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The Schoolyard Building C

$5,409,000

11078 South State Street, Sandy, UT 84070

Pending
Last Updated: 04/02/2025

6.3

Cap Rate

340,793

NOI

Details:
Cap Rate:    6.3%
NOI:    $340,793
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
  • Brand-new 2023 build-to-suit construction
  • Replaceable market rents
  • The Schoolyard is one of Sandy’s premier new retail developments - 30,000+ SF of newly constructed, 100% occupied space
  • Other major national tenants include Shake Shack & V-E-G (Veterinary Emergency Group)
  • Ideally positioned adjacent to Costco and Scheels
  • Excellent residential demographics within a 5-mile radius of the property – 274,078 residents and average household incomes of $131,305
Description:

New construction strip center located in affluent Salt Lake City suburb adjacent to Costco and Scheels. 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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