Target Retail Property

1350 N Main St, Logan, UT 84341

For Sale

New

$25,265,000

A 15-year NNN lease and planned 2026 construction define the offering.

Property Size148,000 SF

Price / SF$170.71

Days on Market2

Property Features for 1350 N Main St

General Information

Standard status Active

Size 148,000 SF

Property subtype Department Store

Additional Details

Cap Rate 4.75%

Amenities

15-Year Corporate NNN Ground Lease Featuring 8% Rental Increases Every 5 Years in the Initial Term and Options. Brand New 2026 Construction, Opened July 2026 as Cache Valley's First Target Store.

Strategic North Main Street (U.S. 91) Location Within an Established Commercial Corridor Connecting Logan, North Logan, and the Surrounding Cache Valley Residential Communities Across Northern Utah.

National Retail Leader - Target Corporation (NYSE: TGT) Operates Over 2,000 U.S. Stores and Generated $104.8 Billion in Fiscal 2025 Net Sales, Demonstrating Substantial National Scale and Presence.

312 Planned Residences - Located within Cache Valley Marketplace, the Property Benefits from a Redevelopment Plan Incorporating Approximately 312 Residences, Creating Potential Future Demand from Households Immediately Surrounding the Store.

Located within Walking Distance of Utah State University's Logan Campus, which Enrolled 20k+ Undergraduate and Graduate Students in Fall 2025, providing a Substantial Student Customer Base for Everyday Retail Purchases.

Regional Healthcare Demand - Just Down the Street from Intermountain Logan Regional Hospital, Drawing Healthcare Professionals, Patients, and Visiting Families Seeking Convenient Shopping and Everyday Essentials.

Growing Regional Population - Cache County Reached an Estimated 145,000 Residents in 2025, up 8.9% Since 2020, Expanding the Regional Customer Base Supporting Logan's Established Retail and Service Businesses.

$3.3 Billion Retail Market - Cache County Generated Approximately $3.3 Billion in Retail Sales in 2025, Demonstrating Substantial Established Consumer Activity and Supporting Logan's Role as a Regional Shopping Destination. Surrounded by National Retailers - Nearby Walmart Supercenter, The Home Depot, WinCo Foods, and Hobby Lobby Concentrate Grocery, Home Improvement, and Discretionary Shopping within the Surrounding North Main Street Retail Corridor.

Building Details

Building Size 148,000 SF

Listing Agency: Marcus & Millichap - Denver

Listed By: Adam Lewis

Source: Marcusmillichap

Added: Nov 12 Last Checked: Nov 12 at 2:48PM

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 Marcus & Millichap - Denver

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Investment Insights

Based on property information with market context.

The offering is a Target retail property at 1350 N Main St in Logan, Utah. The listing identifies a 15-year NNN lease and a 2026 build, providing a clear framework for the property’s lease and construction timeline.

Logan is home to Utah State University’s Logan campus, which enrolled 20,571 students in fall 2025. Cache County’s estimated population was 145,000 in 2025, up 8.9% from 2020. The area also has healthcare, research, aerospace, defense, engineering, and food manufacturing employers, alongside outdoor recreation and cultural attractions.