For sale MLS# 2182459 · 62 days on the market
$2,665,600
It starts with a call with an agent.
1487 N Redwood Rd, Saratoga Springs, UT 84045
About this home
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.
Written by the listing agent.
Location
Living in Saratoga Springs
Saratoga Springs is a city in Utah County along the northwestern shores of Utah Lake, incorporated in 1997 and growing rapidly since the early 2000s. The city runs over eleven miles north to south between the lake and the foothills of the Lake Mountains.
- 37,696 residents (2020)
- 6 named trails
- 69 named parks
Monthly payment
- Principal & interest
- $14,771
- Property tax
- $1,302
- Home insurance
- $110
10% down ($266,560), 30-year fixed at 6.25%. Tax from the MLS record; insurance is an estimate. Not a loan offer.
Details
- Lot
- 0.78 acres
- Subdivision
- SARATOGA WALMART
- County
- Utah
- Faces
- South
Listing courtesy of Trico Property Management & Real Estate LLC / Stacie Papanikolas. Based on information from UtahRealEstate.com as of 9/1/2026 1:10 PM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy.