172 Pleasant Grove Blvd - Restaurant FOR SALE


Pleasant Grove, UT 84062
$3,250,000 USD
801-548-3262
172 Pleasant Grove Blvd, Pleasant Grove, UT for Sale
$3,250,000 USD
Restaurant - FOR SALE
1/5
null | 6.29% Cap Rate

172 Pleasant Grove Blvd
Pleasant Grove, UT 84062


HIGHLIGHTS

  • 100% Occupied
  • 2 Drive-Thrus
  • High Demand Food & Beverage Area
  • 200 Apartment units under construction next door
  • Built in 2025, providing modern design and minimal capital expenditure needs.
  • Positioned adjacent to new multifamily development and near key highways.

OVERVIEW

REDUCED PRICE. Pleasant Grove Town Center presents a fully leased, two-tenant retail asset in a high-growth corridor of Pleasant Grove, Utah. The property is offered at $3,500,000 with a 5.8% cap rate and delivers a strong investment outlook anchored by two established tenants on new five-year leases with options. Featuring two drive-thru lanes, the building is positioned to meet the growing demand for convenience within a dense residential and expanding commercial trade area. Located along Pleasant Grove Boulevard with easy access to I-15, this property benefits from excellent visibility and connectivity to major regional arterials. The surrounding area is an established hub of retail, dining, and entertainment, complemented by significant new developments, including over 200 apartment units under construction nearby. Built in 2025, the building offers contemporary design and construction quality, ensuring minimal near-term maintenance requirements. This asset combines stable, long-term income with strategic positioning in Utah County’s dynamic market.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$843 USD /SF

CAP RATE

6.29%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Pleasant Grove Town Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,318 SF

ZONING

-

APN/PARCEL ID

49-579-0018

ASK ABOUT THIS PROPERTY

Marlon HillNAI ExcelMore Info
801-548-3262

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Marlon HillNAI ExcelMore Info
801-548-3262

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.