For Sale
$2,916,000

1700 & Porter Rockwell BlvdBluffdale, UT 84065

NNN Lease, Strong Tenant, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a brand-new, 3,320 square foot Oil Changers located at 1700 W & Porter Rockwell Blvd, Bluffdale, UT 84065. The property sits on a 25,890 square foot lot and is part of a thriving three-tenant retail development, including 7-Eleven and Quick Quack Car Wash. This is a single-tenant, absolute NNN (triple net) lease with a highly reputable tenant, Oil Changers, boasting over 180 locations nationwide. The lease term spans 15 years, commencing February 5, 2025, and includes attractive 10% rent bumps every five years, ensuring consistent income growth. The property boasts a strong net operating income (NOI) of $179,360, resulting in a compelling 6.15% cap rate. The lease also features a corporate guaranty from Oil Changers Inc., mitigating risk and providing significant investor security. Built in 2024, this property offers a hands-off investment opportunity with substantial long-term potential. The lease includes three, five-year renewal options, further enhancing the investment's longevity and stability. This is a rare chance to acquire a high-performing, low-maintenance asset in a prime retail location. The building is one of one on the property.

Highlights

  • Brand-new, 15-year NNN lease with 10% rent increases every five years.
  • Corporate guaranty from Oil Changers Inc.
  • Absolute NNN lease, providing a hands-off investment.
  • Part of a new three-tenant retail development with 7-Eleven and Quick Quack Car Wash.
  • Oil Changers, a major operator with 180+ locations nationwide.
  • Significant corporate revenues (details available upon request).

Property Details for 1700 & Porter Rockwell Blvd

Property type
Retail properties, Freestanding property
Square Feet
3,320 SF
Year Built
2024
Buildings
1
Units
1

Location Insight

City
Bluffdale
County
Salt Lake
State
Utah
Latitude
40.4627246
Longitude
-111.9428584
1700 & Porter Rockwell Blvd, Bluffdale, Utah

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1700 & Porter Rockwell Blvd
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