Property profile

4161 N Thanksgiving Way Lehi, UT 84043

FOR LEASE
Strip malls
Property ID
US86-0613282
19,960 SF 1.45 ac lot Built 2009
Entity Owned 6-yr Hold ~ Est. High Equity
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4161 N Thanksgiving Way, Lehi, UT 84043 For Lease
$1,800/Mo 1,800 SF available
4161 N Thanksgiving Way, Lehi, UT 84043
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Property summary

AI-generated overview

This exceptional retail property, located in Utah County, offers 8,800 square feet of commercial space in a Class B building. Currently, there is 1,590 square feet of immediately available space, perfect for a variety of retail businesses seeking a high-visibility location. The property is configured for multiple tenants, providing flexibility for businesses of different sizes. The existing building boasts a total of 8,800 square feet, indicating a strong established presence within the community. The available space presents a unique opportunity to establish or expand a retail operation in a thriving market. The 1,590 square foot vacant unit is ready for immediate occupancy, minimizing downtime and allowing for a swift start to operations. This property is ideally suited for businesses seeking a well-established location with existing infrastructure. Its location within Utah County offers access to a substantial customer base and strong regional economic activity. The property's Class B designation reflects a balance between affordability and functionality, making it an attractive option for businesses seeking a cost-effective yet well-maintained space. The multiple tenancy configuration allows for a diverse range of businesses to coexist, creating a vibrant and dynamic retail environment. This presents a compelling opportunity for businesses looking to establish a strong foothold in a desirable Utah County location. Serious inquiries are encouraged to explore this promising retail space.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2009
Total area 19,960 SF
Lot 1.45 ac (62,988 SF)
APN 58-002-0159
UPID US86-0613282

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
  • Law Firm
  • Corporate Office
  • Real Estate Agency
  • Loan Service Bank
  • Alternative Medicine Practice

Location

4161 N Thanksgiving Way Lehi, UT 84043
Lehi metro Census 10128 PROVO-OREM, UT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2020
4 recorded transactions
2020
Price N/A
2010
Price N/A
1969
Price N/A
1969
Price N/A

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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