Redwood Village
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
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