4243 Orinda Drive

4243 Orinda Drive is a fully occupied retail strip center for sale in Lehi, UT, within the Provo-Orem-Lehi MSA. Built in 2024, the 6,789 SF property pairs current occupancy with a format suited to investors seeking retail income.

The center occupies 1.74 acres and has 53 surface parking spaces, monument signage, and a drive-thru. Those features give retailers several ways to serve customers, while the parking supports visits across the property. Traffic of 23,576 AADT gives the signage an audience and makes customer exposure a part of the investment story. With 0 SF of available GLA and 100% occupancy, the offering is centered on its existing tenancy rather than a vacant-space lease-up. The 2024 construction date also places the building’s age in context for buyers comparing retail assets.

The asking price is $4,821,000, or $710.12 PSF, with a 6% cap rate and $289,283 in NOI. Annual in-place rents are $289,283, and the property has an 8 years WALT. Together, the occupancy and lease duration give an investor a defined income position to underwrite, while the drive-thru, monument signage, parking, and traffic count speak to the center’s retail function. For a buyer focused on occupied strip-center property, 4243 Orinda Drive offers a current income stream in a recently built asset.