Jordan Village Center
Retail | 6.50% CAP | 9,870 SF
Marketing description
OVERVIEW Jordan Village Center is located at 2573 West 7800 South in West Jordan, UT. This retail strip center sits right off the very busy 7800 South with great visibility and access to the site. With 9,870 SF of retail space, this building is great for any retailer looking to capture the high traffic counts and visitors to the center. There is plenty of parking on site.
Investment highlights
STRONG TENANT MIX The property has been developed with strong national and local branded tenants.
EASY MANAGEMENT/STABILITY AND GROWTH All leases are (i) for plus options and have built-in rent growth and (ii) are triple type net lease for smaller shop buildings.
AMPLE PARKING 9.2 spaces per 1,000 square feet
PREMIER RETAIL PROPERTY Visible to over 38,000/cars per day. The building is centrally located and draws traffic from all neighborhoods nearby. The tenant mix can provide for a wide variety of needs from both residents and visitors alike.
GROWTH AREA Located in Salt Lake County, West Jordan is a suburb of Salt Lake City with a population of 358,978 within a 5-mile radius. Living in West Jordan offers residents a rural feel and most residents own their homes. The median household income is $127,142 within a 3-mile radius.
*Current occupancy 85.41%; property assumes market rent for 1,440 SF vacancy with Seller providing up to a 1-year rent credit to Purchaser at Closing.
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