1487 N REDWOOD RD
Saratoga Springs, UT 84045
About
10-year O'Reilly Auto Parts investment opportunity in Saratoga Springs, one of Utah County's fastest-growing communities. The property is backed by a newly executed 10-year lease with O'Reilly Auto Parts, a nationally recognized, investment-grade automotive parts retailer, providing long-term income with limited near-term rollover risk. Annual Base Rent: $148,608 Estimated NOI: $146,608 Rent Growth: 20% scheduled increase in 2031 Lease Structure: NNN tenant reimburses real estate taxes, insurance, CAM and various property-level expenses Location: Redwood Road, a primary Saratoga Springs commercial corridor Market: High-growth Utah County location near the Lehi / Silicon Slopes employment corridor Parking: Recorded reciprocal/shared parking rights within the shopping center The property benefits from strong traffic counts, continued residential development and a long-term lease commitment from a nationally recognized tenant. The offering provides an attractive combination of stable income, contractual rent growth and long-term real estate fundamentals. Address Note: Parcel 66-242-0009 is reflected in public records as 1487 N. Redwood Rd., Saratoga Springs, UT 84045. The property's mailing address is 1428 N. Redwood Rd., Saratoga Springs, UT 84045.
Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
2006
Sq.Footage
7,000
Features
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
NO
-
Cooling
None
-
Fireplace YN
NO
-
Heating YN
NO
-
Heating
None
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.78
-
Lot Size(square feet)
33,976
-
Property Type
Commercial Sale
-
Property Sub Type
Retail
Price
-
Sales Price
$2,665,600
-
Tax Amount
$15,626
-
Zoning
RC
-
Sq. Footage
7,000
-
Price/SqFt
$380
HOA
-
Association
No
Property Resources
-
Horse Property
NO
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Senior Community YN
NO
Schedule
Schedule a Showing
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Location
-
County
Utah
-
Elementary School
-
Middle School
-
High School
Listing Courtesy of Stacie Papanikolas, Trico Property Management & Real Estate LLC
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Damon Luke
President / Real Estate Advisor
Call Damon today to schedule a private showing.
Phone (801) 477-7421
Email Damon@OnXrealty.com
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