Property profile

1865 W Pleasant Grove Blvd Pleasant Grove, UT 84062

FOR LEASE
Strip malls
Property ID
US86-0826296
11,429 SF 1.39 ac lot Built 2019
Entity Owned 5-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

Valley Grove Community Center offers 19,102 square feet of retail space in Pleasant Grove, Utah County. Currently, 17,002 square feet is vacant, offering significant opportunity for multiple tenants. The property sits on a 6.5-acre lot and features a single-story building with spaces ranging from a minimum of 7,625 square feet to a maximum contiguous space of 9,377 square feet. This prime retail location boasts high visibility and traffic, exceeding 60,000 average daily traffic counts (ADT), and benefits from its placement at a lighted intersection. Easy access to Interstate I-15 ensures convenient access for customers and employees. The property offers both pad and shop space options, and a drive-thru is available for suitable tenants. A significant advantage is its proximity to a proposed 100,000 square foot convention center with over 500 hotel rooms, promising increased foot traffic and potential synergy. This presents a unique opportunity for businesses seeking high-traffic exposure in a rapidly growing area. The property's size and layout provide flexibility for a variety of retail uses.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2019
Total area 11,429 SF
Lot 1.39 ac (60,418 SF)
APN 54-376-0021
UPID US86-0826296

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant
  • Tattoo & Piercing Shop Skin Care Clinic
  • Medical Clinic
  • Mobile Phone Store Electronics & Wireless Store
  • Restaurant

Location

1865 W Pleasant Grove Blvd Pleasant Grove, UT 84062
Pleasant Grove metro Census 601 PROVO-OREM, UT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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