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North Grove Retail 1563 State St 5,000 SF 100% Leased Retail Building Pleasant Grove, UT 84062 $3,846,154 ($769.23/SF) 6.25% Cap Rate
Executive Summary
Property Information
• Fully leased three tenant building
• Tenants: Zeppes, Taava Italian Pizza, Middle Tenant TBA
• Excellent Investment Opportunity
• Between 2 signalized corners
• Great exposure to State Road traffic
• Average daily traffic: 29,500 vehicles per day
• Nearby co-tenants:
• Fully leased three tenant building
• Tenants: Zeppes, Taava Italian Pizza, Middle Tenant TBA
• Excellent Investment Opportunity
• Between 2 signalized corners
• Great exposure to State Road traffic
• Average daily traffic: 29,500 vehicles per day
• Nearby co-tenants:
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
5,000 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$3,846,154
Price Per SF
$769.23
Cap Rate
6.25%
NOI
$240,385
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
1.00 AC
Zoning
C-2 - Retail and Professional Office, Medical
Parking
45 Spaces (5.63 Spaces per 1,000 SF Leased)
Frontage
98’ on West State Street
Amenities
- Restaurant
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 47-413-0303 | Improvements Assessment | $0 |
| Land Assessment | $558,900 | Total Assessment | $558,900 |
Property Taxes
Parcel Number
47-413-0303
Land Assessment
$558,900
Improvements Assessment
$0
Total Assessment
$558,900
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North Grove Retail | 1563 State St
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