Listing Agency: Newmark Mountain West

Listed By: Brett Palmer · License #UT 5479605-SA00

Source: Crexi

Added: Apr 11 Changed: Aug 30 Last Checked: Aug 31 at 2:10PM

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Investment Insights

Based on property information with market context.

Union Point Shopping Center is a retail-space offering at 715 Fort Union Blvd in Midvale, Utah. The property contains 82,195 SF of retail area and is offered for sale. The stated capitalization rate is 6.86%.

Key Highlights

• 82,195 SF of retail space
• 6.86% CAP rate
• Located at 715 Fort Union Blvd, Midvale, UT 84047

Property Analytics

Property Profile

Current Use

Retail space

Suggested Use

Top Pick Building Supply Daycare Center Storage Facility (Bike/Boat/Book/etc) Store Carpet & Flooring Store Wine and Liquor Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,004

Businesses Nearby

43k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 96% Hotels & Casinos 4%

Wendy's Dining

13,148 visits/mo 0.3 miles

Buffalo Wild Wings Dining

10,876 visits/mo 0.4 miles

SONIC Drive In Dining

10,237 visits/mo 0.2 miles

Arby's Dining

5,362 visits/mo 0.1 miles

Holiday Inn Express Salt Lake City South-Midvale, an IHG Hotel Hotels & Casinos

1,721 visits/mo 0.1 miles

Demographics for 84047, UT

37,146

Population

17,221

Households

2.2

Avg Household Size

33

Median Age

34%

College-Educated

92%

High-School Grad

6.4 sq mi

ZIP Area

5,804

Density / Sq Mi

$73,120

Median Household Income

$43,845

Median Earnings

$1,482

Median Rent

$404,200

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Retail space - Retail space offered for sale with a stated 6.86% cap rate.

Where is this retail space located?

The property is located at 715 Fort Union Blvd Midvale, UT.

What are key features of this property?

This property features: 82,195 SF of retail space; 6.86% CAP rate; Located at 715 Fort Union Blvd, Midvale, UT 84047