For Sale
$4,526,233

130 10600Sandy, UT 84070

High-Traffic, Multi-Tenant Retail Property

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple ownership of two buildings totaling 2,350 square feet, situated on a signalized hard corner with a drive-thru. Located in Sandy, Utah, at 130 10600 S, 84070, this property boasts a 100% occupancy rate with two market-leading tenants: Starbucks and Potbelly. Built in 2016, the property offers a strong net operating income (NOI) of $271,574, resulting in a 6.00% cap rate. The asking price is $4,526,233, translating to $1,926.06 per square foot. This prime retail location benefits from its position as an outparcel to The Shops at South Town, Utah's largest shopping mall (1.3 million square feet), within a dense retail corridor and adjacent to major thoroughfares including I-15 and State Street. The property enjoys high visibility due to its signalized hard corner location and benefits from approximately 53,602 vehicles passing daily. Tenants enjoy a triple-net (NN) lease structure with 10% rent bumps in each option period. This is a rare opportunity to acquire a high-performing, multi-tenant retail property with exceptional long-term growth potential in a premier location. The investment-grade credit of Starbucks (BBB+ S&P) further enhances the stability and attractiveness of this offering.

Highlights

  • Hard corner location with signalized intersection.
  • High traffic count: ±53,602 vehicles per day.
  • Drive-thru available.
  • Strong tenant lineup featuring Starbucks (SBUX), an investment-grade tenant (BBB+ S&P rating).
  • Outparcel to a major 1.3 million square foot shopping mall in Utah.

Property Details for 130 10600

Property type
Retail properties
Square Feet
2,350 SF
Year Built
2016
Buildings
2

Location Insight

City
Sandy
County
Salt Lake
State
Utah
Latitude
40.5592941
Longitude
-111.8943765
130 10600, Sandy, Utah

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130 10600
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