For Sale
$7,200,000

5662 4700Kearns, UT 84118

High-yield auto shop, 15-year lease.

Overview

Added:
Dec 11, 2024
Days on market:
115
Exceptional investment opportunity in West Valley City, Utah, presents a brand-new, 23,258-square-foot auto shop currently operating under a 15-year absolute NNN lease with a corporate guarantee from Quality Collision Group (QCG), a prominent national operator of OEM-certified collision repair centers. The property, built in 2024 and situated on a 2.59-acre lot at 5662 W 4700 S, boasts a prime location on a highly trafficked thoroughfare (29,000+ vehicles per day) ensuring high visibility and convenient access. The tenant, Cascade Collision Repair, is a regional leader in the collision repair industry. The lease commenced February 28, 2025, and expires February 29, 2040, offering a remaining term of 15.3 years. The lease includes a strong 3% annual rent increase, effectively mitigating inflation risks, and two 5-year lease options. The property's Net Operating Income (NOI) is $450,000, resulting in a 6.25% capitalization rate. The asking price is $7,200,000, translating to a price per square foot of $309.57. This passive investment opportunity offers significant tax benefits through accelerated depreciation and cost segregation, making it an attractive proposition for savvy investors. The property is 100% occupied. This is a turnkey investment with zero landlord responsibilities.

Property Details for 5662 4700

Property type
Retail properties, Auto shops
Square Feet
23,258 SF
Year Built
2024
Lot Size (sq. ft)
112,820 SF

Location Insight

City
Kearns
County
Salt Lake
State
Utah
Latitude
40.652906
Longitude
-112.029752
5662 4700, Kearns, Utah

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5662 4700
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