For Sale
$1,827,000

1095 Medical DrBrigham City, UT 84302

High-Yield Utah Retail Investment

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a 2,491 square foot Chevron gas station and convenience store located at 1095 Medical Dr, Brigham City, UT 84302. Boasting a strong 6.50% cap rate and a substantial net operating income (NOI) of $118,800, this property offers a secure and lucrative return. The property features an absolute NNN lease with a corporate guarantee, minimizing landlord responsibilities. The 15-year lease, initially commencing October 8, 2015, has approximately 5.9 years remaining, with built-in rent bumps of 10% every five years. Situated on a 0.84-acre lot, the property includes two buildings, four gas pumps, and benefits from high traffic counts exceeding 35,000 ADT. Its convenient location just off Interstate-15 Exit 362 on Hwy 89, and only 52 minutes from Salt Lake City, ensures strong visibility and accessibility. The property was built in 1992 and enjoys 100% occupancy. Nearby prominent tenants include Walmart Supercenter, Dutch Bros Coffee, Jersey Mike's, Verizon, and Dollar Tree, further enhancing its desirability and potential for continued success. The asking price is $1,827,000. This is a turnkey investment perfect for a passive income portfolio. Property APN: R0085240.

Highlights

  • 2,491 SF Chevron gas station & convenience store on 0.84-acre lot in Brigham City, UT.
  • Strong 6.50% cap rate and $118,800 NOI.
  • Absolute NNN lease with corporate guarantee, 5.9 years remaining, 10% rent bumps every 5 years.
  • High traffic count (35,000+ ADT), located near I-15 Exit 362 and Hwy 89, 52 minutes from Salt Lake City.
  • Asking price: $1,827,000.

Property Details for 1095 Medical Dr

Property type
Retail properties, Grocery and convenience stores
Square Feet
2,491 SF
Year Built
1992
Buildings
2
Lot Size (sq. ft)
36,590 SF

Location Insight

City
Brigham City
County
Box Elder
State
Utah
Latitude
41.48701080513
Longitude
-112.02782254995
1095 Medical Dr, Brigham City, Utah

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1095 Medical Dr
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