asking price is $5,575,000, representing a compelling $622.77 per square foot and a 6.25% cap rate (6.18% pro-forma). The property is zoned for commercial use and enjoys a highly desirable location, situated on a hard corner intersection with a new road under construction, providing immediate access to I-15. This affluent area experiences high demand for food, health, wellness, and family-friendly businesses, further enhanced by its central location between two 6A high schools. The property's strong tenant base and strategic location make it an ideal investment for those seeking a stable, high-yielding asset with significant growth potential. The APN numbers are #34:751:0001, #34:751:0002, and #34:751:0003.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pleasant Grove
- County
- Utah
- State
- Utah
- Longitude
- -111.768
- Latitude
- 40.3582
