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33285952
33285950

7000 South Redwood Road, West Jordan, UT 84084

TM
UT UT 9631442-SA00, UT NV S.0190414 (+1)
Legend Commercial
HT
UT UT 9614613-SA00, UT
Legend Commercial
MH
UT UT 5494398-SA00
Legend Commercial
Listed by Legend Commercial
$15,300,000
1 day on market
Updated 1 day ago
Opportunity zone

Redwood Village

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 96,615
Net Rentable (SqFt) 96,615
Units 21
Cap Rate 7.70%
NOI $1,176,483
Occupancy 100%
Tenancy Multi
Brand/Tenant Dollar Tree, Harbor Freight
Lease Type NNN
Price per SqFt $158
Year Built 1987
Acreage 10.240
Zoning SD-2 (Community Shopping Center)
Ground Lease No

100% Occupied - 7.7% Cap Rate -$15,300,000

Marketing description

Redwood Village, located at 7000–7144 South Redwood Road, West Jordan, UT 84084, is a premier shopping center investment opportunity in the heart of the Salt Lake Valley. This 96,615 SF retail center sits on 10.24 acres at the high-visibility intersection of Redwood Road and 7000 South, benefiting from approximately 70,000 vehicles per day. The property is 100% occupied by a diverse roster of 21 tenants and anchored by nationally recognized Harbor Freight Tools and Dollar Tree, creating strong daily traffic and long-term consumer draw. Redwood Village offers stable in-place income supported by NNN leases, a strong parking ratio of 5.21/1,000 SF, and a weighted average lease term of 4.62 years. Positioned in rapidly growing West Jordan, the center is surrounded by dense residential neighborhoods, established retailers, and strong household incomes. Redwood Village also presents meaningful upside through below-market in-place rents, offering investors a compelling mark-to-market value-add opportunity in one of Utah’s most dynamic retail corridors.

Investment highlights

100% Occupied

7.70% Cap Rate on In Place Income

Low Basis - $158 PSF

Below Market Rents - $15.6 PSF Avg

High Traffic Counts - 70,000+ ADT

Dollar Tree and Harbor Freight just signed long-term renewals

Listing Contacts

TM
UT UT 9631442-SA00, UT NV S.0190414 (+1)
Legend Commercial
HT
UT UT 9614613-SA00, UT
Legend Commercial
MH
UT UT 5494398-SA00
Legend Commercial
Listed by Legend Commercial

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,176,483.00
$98,040.25/mo

Valuation Metrics

0
DSCR
7.69%
Cap Rate
7.69%
ROI

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Additional Information

Name
Ty Miller
License
UT 9631442-SA00
Name
Hunter Todd
License
UT 9614613-SA00
Name
Matt Harlin
License
UT 5494398-SA00
Brokerage
Legend Commercial
Brokerage Phone
8019305480
Title
Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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