11055 Alpine Hwy Highland, UT 84003
- Lifestyle centers
- 7,327 SF
- 0.58 lot acres
Current Use by Public Records
- Kevin Johnstun / Dentist
- Treehouse Dental / Dentist
- Burn Boot Camp / Personal Trainer / Physical Fitness Program
- Do Performance and Fitness / Physical Fitness Program / Personal Trainer
Property Details for 11055 Alpine Hwy
- Lot size
- 0.58 lot acres
- Property size
- 7,327 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a 7,327 square foot, single-story, Class B shopping center in Highland, UT. The property boasts a 6.00% cap rate and a strong net operating income (NOI) of $185,140, generated by two tenants under long-term NNN leases with multiple renewal options. Currently 100% occupied by Burn Boot Camp and Treehouse Dental, this multi-tenant building sits on a 0.58-acre lot (APN: 416900005) and is zoned CR. Strategically located at 11055 Alpine Hwy, Highland, UT 84003, it offers convenient access to I-15 via SR-92 (Timpanogos Highway), approximately 5.5 miles from exit 284. The property benefits from its position within the Highland Mains Shopping Center, a rapidly growing area with a planned $45 million lifestyle retail center expansion slated for completion in Q3 2025. Highland's population has experienced significant growth, increasing nearly 30% since 2010 and projected to grow another 7% in the next five years, exceeding 20,000 residents. This presents a compelling investment in a high-growth area with strong demographics and a stable, high-performing tenant base. The asking price is $3,085,667.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Highland
- County
- Utah
- State
- Utah
- Longitude
- -111.786
- Latitude
- 40.4329
