7535 Un Park Ave Midvale, UT 84047-3043

This exceptional investment opportunity presents a 12,038 square foot, Class B medical office building located at 7535 S. Union Park Ave, Midvale, UT 84047. Built in 2020 on a 0.48-acre lot, this single-tenant property features three stories and offers 5 parking spaces per 1,000 square feet. The property boasts a 10-year absolute NNN lease commencing February 28, 2024, and expiring February 27, 2034, with two 5-year renewal options. The lease includes a 3% annual rent increase. The current asking price is $5,909,563, representing a 5.70% cap rate and a price per square foot of land value at $490.91. The Net Operating Income (NOI) is $337,064, with 100% occupancy. The property's APN is 22294270230000. This investment offers a stable, long-term income stream in a thriving Midvale, Utah location. The building serves as a medical office and surgery center. The property's prime location offers easy access to major transportation routes and is surrounded by various amenities, including restaurants, retail establishments, and residential areas. This is a sale/leaseback investment opportunity with a strong tenant and a proven track record.