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The Schoolyard Building C

$5,416,000

11078 South State Street, Sandy, UT 84070

Active
Last Updated: 11/12/2025

6.3

Cap Rate

341,203

NOI

Details:
Cap Rate:    6.3%
NOI:    $341,203
Building Size:    8,434 sqft
Lot Area:    1.478 sqft
Occupancy:    100%
Lease Type:    Triple Net
Year Built:    2023
Tenancy:    Multiple
Highlights:
  • Long term leases with annual rent increases throughout base terms and options
  • High quality / strong demographic underlying real estate with major draws
  • 2023 build-to-suit construction
  • Replaceable market rents
  • The Schoolyard is one of Sandy’s premier recent retail developments
  • Ideally positioned adjacent to Costco and Scheels
  • Salt Lake City MSA is one of the fastest-growing metro areas in the U.S.
  • Affluent demographics – $138,000 average household incomes within a 5-mile radius of the subject property
Description:

A five-tenant retail strip center with all tenants on long-term leases that feature rental increases throughout the base terms and options. The subject property is located in Sandy, UT – a fast growing Salt Lake City suburb which benefits from excellent residential demographics.

KARLA MATA
CALIBRE PROPERTIES, LLC
karla@xdevco.com
PH: 801.910.7566
UT Lic #6279932-PB00

Map:
Documents:
Title
TheSchoolyard_BuildingC_SandyUT.pdf
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Location
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