US Army Corps of Engineers Strip

Highlights:

• Fully occupied three-tenant strip with a WALT of 5.83 years
• High quality / strong demographic underlying real estate with major draws
• 2023 build-to-suit construction with replaceable market rents
• The subject property is a strip building within The Schoolyard development, one of Sandy’s premier recent retail developments
• 30,000+ SF of newly constructed space – 100% occupied - Ideally positioned adjacent to Costco and Scheels
• Other major national tenants include Shake Shack & V-E-G (Veterinary Emergency Group)
• Salt Lake City MSA is one of the fastest-growing metro areas in the U.S.
• Dense residential population – 284,000 residents within a 5-mile radius of the subject property
• Affluent demographics – $138,000 average household incomes within a 5-mile radius of the subject property
• 265-unit multi-family development underway adjacent to the subject property
• Just 1 mile from The Shops at South Town – recently purchased by Smith Entertainment Group to be the future practice facility for the Utah Mammoth

Description:

Fully occupied three-tenant strip center with a WALT of 5.83 years, anchored by a US Government lease that was signed in 2026 and another lease with ~8 years of term remaining featuring above-market 3% annual rental increases. The subject property is located in The Schoolyard, a premier retail development in the Salt Lake City MSA anchored by reputable national tenants including Shake Shack, Veterinary Emergency Group, and Roxberry Juice. It is situated along S State Street, one of Sandy’s primary retail and commercial thoroughfares, offering excellent visibility, strong traffic volumes (~28,000 VPD), and direct access to the city’s dominant shopping and dining corridor.

Karla Mata
Calibre Properties, LLC
UT Lic #6279932-PB00

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