Highland Retail Investment
11055 Alpine Hwy Highland, UT 84003
11055 Alpine Hwy, Highland, UT, 84003
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For Sale
Contact for pricing
Fully occupied retail building in Highland Mains Shopping Center.
Property Size7,327 SF
Price / SF$421.14
Days on Market612
Property Features for 11055 Alpine Hwy
General Information
- Standard status
- Active
- Size
- 7,327 SF
- Property subtype
- Retail
Listing Agency
Newmark Mountain West
(801) 885-4304
Listed by
Lance Pendleton · License #UT 5594649-SA00
Source
Crexi
Added: Nov 12, 2024 Checked: Jul 15 at 11:22 pm
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark Mountain West
Investment Insights
Based on property information with market context.
This is an opportunity to purchase a 100% occupied, two-tenant retail building located in Highland, Utah. The property is part of the Highland Mains Shopping Center, situated in an area with high-income demographics. The developer has plans to start a $45 million lifestyle retail center within Highland Mains, with spaces being delivered in Q3 2025. The property is 100% occupied by Burn Boot Camp and Treehouse Dental. Both tenants have signed long-term leases with multiple renewal options. The property is easily accessible from I-15, located just off SR-92 (Timpanogos Highway) about 5.5 miles from exit 284. 5300 West connects the property to Alpine from the north and American Fork from the south. Highland has experienced significant growth in recent years. The population of Highland has increased by nearly 30% since 2010 and is projected to grow by another 7% in the next five years, bringing the total population to over 20,000 people. The property size is 7327 square feet.
Key Highlights
- 100% Occupied with Long‑Term Leases, providing a stable income stream.
- Located in High‑Income Demographics of Highland, UT.
- Part of Highland Mains Shopping Center, benefitting from foot traffic.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $182.9k | $24.96 |
| − Vacancy | −$7.7k | −$1.05 |
| EGI | $175.2k | $23.91 |
| − OpEx | −$52.6k | −$7.17 |
| NOI | $122.6k | $16.74 |
7,327 SF · lease $24.96/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.75M
$1.53M – $2.04M
NOI $122,641 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.02M
$1.77M – $2.36M
NOI $141,382 @ 7.0% cap · market cap 4.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Kevin Johnstun
Dental Office
Treehouse Dental
Dental Office
Burn Boot Camp
Gym & Fitness Center
Do Performance and Fitness
Gym & Fitness Center
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FAQs
What type of property is this?
Shopping center - Fully occupied retail building in Highland Mains Shopping Center.
Where is this shopping center located?
The property is located at 11055 Alpine Hwy Highland, UT.
What is the asking price?
The asking price for this property is $3,085,667.
What are key features of this property?
This property features: 100% Occupied with Long‑Term Leases, providing a stable income stream.; Located in High‑Income Demographics of Highland, UT.; Part of Highland Mains Shopping Center, benefitting from foot traffic.
