3601 2700 West Valley City, UT 84119
- Lifestyle centers
- 23,058 SF
Current Use by Public Records
- T-Mobile Authorized Retailer / Internet Service Provider / Telecommunications Service Provider
- Metro by T-Mobile / Cell Phone Store
- JCPenney Optical - Location Closing Soon! / Optometrist / Contact Lenses Supplier
- Tricked Out Accessories and Phone Repair / Cell Phone Accessory Store / Cell Phone Store
- Hobby Lobby / Picture Frame Shop / Scrapbooking Store
Property Details for 3601 2700
- Property size
- 23,058 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents three retail buildings totaling 23,058 square feet, situated on three outparcel pads at the prominent Valley Fair Mall in West Valley City, Utah. The property features a diverse tenancy including Bank of America and Olive Garden, operating under a triple-net (NNN) lease structure. Built between 2005 and 2009, these single-story buildings offer a strong, multi-tenant income stream with a current Net Operating Income (NOI) of $699,114 and a compelling 5.27% capitalization rate. The asking price is $13,268,374, translating to a price per square foot of $575.43. The property benefits from a high-visibility location within a major commercial district, offering excellent accessibility and exposure. Located in Utah's second-largest city, and near West Valley City's new downtown area, this investment boasts attractive demographics and a prime location within a premier retail, residential, and entertainment hub. The property is situated on a ground lease. This is an ideal acquisition for individual investors or portfolio expansion, capitalizing on the #1 ranked economy in the nation. The property consists of three buildings, two multi-tenant and one single-tenant.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- West Valley City
- County
- Salt Lake
- State
- Utah
- Longitude
- -111.958
- Latitude
- 40.6942
