The Schoolyard
$16,219,000
11020 South State Street, Sandy, UT 84070
For Sale
Retail
Active
Last Updated: 10/07/2025
6.3
Cap Rate
1,021,782
NOI
Details:
Cap Rate: 6.3%
NOI: $1,021,782
Building Size: 24,604 sqft
Lot Area: 4.19 acres
Lease Type: Triple Net
Price Per Sqft: $659.20
Tenancy: Multiple
Year Last Renovated: 2023
Highlights:
- 100% occupied retail center with a synergistic mix of national and regional tenancies
- Long-term leases featuring annual rental increases and both corporate and personal guarantees
- Replaceable market rents
- High quality / strong demographic underlying real estate with major draws
- Ideally positioned adjacent to Costco, Walmart, Sam’s Club, & Scheels
- Recent large-scale renovations making this one of Sandy’s premier new retail developments
- 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 recently renovated retail shopping center comprised of three separately parceled pad buildings with a synergistic mix of national and regional tenancies. The subject property is located in Sandy – an affluent Salt Lake City submarket boasting average household incomes of $138,000 within a 5-mile radius.
KARLA MATA
CALIBRE PROPERTIES, LLC
karla@xdevco.com
PH: 801.910.7566
UT Lic #6279932-PB00
Documents:
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TheSchoolYard_SandyUT.pdf
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Location
Gallery
