Listing banner image
  • Asking Price
    $4,905,000Asking Price
  • Cap Rate
    5.25%Cap Rate
  • NOI
    $257,556NOI
  • Occupancy
    100%Occupancy
  • Gross Leasable Area
    3,716 SFGross Leasable Area
  • Year Built
    2025Year Built

Description

Colliers is pleased to exclusively offer for sale a new construction single tenant net-leased Flower Child located within Mountain View Village – an ±85- acre mixed use destination that is part of a ±600-acre master development featuring additional residential, office, and retail, in the Salt Lake City, UT MSA.

The asset benefits from a 15-Year Lease with percentage rent, annual base rent and fixed CAM increases, including options, along with combined traffic counts in excess of ±50,943 VPD. Mountain View Village has been drawing people 25 miles south of downtown Salt Lake with its vast amount of must-visit shops and restaurants. Notable national co-tenants include Harmons, Cinemark, Sephora, Nike, Anthropologie, Athleta, Lululemon, PetSmart, Kona Grill, Brandy Melville, and more. The project is in Phase III of development with additional retail, office, medical, hotel, and a future Trax Line transit line extension. Upon completion, Mountain View Corridor is projected to carry ±165,000 VPD.

The asset is surrounded by affluence with nearby neighborhoods that are well known for being impressive in size and finishes, servicing ±208,410 residents with an annual household income of ±$161,022 within a 5-mile radius.

Documents

Offering Summary

  • Asking Price
    $4,905,000
  • Property Type
    Retail
  • Occupancy
    100%
  • Built
    2025

Sale Details

  • In-Place Cap Rate
    5.25%
  • In-Place NOI
    $257,556

Documents

Property Address

4422 W. Tree Sparrow Drive
Riverton, UT 84096

Property Details

  • Property Type
    Retail
  • Occupancy
    100%
  • Year Built
    2025
  • Lease Type
    NNN
  • Zoning
    Commercial
  • APN
    273-137-600-600-00
  • Gross Leasable Area
    3,716 SF
  • Available GLA
    3,716 SF
  • Acres
    0.20

Property Details

  • Property Type
    Retail
  • Occupancy
    100%
  • Year Built
    2025
  • Lease Type
    NNN
  • Zoning
    Commercial
  • APN
    273-137-600-600-00
  • Gross Leasable Area
    3,716 SF
  • Available GLA
    3,716 SF
  • Acres
    0.20

Deal Team

Adam Malan profile image

Adam Malan

Vice Chair Vice Chair
Colliers
NV RE Lic. 0063542
Deana Marcello profile image

Deana Marcello

Executive Vice President Executive Vice President
Colliers
NV RE Lic. 174174

Description

Colliers is pleased to exclusively offer for sale a new construction single tenant net-leased Flower Child located within Mountain View Village – an ±85- acre mixed use destination that is part of a ±600-acre master development featuring additional residential, office, and retail, in the Salt Lake City, UT MSA.

The asset benefits from a 15-Year Lease with percentage rent, annual base rent and fixed CAM increases, including options, along with combined traffic counts in excess of ±50,943 VPD. Mountain View Village has been drawing people 25 miles south of downtown Salt Lake with its vast amount of must-visit shops and restaurants. Notable national co-tenants include Harmons, Cinemark, Sephora, Nike, Anthropologie, Athleta, Lululemon, PetSmart, Kona Grill, Brandy Melville, and more. The project is in Phase III of development with additional retail, office, medical, hotel, and a future Trax Line transit line extension. Upon completion, Mountain View Corridor is projected to carry ±165,000 VPD.

The asset is surrounded by affluence with nearby neighborhoods that are well known for being impressive in size and finishes, servicing ±208,410 residents with an annual household income of ±$161,022 within a 5-mile radius.

Documents

Offering Summary

  • Asking Price
    $4,905,000
  • Property Type
    Retail
  • Occupancy
    100%
  • Built
    2025

Sale Details

  • In-Place Cap Rate
    5.25%
  • In-Place NOI
    $257,556

Documents

Property Address

4422 W. Tree Sparrow Drive
Riverton, UT 84096

Property Details

  • Property Type
    Retail
  • Occupancy
    100%
  • Year Built
    2025
  • Lease Type
    NNN
  • Zoning
    Commercial
  • APN
    273-137-600-600-00
  • Gross Leasable Area
    3,716 SF
  • Available GLA
    3,716 SF
  • Acres
    0.20

Property Details

  • Property Type
    Retail
  • Occupancy
    100%
  • Year Built
    2025
  • Lease Type
    NNN
  • Zoning
    Commercial
  • APN
    273-137-600-600-00
  • Gross Leasable Area
    3,716 SF
  • Available GLA
    3,716 SF
  • Acres
    0.20

Deal Team

Adam Malan profile image

Adam Malan

Vice Chair Vice Chair
Colliers
NV RE Lic. 0063542
Deana Marcello profile image

Deana Marcello

Executive Vice President Executive Vice President
Colliers
NV RE Lic. 174174
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