2435 8000th W Magna, UT 84044
Property profile & analytics
2435 8000th W, Magna, UT 84044
- Grocery and convenience stores
- 6,526 SF
- 3.75 lot acres
Property ID
US86-0604210
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Grocery and convenience stores
Property Details for 2435 8000th W
- Lot size
- 3.75 lot acres
- 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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $530,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $869,000
Market price range: $684k - $1.10M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $745,000
- COMMERCIAL (GENERAL)
- $740,000
- AUTO REPAIR, GARAGE
- $520,000
- APARTMENT HOUSE (5+ UNITS)
- $440,000
- WAREHOUSE, STORAGE
- $440,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- 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
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$50,641
$1,061,800
$2,493,700
$3,555,500
-
$1,061,800
$2,493,700
$3,555,500
