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114 S 850 E, Lehi, UT, 84043

Top Stop

$2,772,000

Key Information

Cap Rate
5.5%
$ per SF
$428
Lot Size
1.25 Acres
Year Built
1996
Term Remaining
± 9.7 Years
Type
Retail
Occupancy
100%
NOI
$152,460
Leasable Area
6,466

Highlights

• Absolute NNN Lease – Top Stop operates under an Absolute NNN lease with no landlord responsibilities, offering investors a truly passive ownership structure.
• Established Regional Operator – Top Stop is backed by Wind River Petroleum, an established operator with more than 35 years of experience and 30+ locations throughout Utah and Idaho.
• Long-Term Income With Built-In Rent Growth – Approximately 9.7 years remain on the lease, with 10% rental increases every five years and three additional 5-year renewal options.
High-Growth Silicon Slopes Location – Located in Lehi along the I-15 corridor, the property benefits from one of Utah’s fastest-growing markets and proximity to the expanding Silicon Slopes employment base.
Strong & Affluent 5-Mile Trade Area – More than 205,000 residents live within five miles, with population projected to exceed 237,000 and average household income of approximately $165,000.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # 10074491-PB00, 10074529-CN00 (UT)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203