1235 State St Hurricane, UT 84737
High-yield, stabilized Walgreens property
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 135
Highlights
- 14,820 SF Walgreens on a 1.55-acre lot in Hurricane, UT.
- 7.54% cap rate, $309,000 NOI, $4,100,000 asking price ($276.65/SF).
- Absolute NNN lease with Walgreens, minimal landlord responsibilities.
- Approximately 8.9 years remaining on lease (expires 9/30/2033), with 51 one-year renewal options.
- High-growth area with high traffic counts on State Street, near Zion National Park.
Property Details for 1235 State St
- Property type
- Retail properties, Drug stores
- Square Feet
- 14,820 SF
- Year Built
- 2008
- Lot Size (sq. ft)
- 67,518 SF
Location Insight
- City
- Hurricane
- County
- Washington
- State
- Utah
- Latitude
- 37.1759226
- Longitude
- -113.3109432
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-yield, stabilized Walgreens property
- Where is the retail property located?
- The property is located at 1235 State St Hurricane, UT.
- What is the asking price?
- The asking price for this property is $4,100,000.
- What are key features of this property?
- This property features: 14,820 SF Walgreens on a 1.55-acre lot in Hurricane, UT.; 7.54% cap rate, $309,000 NOI, $4,100,000 asking price ($276.65/SF).; Absolute NNN lease with Walgreens, minimal landlord responsibilities.
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