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Steele Ridge Plaza Building #2 297 E Crossroads Blvd 7,398 SF 100% Leased 4-Star Retail Building Saratoga Springs, UT 84045 $4,388,155 ($593.15/SF) 6.50% Cap Rate
Investment Highlights
- Flexible suite layout ideal for food, wellness, and boutique retail
- Surrounded by national retailers including Walmart, Costco, and Home Depot
- Positioned along Crossroads Blvd with 17,000+ daily traffic
Executive Summary
The 7,398 SF building sits on a 0.79-acre parcel and is positioned along Crossroads Blvd. with ~17,000 vehicles per day, delivering excellent visibility and accessibility.
The tenant mix includes a curated lineup of quality, locally driven concepts—Degree Wellness, Oh No Bagels, and The Wurst Meat Shop—offering a diversified blend of health, food, and specialty retail uses that drive consistent daily traffic to the center.
Strategically located within one mile of major national anchors including Walmart, Costco, Home Depot, Smith’s Marketplace, and Vasa Fitness, the property benefits from strong retail synergy and consumer draw. The surrounding area demonstrates exceptionally tight retail fundamentals, with approximately 1.2M SF of nearby retail operating at just 1.5% vacancy and new construction fully pre-leased.
Saratoga Springs continues to rank among the fastest-growing cities in Utah, with ~28.8% projected population growth, supporting long-term demand and tenant performance.
The tenant mix includes a curated lineup of quality, locally driven concepts—Degree Wellness, Oh No Bagels, and The Wurst Meat Shop—offering a diversified blend of health, food, and specialty retail uses that drive consistent daily traffic to the center.
Strategically located within one mile of major national anchors including Walmart, Costco, Home Depot, Smith’s Marketplace, and Vasa Fitness, the property benefits from strong retail synergy and consumer draw. The surrounding area demonstrates exceptionally tight retail fundamentals, with approximately 1.2M SF of nearby retail operating at just 1.5% vacancy and new construction fully pre-leased.
Saratoga Springs continues to rank among the fastest-growing cities in Utah, with ~28.8% projected population growth, supporting long-term demand and tenant performance.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
7,398 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2025
Price
$4,388,155
Price Per SF
$593.15
Cap Rate
6.50%
NOI
$285,204
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
0.79 AC
Zoning
Regional Commercial (RC)
Amenities
- Signage
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
40/100
Nearby Major Retailers
1 of 7
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