Description

3526 West 1940 North is a 6,124 SF strip center for sale in Lehi, UT, in the Lehi submarket. Built in 2024 and 100% occupied, the Property offers a retail investor an occupied asset with a recent construction date.

The center sits on 1.35 acres and has 26 parking spaces. For a buyer, the site size and parking are tangible parts of the retail offering, alongside the 6,124 SF of gross leasable area. The 2024 construction date gives investors a clear starting point for reviewing the building, while 100% occupancy makes the existing leases central to the acquisition. This is a purchase of an occupied strip center rather than space being marketed for a new tenant, so the income and lease terms drive the investment case.

The asking price is $4,070,000, or $664.60 PSF. The Property has $244,216 in NOI, a 6% cap rate and 6 years of WALT. Together, those figures give buyers a defined basis for comparing price with current income and the remaining weighted average lease term. The NNN lease structure is another part of that review, informing how a buyer examines the relationship between rental income and property expenses. For an investor seeking retail exposure in Lehi, the opportunity is to acquire a fully occupied, recently built strip center with an established income profile.