11055 Alpine HwyHighland, UT 84003

Property Details for 11055 Alpine Hwy

Lot size

0.58 AC

Property size (Sq ft)

7,327 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional investment opportunity presents a 7,327 square foot, single-story, Class B shopping center in Highland, UT. The property boasts a 6.00% cap rate and a strong net operating income (NOI) of $185,140, generated by two tenants under long-term NNN leases with multiple renewal options. Currently 100% occupied by Burn Boot Camp and Treehouse Dental, this multi-tenant building sits on a 0.58-acre lot (APN: 416900005) and is zoned CR. Strategically located at 11055 Alpine Hwy, Highland, UT 84003, it offers convenient access to I-15 via SR-92 (Timpanogos Highway), approximately 5.5 miles from exit 284. The property benefits from its position within the Highland Mains Shopping Center, a rapidly growing area with a planned $45 million lifestyle retail center expansion slated for completion in Q3 2025. Highland's population has experienced significant growth, increasing nearly 30% since 2010 and projected to grow another 7% in the next five years, exceeding 20,000 residents. This presents a compelling investment in a high-growth area with strong demographics and a stable, high-performing tenant base. The asking price is $3,085,667.

Location Insight

City

Highland

County

Utah

State

Utah

Latitude

40.4329

Longitude

-111.786

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