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7200 2550 Spanish Fork, UT 84660

OFF-MARKET Lifestyle centers Google Maps
16 ac lot
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional new retail development in Spanish Fork presents a unique investment opportunity. The property offers a variety of options, including outright purchase, ground lease, or build-to-suit arrangements. A substantial anchor pad site is available, encompassing up to 16.09 acres, providing ample space for a large-format retailer. In addition, four separate pad sites, each exceeding one acre, are ready for development. This development boasts a highly desirable location, situated on a hard corner with exceptional visibility, ensuring maximum exposure for tenants. The property benefits from its proximity to Spanish Fork's main commercial area, a mere four-minute drive away, and enjoys a high average daily traffic count of 25,375 vehicles on Highway 6. This translates to a robust and growing customer base for potential tenants. Developed by Evergreen, this project represents a prime opportunity to capitalize on the significant growth and potential of the Spanish Fork market. The property's size and flexibility make it suitable for a wide range of retail uses, from fast food and banking to grocery stores and other retail establishments. Detailed pricing and further information are available upon request.

Property profile

Verified
Property type Lifestyle centers
Lot 16 ac (696,960 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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