Grocery-Anchored Shopping
For Sale
Contact for pricing
1616 West Traverse Parkway, Lehi, UT 84043
Fully leased retail center combines daily-needs grocery retail with national and regional service and restaurant tenants.
Property Size127,119 SF
Days on Market13
Property Features for 1616 West Traverse Parkway
General Information
Standard status
Active
Size
127,119 SF
Class
A
Total Parking Spaces
1218
Property subtype
Retail
Zoning
P-C, Planned Community — Highway Commercial Planning District within the Traverse Mountain Area
Occupancy
100%
Lease Type
NNN
Investment Type
Institutional
Additional Details
Anchor Co-Tenants
Harmons, Marshalls
Building Details
Year Built
2016
Year Renovated
2022
Buildings
15
Units
49
Tenancy
Multi
Listing Agency:
Newmark Mountain West
(801) 578-5534
Listed By:
Bryce Blanchard · License #UT 5487558-SA00
Source:
Crexi
Added: Aug 17
Changed: Aug 28
Last Checked: Aug 28 at 7:54AM
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.
The Terrace at Traverse Mountain is a 127,119-square-foot shopping center completed in 2016 and currently 100% leased. Harmons serves as the primary anchor, with Marshalls in a junior-anchor role. The tenant roster also includes JPMorgan Chase, H&R Block, Café Rio, Zao, AT&T, T-Mobile, Verizon, R&R BBQ, Taqueria 27, The Original Pancake House, Jersey Mike's, Tsunami, Beans & Brews, Capriotti's and Houston Hot Chicken.
Located at 1616 West Traverse Parkway in Lehi, Utah, the center is within the Traverse Mountain Area and carries P-C, Planned Community — Highway Commercial Planning District zoning. The property records more than 2.1 million visits annually, including over 1.08 million visits to Harmons. Approximately 79% of the owned square footage is subject to a renewal option, while the original ten-year leases are entering their first renewal period.
Located at 1616 West Traverse Parkway in Lehi, Utah, the center is within the Traverse Mountain Area and carries P-C, Planned Community — Highway Commercial Planning District zoning. The property records more than 2.1 million visits annually, including over 1.08 million visits to Harmons. Approximately 79% of the owned square footage is subject to a renewal option, while the original ten-year leases are entering their first renewal period.
Key Highlights
- 127,119‑square‑foot shopping center completed in 2016
- 100% leased with Harmons as the primary anchor and Marshalls as junior anchor
- More than 2.1 million annual visits; Harmons accounts for over 1.08 million
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,056
Businesses Nearby
319k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 41%
Dining 36%
Groceries 16%
Shops & Services 2%
Harmons Grocery
Groceries
51,456 visits/mo
0.1 miles
Chick-fil-A
Dining
48,992 visits/mo
0.5 miles
Columbia Sportswear
Apparel
26,200 visits/mo
0.3 miles
Marshalls
Apparel
24,290 visits/mo
0.1 miles
The North Face
Apparel
14,389 visits/mo
0.4 miles
Demographics for 84043, UT
76,954
Population
23,408
Households
3.3
Avg Household Size
26
Median Age
50%
College-Educated
97%
High-School Grad
31.1 sq mi
ZIP Area
2,474
Density / Sq Mi
$125,598
Median Household Income
$49,643
Median Earnings
$1,802
Median Rent
$567,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Coin Cloud Bitcoin ATM — 3601 Digital Dr Suite 208, Lehi, UT 84043
- Traverse Mountain Plaza — 1750 W Traverse Pkwy, Lehi, UT 84043
- Outlets at Traverse Mountain — 3700 Cabela's Blvd, Lehi, UT 84043
- Sunglass Hut — 3700 Cabela's Blvd Spc. 329, Lehi, UT 84043
- Sunglass Outfitters by Sunglass Hut — 2502 Cabela's Blvd, Lehi, UT 84043
Frequently Asked Questions
What type of property is this?
Shopping center - Fully leased retail center combines daily-needs grocery retail with national and regional service and restaurant tenants.
Where is this shopping center located?
The property is located at 1616 West Traverse Parkway Lehi, UT.
What are key features of this property?
This property features: 127,119‑square‑foot shopping center completed in 2016; 100% leased with Harmons as the primary anchor and Marshalls as junior anchor; More than 2.1 million annual visits; Harmons accounts for over 1.08 million
