39th South Retail
Owner-User of Investment Opportunity
Marketing description
Cushman & Wakefield is pleased to present 39th South Retail (the “Property”), a retail strip center opportunity located at 894 East 3900 South in Millcreek, Utah. While the Property is currently fully leased on paper, multiple tenants have expressed a willingness to terminate their leases. This creates meaningful flexibility for new ownership to shape the Property’s future tenancy, pursue a market-driven lease-up strategy, or accommodate owner-user occupancy. Importantly, these requests are driven by lease-specific circumstances and are not indicative of weak retail fundamentals or diminished demand for the location. Lender financing is available.
Investment highlights
Flexible Investment, Repositioning, Redevelopment, or Owner-User Opportunity
Willingness among multiple tenants to vacate provides new ownership the flexibility to retain existing income, pursue a targeted lease-up, accommodate an owner-user, or evaluate longer-term redevelopment
Prime Millcreek Setting
Highly accessible east-side location with convenient connectivity to Highland Drive, I-80, and I-15, serving established neighborhoods and recreation-oriented consumers
Compelling Retail Repositioning Opportunity
Tight retail fundamentals, limited new supply, and a projected market-rent target of approximately $23.00 psf NNN support a compelling path to future value creation
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