11055 N Alpine Hwy | Highland, UT 84003
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11055 N Alpine Hwy
Highland, UT 84003
Highland Mains | Two Tenant Investment · Retail Property For Sale
Investment Highlights
- 100% occupied two-tenant retail building in Highland, UT: Burn Boot Camp & Treehouse Dental.
- Both Tenants have signed long term leases with multiple renewal options.
- The developer has plans to start a $45 million lifestyle retail center with spaces being delivered in Q3 2025.
- The population of Highland has increased by nearly 30% since 2010 and is projected to grow by another 7% in the next five years.
Executive Summary
We are pleased to present this rare opportunity to purchase 100% occupied two-tenant retail building in Highland, UT, boasting the highest income demographics in the state. This building is part of the Highland Mains Shopping Center, situated in the high-income area of Highland and Alpine in Utah Counties. Within Highland Mains, the developer has plans to start a $45 million lifestyle retail center with spaces being delivered in Q3 2025. The property is 100% occupied by two-tenants: Burn Boot Camp and Treehouse Dental. Both Tenants have signed long term leases with multiple renewal options. The property is easily accessible from I-15, located just off SR-92 (Timpanogos Highway) about 5.5 miles from exit 284. 5300 West connects the property to Alpine from the north and American Fork from the south. Highland is a relatively small community, but has grown significantly in recent years. The population of Highland has increased by nearly 30% since 2010 and is projected to grow by another 7% in the next five years, bringing the total population to over 20,000 people.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
7,327 SF
Building Class
B
Year Built
2008
Price
$3,085,667
Price Per SF
$421
Cap Rate
6%
NOI
$185,140
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
0.58 AC
PROPERTY TAXES
Parcel Number | 41-690-0005 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $1,741,100 |
PROPERTY TAXES
Parcel Number
41-690-0005
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,741,100
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