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The Schoolyard - Building A

$6,429,000

11020 South State Street, Sandy, UT 84070

Active
Last Updated: 11/12/2025

6

Cap Rate

385,750

NOI

Details:
Cap Rate:    6%
NOI:    $385,750
Building Size:    8,170 sqft
Lot Area:    1.54 acres
Occupancy:    100%
Lease Type:    Triple Net
Tenancy:    Multiple
Highlights:
  • Two-tenant pad building anchored by corporate Shake Shack
  • Replaceable market rents
  • Crescent Hall lease features 2% annual rental increases
  • The Schoolyard is one of Sandy’s premier retail developments with recent large-scale renovations
  • 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 corporate Shake Shack lease running through 2030 with two, 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

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Documents:
Title
TheSchoolyard_BuildingA_SandyUT.pdf
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