3215 E 3300 S - Freestanding FOR SALE


Salt Lake City, UT 84109- Canyon Rim
$6,500,000 USD
702-592-7187
3215 E 3300 S, Salt Lake City, UT for Sale
$6,500,000 USD
Freestanding - FOR SALE
1/25
null | 5.25% Cap Rate

3215 E 3300 S
Salt Lake City, UT 84109
Canyon Rim


HIGHLIGHTS

  • INSTITUTIONAL-QUALITY EAST BENCH INFILL RETAIL - Newer-construction two-tenant pad positioned along the highly desirable East Bench corridor
  • 100% OCCUPIED BY UTAH-BASED FAST CASUAL CONCEPTS - Café Rio and Café Zupas provide recognizable regional tenancy with strong Utah consumer familiarity
  • NNN LEASE STRUCTURE - Tenants reimburse taxes, insurance, and common area expense
  • HARD CORNER / SIGNALIZED VISIBILITY - Located at a high-visibility retail node along 3300 South with immediate access to dense surrounding rooftops
  • DOMINANT CANYON RIM RETAIL ECOSYSTEM - Positioned in front of a dominant neighborhood shopping center with strong co-tenancy
  • OUTDOOR PATIO FOOD-AND-BEVERAGE DRAW - Both tenants benefit from outdoor seating areas, reinforcing the lifestyle / food-service nature of the asset

OVERVIEW

CAST Capital Partners and Newmark Mountain West are pleased to present Canyon Rim Shopping Center, a premier institutional-quality retail investment located at 3215 East 3300 South in the heart of Salt Lake City's highly sought-after East Bench submarket. The offering consists of a 7,700-square-foot, newer construction retail building that is 100% occupied by two of Utah's most recognizable fast-casual restaurant brands—Café Rio and Café Zupas. Both tenants operate under NNN lease structures, providing investors with stable cash flow while minimizing landlord responsibilities. The property is offered at $6,500,000, representing a 5.25% cap rate on current NOI. Strategically positioned on a signalized hard corner along East 3300 South, the property benefits from exceptional visibility, strong traffic counts, and immediate access to one of Salt Lake City's most affluent residential trade areas. The asset sits directly in front of the dominant Canyon Rim Shopping Center, creating a powerful retail ecosystem alongside national and regional retailers including Savers, PetSmart, Five Guys, Beans & Brews, Wendy's, 7-Eleven, and Smith's. Built in 2018, the property features modern construction, attractive architecture, dedicated outdoor dining patios, and long-term tenancy from established regional operators with scheduled rental increases throughout the lease terms. The affluent surrounding demographics further strengthen the investment, with average household incomes exceeding $170,000 within one mile of the property. Opportunities to acquire newer construction retail pad investments in Salt Lake City's East Bench are exceptionally limited due to high barriers to entry and constrained future development. Canyon Rim Shopping Center offers investors a rare opportunity to acquire a stabilized, high-quality retail asset with durable tenancy, contractual rent growth, and long-term value in one of Utah's most desirable infill locations.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$844 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

C2

APN/PARCEL ID

16-26-407-008-0000

ASK ABOUT THIS PROPERTY

Steve NeigerCAST CAPITAL PARTNERSMore Info
702-592-7187

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Steve NeigerCAST CAPITAL PARTNERSMore Info
702-592-7187

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