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Magna, UT - Swig
8382 Arbor Park Dr | Magna, UT 84044
Description
SRS National Net lease Group, LP is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, new construction, Swig investment property located in Magna, Utah (Salt Lake City MSA). The tenant recently signed a new 10 year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features annual 3% rental increases throughout the initial term and each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.
Location
The subject property is located at the corner of S. 8400 W/State Highway 111 (14,800 VPD) and Arbor Park Drive, offering excellent visibility and direct access within
a prominent commercial corridor. The site is an outparcel to a Walmart Neighborhood Market, the area’s primary retail anchor, and is supported by high-traffic national tenants including McDonald’s, Taco Bell, KFC, Arby’s, Chevron, and an adjacent, newly developed Chipotle, increasing consumer traffic to the site and promoting retail tenant synergy. The immediate, Walmart-anchored corridor, receives 1.7 million+ annual visits (per Placer.ai). Moreover, property is also adjacent to the Magna Medical Center and Linden Hill Apartments, a luxury 192-unit community completed in 2024 with monthly rents ranging from $1,340 to $1,930. This area has experienced significant commercial and residential momentum, with nearby multifamily projects including the newly constructed Touchstone at Little Valley (125 units) and
Valley View Apartments (260 units), along with the Mahogany Ridge community, which will introduce a mix of apartments, town homes, and cottages. These new developments are driving increased consumer traffic and strengthening long-term demand for neighborhood-serving retail. The tenant has access to a dense consumer base consisting of over 112,800 residents and 19,100 employees with an affluent average household income of $113,551 within 5-miles of the property.