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20701943
27137343

11055 Alpine Hwy, Highland, UT 84003

LP
UT UT 5594649-SA00
Newmark Mountain West
Listed by Newmark Mountain West
$3,085,667
574 days on market
Updated 12 days ago

Highland Mains Two Tenant Investment

Details
APN 416900005
Property Type Retail
Sub Type Shopping Center
Square Footage 7,327
Units 2
Cap Rate 6.00%
NOI $185,140
Occupancy 100%
Tenancy Multi
Lease Type NNN
Class B
Buildings 1
Stories 1
Acreage 0.580
Zoning CR

Highland Marketplace Two-Tenant Investment | Treehouse Dental & Burn Boot Camp

Marketing description

INVESTMENT OPPORTUNITY: We are pleased to present this rare opportunity to purchase 100% occupied two-tenant retail building in Highland, UT, boasting the highest income demographics in the state. This building is part of the Highland Mains Shopping Center, situated in the high-income area of Highland and Alpine in Utah Counties. Within Highland Mains, the developer has plans to start a $45 million lifestyle retail center with spaces being delivered in Q3 2025.

MULTI-TENANCY MIX: The property is 100% occupied by two-tenants: Burn Boot Camp and Treehouse Dental. Both Tenants have signed long-term leases with multiple renewal options

ACCESS: The property is easily accessible from I-15, located just off SR-92 (Timpanogos Highway) about 5.5 miles from exit 284. 5300 West connects the property to Alpine from the north and American Fork from the south.

GROWTH AREA: Highland is a relatively small community, but has grown significantly in recent years. The population of Highland has increased by nearly 30% since 2010 and is projected to grow by another 7% in the next five years, bringing the total population to over 20,000 people.

Investment highlights

INVESTMENT OPPORTUNITY: We are pleased to present this rare opportunity to purchase 100% occupied two-tenant retail building in Highland, UT, boasting the highest income demographics in the state. This building is part of the Highland Mains Shopping Center, situated in the high-income area of Highland and Alpine in Utah Counties. Within Highland Mains, the developer has plans to start a $45 million lifestyle retail center with spaces being delivered in Q3 2025.

MULTI-TENANCY MIX: The property is 100% occupied by two-tenants: Burn Boot Camp and Treehouse Dental. Both Tenants have signed long-term leases with multiple renewal options

ACCESS: The property is easily accessible from I-15, located just off SR-92 (Timpanogos Highway) about 5.5 miles from exit 284. 5300 West connects the property to Alpine from the north and American Fork from the south.

GROWTH AREA: Highland is a relatively small community, but has grown significantly in recent years. The population of Highland has increased by nearly 30% since 2010 and is projected to grow by another 7% in the next five years, bringing the total population to over 20,000 people.

Listing Contacts

LP
UT UT 5594649-SA00
Newmark Mountain West
Listed by Newmark Mountain West

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$185,140.00
$15,428.33/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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Additional Information

Name
Lance Pendleton
License
UT 5594649-SA00
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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