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172 Pleasant Grove Blvd
Pleasant Grove, UT 84062
Pleasant Grove Town Center · Retail Property For Sale
Investment Highlights
- 2 Drive-Thrus
- 200 Apartment units under construction next door
- Positioned adjacent to new multifamily development and near key highways.
- High Demand Food & Beverage Area
- Built in 2025, providing modern design and minimal capital expenditure needs.
Executive Summary
Pleasant Grove Town Center presents a fully leased, two-tenant retail asset in a high-growth corridor of Pleasant Grove, Utah. The property is offered at $3,500,000 with a 6.29% cap rate. Featuring two drive-thru lanes, the building is positioned to meet the growing demand for convenience within a dense residential and expanding commercial trade area.
Located along Pleasant Grove Boulevard with easy access to I-15, this property benefits from excellent visibility and connectivity to major regional arterials. The surrounding area is an established hub of retail, dining, and entertainment, complemented by significant new developments, including over 200 apartment units under construction nearby. Built in 2025, the building offers contemporary design and construction quality, ensuring minimal near-term maintenance requirements. This asset combines stable, long-term income with strategic positioning in Utah County’s dynamic market.
Located along Pleasant Grove Boulevard with easy access to I-15, this property benefits from excellent visibility and connectivity to major regional arterials. The surrounding area is an established hub of retail, dining, and entertainment, complemented by significant new developments, including over 200 apartment units under construction nearby. Built in 2025, the building offers contemporary design and construction quality, ensuring minimal near-term maintenance requirements. This asset combines stable, long-term income with strategic positioning in Utah County’s dynamic market.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,857 SF
Building Class
B
Year Built
2024
Price
$3,250,000
Price Per SF
$842.62
Cap Rate
6.29%
NOI
$204,421
Percent Leased
55%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
0.70 AC
Amenities
- Drive Thru
Property Taxes
| Parcel Number | 49-579-0018 | Improvements Assessment | $0 |
| Land Assessment | $528,700 | Total Assessment | $528,700 |
Property Taxes
Parcel Number
49-579-0018
Land Assessment
$528,700
Improvements Assessment
$0
Total Assessment
$528,700
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