Address
1487 N Redwood Rd, Saratoga Springs, UT
Price
$ 2,665,600
Property Attributes
- MLS#2182459
- TypeCommercial
- Listing Status Active
- CountyUTAH
- CitySaratoga Springs
- AreaAm Fork
- NeighborhoodSARATOGA WALMART
- Zip84045
- Style
- Year Built2006
- Taxes$ 15626
- Price$ 2,665,600
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage7000
- Lot Size0.78 Acres
Data Source:
Wasatch Front Regional MLS (WFRMLS)
Property Description
10-year O'Reilly Auto Parts investment opportunity in Saratoga Springs, one of Utah County's fastest-growing communities. The property is backed by a newly executed 10-year lease with O'Reilly Auto Parts, a nationally recognized, investment-grade automotive parts retailer, providing long-term income with limited near-term rollover risk. Annual Base Rent: $148,608 Estimated NOI: $146,608 Rent Growth: 20% scheduled increase in 2031 Lease Structure: NNN tenant reimburses real estate taxes, insurance, CAM and various property-level expenses Location: Redwood Road, a primary Saratoga Springs commercial corridor Market: High-growth Utah County location near the Lehi / Silicon Slopes employment corridor Parking: Recorded reciprocal/shared parking rights within the shopping center The property benefits from strong traffic counts, continued residential development and a long-term lease commitment from a nationally recognized tenant. The offering provides an attractive combination of stable income, contractual rent growth and long-term real estate fundamentals. Address Note: Parcel 66-242-0009 is reflected in public records as 1487 N. Redwood Rd., Saratoga Springs, UT 84045. The property's mailing address is 1428 N. Redwood Rd., Saratoga Springs, UT 84045.
| Price History | |
|---|---|
| 9/1/2026 | Listed $2,665,600 |
General Features
| Year Built | 2006 |
|---|---|
| Property Subtype | Retail |
| Current Use | Retail |
| County | Utah |
| New Construction | No |
| Property Type | Commercial Sale |
| HOA | No |
| Attached Garage | No |
| Subdivision Name | SARATOGA WALMART |
| Facing Direction | South |
| Garage Y/N | No |
| Status | Active |
| City | Saratoga Springs |
| Senior Community Y/N | No |
| Zoning Description | RC |
| MLS Area | Am Fork; Hlnd; Lehi; Saratog. |
| Lot Size Units | Acres |
| Lot Size Square Feet | 33976.8 |
| Carport Y/N | No |
| Property Attached Y/N | No |
| Tax Annual Amount | 15626.0 |
| Home Warranty Y/N | No |
| Property Condition | Blt./Standing |
| Lease Considered Y/N | No |
| Living Area Units | Square Feet |
| Standard Status | Active |
| PostalCity | Saratoga Springs |
| ADU | No |
Interior Features
| Air Conditioning Y/N | No |
|---|---|
| Heating Y/N | No |
| Fireplace Y/N | No |
Exterior Features
| Lot Size Area | 0.78 |
|---|---|
| Spa | No |
| Building Area Total | 7000.0 |
| Lot Dimensions | 0.0x0.0x0.0 |
| Lot Size Acres | 0.78 |
| Frontage Length | 0.0 |
| Private Pool | No |
| Waterfront Y/N | No |
| Horse Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 84045
Price
Taxes
Year Built
Visits
Wasatch Front Regional MLS - Salt Lake Board of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties
