11078 State StSandy, UT 84070

Property Details for 11078 State St

Year built

2023

Lot size

1.48 AC

Property size (Sq ft)

8,434 SF

Property type

Neighborhood centers

Property subtype

Retail properties

Description

Exceptional investment opportunity in Sandy, Utah's thriving retail market. This brand-new, 8,434 square foot, 100% occupied strip center boasts five tenants on long-term leases with built-in annual rent increases. The property, constructed in 2023, features a diverse tenant mix including Roxberry, NuSpine Chiropractic, Yonutz!, BODY20, and La Condesa. Located on a 1.478-acre lot at 11078 S State St, 84070, this prime location benefits from its adjacency to major retailers like Costco and Scheels, and is surrounded by a strong residential demographic with an average household income exceeding $131,000 within a five-mile radius. The property's Net Operating Income (NOI) is $340,793, yielding a 6.00% cap rate, and the asking price is $5,680,000. All tenants provide sales reports, ensuring strong financial performance and replaceable market rents. This is a rare opportunity to acquire a high-performing, newly constructed retail center in one of Utah's fastest-growing suburbs. The Schoolyard development, of which this building is a part, comprises over 30,000 square feet of retail space, further solidifying its position as a premier retail destination. This investment offers long-term stability and significant upside potential.

Location Insight

City

Sandy

County

Salt Lake

State

Utah

Latitude

40.5503

Longitude

-111.891

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].