Sinclair NNN Property For Sale — Clearfield, UT · 4,698 SF
Clearfield, UT 84041
Opportunity to acquire the fee simple interest in a premier, long-term NNN Sinclair Gas Station investment property situated on a 1.48-acre parcel in Clearfield, Utah. The tenant, Clearfield Sinclair Operating, LLC, has approximately 15 years remaining on its lease with two 5-year extension options. The lease features 10% rental increases in years 8, 11, and 16, as well as at the beginning of each option period, providing an attractive hedge against inflation. The property operates under a NNN structure with minimal landlord responsibilities, offering a truly passive income stream. Built in 2020, the site features excellent visibility at the signalized intersection of E. 700 S. and University Park Blvd (combined 38,900 VPD) in close proximity to I-15 and Hill Air Force Base.
- Address: Clearfield, UT 84041
- Asking price $6.75M
- 6.30% cap rate
- NOI $424,976
- 15 years remaining
- NNN lease
- Year built: 2020
- Building size: 4,698 SF
- Lot size: 1.48 acres
- Rent increases: 10% rental increases in years 8, 11, and 16 throughout the initial term and at the beginning of each 5-year option period
- Guarantor: Corporate
Location
This Sinclair property is in Clearfield, Utah.
Asset type: Gas Station / C-Store