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    Nec State St & 1230 Provo, UT 84604

    Sponsored
    For Lease
    Contact for pricing

    Target-anchored retail space, multiple units available.

    Lot size:
    20,916 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Riverside Plaza, a thriving retail center in Provo, Utah, presents an exceptional investment opportunity. This Target-anchored shopping center boasts a total of 20,916 square feet of leasable space, with three units currently available. Individual spaces range from a minimum of 1,200 square feet to a maximum contiguous space of 16,954 square feet, offering flexibility for various retail concepts. The center benefits from its strategic location, enjoying high traffic counts and excellent proximity to Brigham Young University (BYU), ensuring a consistent flow of potential customers. This prime location within Utah County provides access to a large and diverse consumer base. The property is offered on a net lease basis, with a competitive annual rate of $6.50 per square foot. This attractive lease structure minimizes operational burdens and maximizes return on investment. The center's strong anchor tenant and desirable location make it an ideal investment for discerning buyers seeking a stable and profitable retail property in a vibrant market. The available spaces provide a unique opportunity to establish a presence in a high-traffic, university-adjacent location. Serious inquiries are encouraged to explore this exceptional retail investment opportunity further.

    Property Features for 0 Nec State St & 1230

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,916 SF

    Unit(s) available at that property

    Space
    Suite 12
    Size
    3,962 SF
    Space
    1270
    Size
    2,391 SF
    Space
    Pad A - 2nd Gen w/ Drive-thru
    Size
    2,000 SF

    HighLights

    • Target‑anchored retail center in Provo, UT.
    • High traffic counts.
    • Excellent proximity to Brigham Young University (BYU).
    • Net lease rate: $6.50/SF/year.
    • 20,916 total square feet, with spaces available from 1,200 to 16,954 contiguous square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Provo
    County
    Utah
    State
    Utah
    Longitude
    -111.6674544
    Latitude
    40.2506908

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    FAQs

    What type of property is this?
    Retail property - Target-anchored retail space, multiple units available.
    Where is this retail property located?
    The property is located at Nec State St & 1230 Provo, UT.
    What are key features of this property?
    This property features: Target-anchored retail center in Provo, UT.; High traffic counts.; Excellent proximity to Brigham Young University (BYU).
    Request Owner's contact information
    Nec State St & 1230 Provo, UT 84604
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    Provo, UT 84604
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Nec State St & 1230 Provo, UT 84604
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