189 State St, Clearfield, UT 84015 For Sale

STRATEGIC LOCATION IN THE CENTER OF DAVIS COUNTY

Located along State Street in downtown Clearfield, the property benefits from excellent visibility and accessibility with direct connectivity to I-15 and Highway 193. The site is positioned within an established residential trade area that continues to experience strong population growth and housing demand throughout the Wasatch Front.

HILL AIR FORCE BASE – ONE OF UTAH’S LARGEST EMPLOYMENT CENTERS

Clearfield Town Square is located minutes from Hill Air Force Base, which supports more than 25,000 military and civilian jobs and generates billions in annual economic impact. The base provides a stable employment anchor that

consistently fuels housing demand and supports long-term retail and service tenant performance.

SUPPLY-CONSTRAINED HOUSING MARKET DRIVING RETAIL DEMAND

Davis County has experienced sustained population growth as households migrate north from Salt Lake County seeking attainable housing while remaining within commuting distance of major employment centers. Geographic constraints and limited remaining developable land continue to restrict new housing supply, supporting long-term demand for neighborhood retail services.

VALUE-ADD LEASING OPPORTUNITY WITH SHORT WALT

The property currently has approximately 5.59% vacancy and a weighted average lease term of approximately 1.5 years, providing investors with the opportunity to re-tenant space, renew leases at market rates, and reposition the asset to drive NOI growth over the near term.

STABLE IN-PLACE CASH FLOW WITH UPSIDE POTENTIAL

Clearfield Town Square generates approximately $549,114 in in-place NOI, offering immediate income while providing a clear path to value creation through strategic leasing, operational improvements, and market rent growth.