540 E 1700 S - Freestanding FOR SALE


Clearfield, UT 84015
$5,200,000 USD
801-614-0044
540 E 1700 S, Clearfield, UT for Sale
$5,200,000 USD
Freestanding - FOR SALE
1/8
null | Request Cap Rate

540 E 1700 S
Clearfield, UT 84015


HIGHLIGHTS

  • 100% leased 28,489 SF neighborhood center on 2.62 acres with 17 tenants and no single-tenant concentration risk
  • Hard corner with 375 feet of frontage on Antelope Drive, a four-lane arterial carrying 44,000 vehicles per day
  • Value-add: Rate increase opportunity with leases permitting utility and CAM recovery, billing began late 2025 and is not yet at full capture
  • 101,688 residents and $103,091 median household income within three miles; 201,838 residents within five miles
  • One mile to I-15 Exit 332, 0.4 miles to the Clearfield FrontRunner station, and 2.4 miles to Hill Air Force Base

OVERVIEW

Stone Creek Retail is a 100% leased, 28,489-square-foot multi-tenant neighborhood retail center situated on 2.62 acres at the southwest corner of Antelope Drive (1700 South) and 575 East in Clearfield, Utah. The property consists of four freestanding single-story masonry buildings constructed in phases between 2003 and 2007, demised into retail suites plus a freestanding quick-lube building with drive-thru service bays. The offering includes 490, 510, 540 and 570 East 1700 South, all on a single parcel under one ownership. As of the September 2026 rent roll the center is fully occupied by 17 tenants across a diversified local mix including automotive service, fitness and martial arts, salon and beauty services, food and specialty retail, pet supply, and contractor showroom users. No single tenant accounts for a disproportionate share of income. Leases are structured on a Modified Gross basis at competitive rates with room for growth. Collections have run at 97% of billings through 2026 with no material bad debt. Site improvements include 109 surface parking stalls at a ratio of 3.83 per 1,000 square feet, asphalt paving, concrete sidewalks and curbing, pole-mounted lighting, and sprinklered landscaping. Each building has separate utility meters and each tenant has building signage, with a monument pylon sign fronting Antelope Drive. Buildings feature 14-foot clear heights, flat sealed membrane roofs, forced-air heating with central air conditioning, and six roll-up doors. Antelope Drive is the primary east-west arterial serving Clearfield, Layton, Syracuse, and West Point, carrying 44,000 vehicles per day, with interchange access to Interstate 15 approximately one mile east and SR-177 3.3 miles west. The Clearfield FrontRunner commuter rail station is 0.4 miles northeast, Hill Air Force Base is 2.4 miles north, and the Freeport Center industrial park adjoins the property to the west. The trade area contains 101,688 residents with a median household income of $103,091 within a three-mile radius, growing to 201,838 residents within five miles, with population projected to add nearly 10,000 people over the next five years. The property is zoned C-2 General Commercial by the City of Clearfield and is a legal conforming use.

FOR SALE DETAILS

PRICE

$5,200,000 USD

PRICE/SF

$521 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stone Creek Retail Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

109

LAND DETAILS

LAND ACRES

2.62 AC

LAND SF

114,127 SF

ZONING

C-2

APN/PARCEL ID

12-074-0032

ASK ABOUT THIS PROPERTY

Bill DewaalRE/MAX Metro CommercialMore Info
801-614-0044

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Bill DewaalRE/MAX Metro CommercialMore Info
801-614-0044

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