1700 & Porter Rockwell BlvdBluffdale, UT 84065

Property Details for 1700 & Porter Rockwell Blvd

Year built

2024

Property size (Sq ft)

3,320 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Bluffdale

County

Salt Lake

State

Utah

Latitude

40.4627

Longitude

-111.943

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