SEC Crossroads Blvd. & Redwood Rd. - Retail FOR SALE


Saratoga Springs, UT 84045
$31,880,000 USD
801-828-0349
SEC Crossroads Blvd. & Redwood Rd., Saratoga Springs, UT for Sale
$31,880,000 USD
Retail - FOR SALE
1/16

SEC Crossroads Blvd. & Redwood Rd.
Saratoga Springs, UT 84045


HIGHLIGHTS

  • Top-Performing Anchor: VASA Fitness occupies nearly 59% of the GLA and ranks #2 out of 58 locations, secured under a long-term lease through 2037.
  • High-Growth Market: 28.8% projected population growth within 3 miles by 2029.
  • Stabilized Asset: 98.81% leased with under-market rents and minimal rollover.

OVERVIEW

Saratoga Crossroads is a 100,897 SF shopping center located at the high-traffic intersection of Redwood Rd. and Crossroads Blvd. in Saratoga Springs, UT—one of the fastest-growing cities in the U.S. Anchored by a top-performing VASA Fitness (#2 out of 58 locations), the center is 98.81% leased with national and regional tenants including Big Blue Swim School, Little Caesars, Cold Stone, and Betos. The property benefits from recent lease activity, long-term tenancy (50%+ of shop tenants 10+ years), and adjacency to a new 40-acre Intermountain Health campus. Offered at $31.88M with a 6.80% cap rate, the asset features a WALT of 8.81 years, below-market rents ($21.94/SF), and limited rollover (under 13%) over the next decade.

FOR SALE DETAILS

PRICE

$31,880,000 USD

CAP RATE

6.8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Saratoga Crossroads

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

11.63 AC

LAND SF

506,603 SF

ZONING

-

APN/PARCEL ID

66-026-0009

ASK ABOUT THIS PROPERTY

Brandon GoodmanColliersMore Info
801-828-0349

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Brandon GoodmanColliersMore Info
801-828-0349

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