702 S Main St - Retail FOR SALE


Moab, UT 84532 | 
$9,870,000 USD
801-578-5534
702 S Main St, Moab, UT for Sale
$9,870,000 USD
Retail - FOR SALE
1/7
null | 6.75% Cap Rate

702 S Main St
Moab, UT 84532


HIGHLIGHTS

  • 100% occupied across eight suites, with no vacancy, on Moab’s primary commercial corridor.
  • Grocery-anchored by The Village Market, a full-service independent grocer in occupancy since 2005 across 44% of the property.
  • Federal-government tenancy from the U.S. Department of Veterans Affairs on a lease running through September 2036 with 2% annual increases.
  • Four of eight tenants have held space at the center for more than a decade, three of them for two decades or more.
  • In-place base rent averages $14.40 per square foot against a most recent lease struck at $24.00 NNN.
  • Roughly 39% of income expires across 2027 and 2028 if renewal options are not exercised.

OVERVIEW

There are very few retail properties in Utah that offer the combination of essential daily-needs retail, long-term tenancy, and exposure to one of the most recognized tourism destinations in the American West. We are proud to present the Kane Creek Shopping Center in Moab as one of them. Located along South Main Street, the property is anchored by The Village Market, a full-service grocery store serving Moab residents while also benefiting from the tremendous volume of visitors traveling through the market. The center is further supported by the revamped VA location, Subway and Family Dollar — a complementary mix of established, long-term businesses, creating a diversified tenancy profile and multiple sources of recurring traffic. The investment story begins with location and scarcity. Moab is not simply another small Utah community—it is the gateway to Arches and Canyonlands National Parks and one of the most internationally recognized outdoor recreation destinations in the country. That tourism engine creates an unusual retail environment. Moab’s commercial properties serve two customers simultaneously: a permanent local population and a substantial visitor population. Grocery, food, convenience and service-oriented businesses benefit from this combination because they fulfill needs that exist regardless of whether someone is a Moab resident, a seasonal worker, or a visitor stocking up before heading into the parks. For an investor seeking Utah real estate with a compelling combination of irreplaceable location, limited future supply, diversified tenancy and exposure to one of the state’s premier tourism destinations, this property represents a rare opportunity to own an established piece of Moab’s commercial infrastructure.

FOR SALE DETAILS

PRICE

$9,870,000 USD

PRICE/SF

$225 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kane Creek Shopping Center Investment

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

92

LAND DETAILS

LAND ACRES

2.59 AC

LAND SF

112,820 SF

ZONING

C-4

APN/PARCEL ID

01-0MMV-0118

ASK ABOUT THIS PROPERTY

Bryce BlanchardNewmarkMore Info
801-578-5534

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Bryce BlanchardNewmarkMore Info
801-578-5534

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