2025 E 9400 S
Sandy, UT 84093
Smith's Grocery Shadow Anchored Investment · Retail Property For Sale

Smith’s Grocery Shadow Anchored Shopping Center: - Dominant anchor with top tier gross sales well above the typical store average for a Smith’s Grocery Store - Smith’s is a division of Kroger (NYSE: KR; S&P: BBB), the largest supermarket chain by revenue in the U.S. Upside Potential Through Lease-Up of 18% Vacancy: 8.04% proforma cap rate; 57% NOI growth over 10 years. Potential Break-Up Strategy: - Two separately platted multi-tenant pad buildings - Single-tenant Wendy’s (ground lease with strong gross sales) - Single-tenant Smith’s Fuel Pad (ground lease) Major Recent Capital Expenditures: Property is in excellent physical condition, including the recent installation of new roofs, parking lot slurry and seal, and stacked stone façade improvement. Long-Term Historical Occupancy: Tenants representing 72% of the occupied square footage have leased space at the property since 2010 or earlier. 100% Internet Resistant Tenant Mix: National/regional tenants include Wendy’s, Smith’s Gas, Club Pilates, Domino’s Pizza, Fantastic Sam’s, and Ski 'N See. High Traffic Signalized Intersection Location: 30,000 CPD Located Minutes from Snowbird and Alta Ski Resorts: Ideally positioned on 9400 Street and is the last grocer prior to travelling through Cottonwood Canyon to the nearby ski resorts. Sandy is the 6th Largest City in Utah: Ranked one of safest cities for the 11th consecutive year and only 30 minutes from Salt Lake City International Airport. Affluent Demographics: Within a 1-mile radius, the AHHI is $127,000. The current population within a 5-mile radius of the center is 223,000.