Description

674 East 12300 South is a 3,490 SF healthcare property for sale in Draper, UT, occupied by Mission Pet Health’s Livewell Animal Hospital. Its 100% occupancy makes the existing tenancy, rather than a vacancy or repositioning plan, the focus of this offering.

The Property has 3,490 SF of gross leasable area on 0.90 acres. Its scale gives investors a defined building and site to underwrite around an identified animal hospital occupant. The Absolute Net lease places the lease structure at the center of that review, while the 7 years WALT establishes the remaining term measure for the investment. A traffic count of 34,166 AADT gives buyers a measure of activity at the location that is relevant to a healthcare business serving visiting customers. Together, the occupied premises, lease structure and traffic count define the asset’s position within Draper.

The asking price is $2,887,000, or $827.22 PSF, with a 5.50% cap rate. NOI is $158,795, and stabilized NOI is also $158,795, giving investors a direct basis for relating the asking price to the property’s income. The site is priced at $3,207,777.78 per acre, another measure for buyers weighing the land component alongside the occupied building. For an investor seeking an existing healthcare tenancy, the decision centers on the identified occupant, the Absolute Net lease and the remaining term, with the current income figures anchoring the purchase analysis.