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The Schoolyard - Building A

$6,723,000

11020 South State Street, Sandy, UT 84070

Active
Last Updated: 03/05/2025

5.75

Cap Rate

386,567

NOI

Details:
Cap Rate:    5.75%
NOI:    $386,567
Building Size:    8,170 sqft
Lot Area:    1.54 acres
Occupancy:    100%
Lease Type:    Triple Net
Year Built:    2019
Tenancy:    Multiple
Highlights:
  • New construction, two-tenant pad building anchored by corporate Shake Shack
  • Replaceable market rents
  • Crescent Hall lease features 2% annual rental increases
  • Located in The Schoolyard, one of Sandy's premier new retail developments
  • Ideally positioned adjacent to Costco and Scheels
  • Excellent residential demographics within a 5-mile radius of the property – 284,495 residents and average household incomes of $132,108
Description:

A corporate Shake Shack lease running through 2030 with 2, 5-year options and Crescent Hall event space lease running through 2028 featuring 2% annual rental increases. Subject property is located in The Schoolyard, a 30,000+ SF retail development in Sandy, UT (Salt Lake City MSA).

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

Map:
Documents:
Title
TheSchoolyard_BuildingA_SandyUT.pdf
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