1235 State St, Hurricane, UT 84737

14,820 SF | Retail Building | Hurricane, UT 84737 | $4,100,000 ($277/SF) | 7.56% Cap Rate

Asking Price $4,100,000

Property Type: Retail
Square Feet: 14,820 SF
Price / Square Foot: $277

Listing Contacts

Drew Helm

Brendan Lee

Property Overview

Located on State St in Hurricane, UT, this Walgreens presents an exceptional opportunity for those seeking a passive income-producing property. With 9.5-years remaining on the Walgreens Corporate guaranteed lease, this deal offers stability and transparency. Hurricane has experienced significant growth in recent years and shows no signs of slowing down, especially with the influx of visitors to Zion National Park. As a convenient stop for both tourists and locals, this Walgreens is positioned perfectly to capitalize on the area’s continued expansion.

Property Details

Class: B
Year Built: 2008
Stories: 1
Property Subtype: Drug Store
Lot Size (sq. ft): 67,518 SF

Highlights

LONG-TERM LEASE | EXTENSION OPTIONS | GROSS RENT
ABSOLUTE NNN | NO LANDLORD RESPONSIBILITIES | NO MANAGEMENT NEEDED
HIGH GROWTH AREA | ZION’S GATE | STRONG DEMOGRAPHICS

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