Cafe Rio / Noodles & Co Strip Center Portfolio
$10,606,000
5567 High Market Drive & 2682 High Commons Way, Salt Lake City, UT 84120
For Sale
Retail
Strip Center
Active
Last Updated: 02/23/2026
6.3
Cap Rate
668,162
NOI
Details:
Cap Rate: 6.3%
NOI: $668,162
Building Size: 19,403 sqft
Occupancy: 100%
Year Built: 2013
Price Per Sqft: $546.62
Tenancy: Multiple
Highlights:
- 100% occupied retail strip buildings with synergistic mixes of national and regional tenancies
- Pads to Highbury Center – ranked among the top 11% of shopping centers nationwide in terms of annual visitors per Placer.ai
- Multiple long-term leases signed within the last five years demonstrating commitment to the location
- Premier fundamentals – hard corner signalized intersections in front of Target / WinCo grocery anchored center
- Replaceable rents averaging $35.53/SF
- Corporate and personal guarantees backing the leases
- Highbury Center is a 140,000 SF shopping center anchored by Target with other national tenants including Marshalls, Cinemark, Bank of America, Maurices, Zaxby’s, and Hampton Inn
- One of the fastest growing metro areas in the U.S. – ~15% population growth over the last 10 years
Description:
Two fully occupied strip buildings that serve as premier outparcels to Highbury Center which ranks among the top 11% of shopping centers nationwide in terms of annual visitors (3.3M) per Placer.ai. Multiple tenants have signed new leases featuring annual rental increases within the last five years demonstrating long-term dedication to this location. Properties must be sold together.
KARLA MATA
CALIBRE PROPERTIES, LLC
karla@xdevco.com
PH: 801.910.7566
UT Lic #6279932-PB00
Documents:
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CafeRio_NoodlesCoStrips_WestValleyCityUT.pdf
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Location
Gallery
