11055 Alpine Hwy Highland, UT 84003
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.
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Kevin Johnstun Dental Office
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Treehouse Dental Dental Office
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Burn Boot Camp Gym & Fitness Center
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Do Performance and Fitness Gym & Fitness Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.