For Sale
$2,950,000

58 12300Draper, UT 84020

High-yield, fully occupied retail strip.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fully occupied, two-tenant retail strip center in Draper, Utah. The 4,549 square foot property, built in 2009, sits on a 0.57-acre lot (APN 28-30-354-007-0000) and boasts a strong Net Operating Income (NOI) of $189,132, resulting in a compelling 6.41% cap rate. Located at 58 E 12300 S, Draper, UT 84020, this single-story building benefits from high visibility due to its location in Draper's main retail corridor, directly visible from I-15. The property enjoys proximity to major shopping centers like Draper Crossing (anchored by Smith's, TJ Maxx, and Dollar Tree) and Draper Peaks (anchored by Kohl's, Michaels, PETCO, and Ross), ensuring high foot traffic and strong tenant demand. The surrounding area demonstrates robust demographics, with over 87,000 residents within a 3-mile radius and an average household income exceeding $157,521 within 5 miles. The asking price is $2,950,000, translating to $648.49 per square foot. This NNN-leased property offers a secure and profitable investment with 100% occupancy. The property's prime location and strong financial performance make it an attractive addition to any investment portfolio.

Highlights

  • Fully occupied, two-tenant retail strip center in Draper, Utah.
  • 4,549 square foot building on a 0.57-acre lot (APN 28-30-354-007-0000), built in 2009.
  • Strong NOI of $189,132 and a 6.41% cap rate.
  • Asking price: $2,950,000 ($648.49/SF).
  • High-visibility location in Draper's main retail corridor, visible from I-15, near major shopping centers.

Property Details for 58 12300

Property type
Retail properties, Retail space
Square Feet
4,549 SF
Year Built
2009
Buildings
1
Stories
1
Lot Size (sq. ft)
24,829 SF
Units
2

Location Insight

City
Draper
County
Salt Lake
State
Utah
Latitude
40.526315496296
Longitude
-111.88981265428
58 12300, Draper, Utah

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58 12300
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