WinCo Foods Anchored Retail Investment
Retail | 6.25% CAP | 12,650 SF
Marketing description
WINCO SHADOW-ANCHORED CENTER WITH DAILY-NEEDS TENANCY
The Property is positioned adjacent to WinCo Foods, creating a strong daily-needs draw for the center and supporting consistent customer traffic for the in-line shop space. The current rent roll reflects a diversified mix of necessity and service-oriented tenants, including Mattress Firm, Great Clips, Simply Smiles Dental, Dickey’s Barbecue, Smart Loans, House of Hookah, and Boba, which helps reduce reliance on any single small-shop category.
Investment highlights
STRATEGIC WEST VALLEY INFILL LOCATION WITH IMPROVED REGIONAL ACCESS
Located along 5600 West in the heart of West Valley City, the Property benefits from direct connectivity to SR-201, I-215, Bangerter Highway, I-15, and I-80. The June 2021 opening of the Mountain View Corridor connection to SR-201 further enhanced north-south mobility in western Salt Lake County, including roadway improvements at 3500 South and 5600 West, strengthening access and visibility for the surrounding retail corridor.
ATTRACTIVE IN-PLACE CASH FLOW WITH CONTRACTUAL RENT GROWTH
The offering provides $410,933 of Year 1 NOI with pricing at a 6.25% CAP Rate, supported by contractual rent increases across much of the tenant roster. The current rent roll also indicates a WALT of approximately 4.33 years, offering a combination of near-term cash flow stability and future lease-up / mark-to-market opportunity.
LOCATED IN UTAH’S SECOND-LARGEST CITY JUST MINUTES FROM DOWNTOWN AND SLC
West Valley City is identified by the City’s economic development office as Utah’s second-largest city and offers exceptional centrality within the Salt Lake Valley. The city is approximately 10 minutes from both downtown Salt Lake City and Salt Lake City International Airport, giving the Property access to one of the region’s largest population, labor, and consumer bases.
PROXIMITY TO A MAJOR REGIONAL AIRPORT AND INTERMOUNTAIN DISTRIBUTION NETWORK
Salt Lake City International Airport is one of the region’s key infrastructure assets, with more than 330 daily flights, 100 nonstop destinations, and a record 28.4 million passengers in 2024. Combined with West Valley City’s immediate highway access and freight connectivity, the location benefits from strong regional accessibility that supports both resident spending patterns and long-term commercial demand.
SUPPORTED BY A DIVERSE EMPLOYMENT BASE AND ESTABLISHED BUSINESS COMMUNITY
West Valley City continues to attract a broad range of employers and commercial users due to its location, workforce access, and transportation infrastructure. The city’s economic development materials highlight major employers such as Amazon, Hexcel, Frito-Lay, Snap Finance, and Pride Transport, reinforcing the depth of the local employment base that supports surrounding retail demand and long-term tenant performance.
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