Canyon Rim Shopping Center
Retail | 5.25% CAP | 7,700 SqFt
Marketing description
Canyon Rim Shopping Center is a newer-construction two-tenant pad positioned along the highly desirable East Bench corridor. The property is 100% occupied by Utah-based fast casual concepts Café Rio and Café Zupas, providing recognizable regional tenancy with strong Utah consumer familiarity. Both tenants benefit from outdoor seating areas, reinforcing the lifestyle / food-service nature of the asset. The property is located at a high-visibility retail node along 3300 South with immediate access to dense surrounding rooftops and positioned in front of a dominant neighborhood shopping center with strong co-tenancy including Savers, PetSmart, Momentum, Five Guys, Beans & Brews, Wendy's, 7-Eleven, and other daily-needs traffic drivers. This affluent East Bench infill location has high barriers to entry with limited ability to recreate comparable pad retail.
Investment highlights
- INSTITUTIONAL-QUALITY EAST BENCH INFILL RETAIL - Newer-construction two-tenant pad positioned along the highly desirable East Bench corridor.
- 100% OCCUPIED BY UTAH-BASED FAST CASUAL CONCEPTS - Café Rio and Café Zupas provide recognizable regional tenancy with strong Utah consumer familiarity.
- NNN LEASE STRUCTURE - Tenants reimburse taxes, insurance, and common area expense
- HARD CORNER / SIGNALIZED VISIBILITY - Located at a high-visibility retail node along 3300 South with immediate access to dense surrounding rooftops.
- DOMINANT CANYON RIM RETAIL ECOSYSTEM - Positioned in front of a dominant neighborhood shopping center with strong co-tenancy including Savers, PetSmart, Momentum, Five Guys, Beans & Brews, Wendy's, 7-Eleven, and other daily-needs traffic drivers.
- OUTDOOR PATIO FOOD-AND-BEVERAGE DRAW - Both tenants benefit from outdoor seating areas, reinforcing the lifestyle / food-service nature of the asset.
- HIGH BARRIERS TO ENTRY - Affluent East Bench infill location with limited ability to recreate comparable pad retail.
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