Neighborhood Retail Shopping
7000 South Redwood Road West Jordan, UT 84084
For Sale
Contact for pricing
NNN-structured shopping center anchored by Harbor Freight Tools and Dollar Tree with 100% occupancy by 21 tenants.
Property Size96,615 SF
Lot Size10.24 Acres
Price / SF$158.36
Days on Market51
Property Features for 7000 South Redwood Road
General Information
- Standard status
- Active
- Size
- 96,615 SF
- Lot size
- 10.24 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1987
Listing Agency:
Legend Commercial
Listed By:
Ty Miller · License #UT 9631442-SA00
Source:
Crexi
Added: Jun 3
Changed: Jul 23
Last Checked: Jul 23 at 6:29AM
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 Legend Commercial
Investment Insights
Based on property information with market context.
Redwood Village is a retail shopping center offered on an NNN basis, totaling 96,615 SF on 10.24 acres. The property is 100% occupied by 21 tenants and is anchored by Harbor Freight Tools and Dollar Tree. The offering highlights a weighted average lease term of 4.62 years and a parking ratio of 5.21 spaces per 1,000 SF.
The center is located at the high-visibility intersection of Redwood Road and 7000 South in West Jordan, UT, and the remarks cite approximately 70,000 vehicles per day.
According to the offering, in-place rents are below market, creating potential for future rent growth alongside stable in-place income supported by NNN leases.
The center is located at the high-visibility intersection of Redwood Road and 7000 South in West Jordan, UT, and the remarks cite approximately 70,000 vehicles per day.
According to the offering, in-place rents are below market, creating potential for future rent growth alongside stable in-place income supported by NNN leases.
Key Highlights
- 96,615 SF shopping center on 10.24 acres at the intersection of Redwood Road and 7000 South in West Jordan, UT
- 100% occupied with 21 tenants, anchored by Harbor Freight Tools and Dollar Tree
- NNN lease structure with weighted average lease term of 4.62 years
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 | $1.83M | $18.96 |
| − Vacancy | −$51.3k | −$0.53 |
| EGI | $1.78M | $18.43 |
| − OpEx | −$534.2k | −$5.53 |
| NOI | $1.25M | $12.90 |
96,615 SF · lease $18.96/SF/yr · vacancy 2.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$17.81M
$15.58M – $20.77M
NOI $1,246,371 @ 7.0% cap · market cap 8.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$27.41M
$23.99M – $31.98M
NOI $1,919,043 @ 7.0% cap · market cap 12.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shopping centers
Similar Off Market Nearby
- Park Village Plaza — 7061 S Redwood Rd, West Jordan, UT 84084
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FAQs
What type of property is this?
Shopping center - NNN-structured shopping center anchored by Harbor Freight Tools and Dollar Tree with 100% occupancy by 21 tenants.
Where is this shopping center located?
The property is located at 7000 South Redwood Road West Jordan, UT.
What is the asking price?
The asking price for this property is $15,300,000.
What are key features of this property?
This property features: 96,615 SF shopping center on 10.24 acres at the intersection of Redwood Road and 7000 South in West Jordan, UT; 100% occupied with 21 tenants, anchored by Harbor Freight Tools and Dollar Tree; NNN lease structure with weighted average lease term of 4.62 years
