2435 8000 Magna, UT 84044
High-growth Utah location, strong NNN lease.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 135
Highlights
- 6,132 SF Maverik convenience store and 24-pump gas station on a 3.75-acre lot in Magna, UT. Built in 2020.
- Absolute NNN ground lease with 11+ years remaining (15-year term), offering passive income and zero landlord responsibilities; corporate guarantee from Maverik, Inc.
- 4.75% cap rate and $195,000 NOI; 10% rent increases every five years, next increase January 2026.
- 24 pumps (14 auto, 10 truck/RV), plus truck scales; 41 parking spaces.
- High-traffic corner location (27,062 VPD on 2400 South/Hwy 201 and 12,847 VPD on South 8000 West); affluent demographics ($100,000+ average household income within 5 miles).
- Three, five-year lease renewal options; APN: 14-21-301-001-0000; Asking price: $4,106,000.
Property Details for 2435 8000
- Property type
- Retail properties, Grocery and convenience stores
- Square Feet
- 6,132 SF
- Year Built
- 2020
- Lot Size (sq. ft)
- 163,306 SF
- Units
- 1
Location Insight
- City
- Magna
- County
- Salt Lake
- State
- Utah
- Latitude
- 40.71738200062
- Longitude
- -112.08224595214
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-growth Utah location, strong NNN lease.
- Where is the retail property located?
- The property is located at 2435 8000 Magna, UT.
- What is the asking price?
- The asking price for this property is $4,106,000.
- What are key features of this property?
- This property features: 6,132 SF Maverik convenience store and 24-pump gas station on a 3.75-acre lot in Magna, UT. Built in 2020.; Absolute NNN ground lease with 11+ years remaining (15-year term), offering passive income and zero landlord responsibilities; corporate guarantee from Maverik, Inc.; 4.75% cap rate and $195,000 NOI; 10% rent increases every five years, next increase January 2026.
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