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Executive Summary

Property Information
• Fully leased three tenant building
• Tenants: Zeppes, Taava Italian Pizza, Middle Tenant TBA
• Excellent Investment Opportunity
• Between 2 signalized corners
• Great exposure to State Road traffic
• Average daily traffic: 29,500 vehicles per day
• Nearby co-tenants:

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
5,000 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$5,302,577 CAD
Price Per SF
$1,060.52 CAD
Cap Rate
6.50%
NOI
$344,667 CAD
Percent Leased
70%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
1.00 AC
Zoning
C-2 - Retail and Professional Office, Medical
Parking
45 Spaces (5.63 Spaces per 1,000 SF Leased)
Frontage
98’ on West State Street

Amenities

  • Restaurant
  • Drive Thru

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 1,500 SF
  • Retail
  • In-Line
  • May 2026

Under Construction: Available May 2026 • Middle Retail Space Available 1,500 SF • Between Zeppes and Taava Italian Pizza • Between 2 signalized corners • Great exposure to State Road traffic • Average daily traffic: 29,500 vehicles per day • New midblock State Street access • Newly widened State Street road

Space Size Space Use Position Available
1st Floor 1,500 SF Retail In-Line May 2026

1st Floor

Size
1,500 SF
Space Use
Retail
Position
In-Line
Available
May 2026

1st Floor

Size 1,500 SF
Space Use Retail
Position In-Line
Available May 2026

Under Construction: Available May 2026 • Middle Retail Space Available 1,500 SF • Between Zeppes and Taava Italian Pizza • Between 2 signalized corners • Great exposure to State Road traffic • Average daily traffic: 29,500 vehicles per day • New midblock State Street access • Newly widened State Street road

Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100

Nearby Major Retailers

CrossFit
Premier Martial Arts
Diamond Event & Tent
Everbowl
Mo’Bettahs
Starbucks
Beans & Brews Coffee House
Walmart Neighborhood Market
America First Credit Union
Burn Boot Camp

Property Taxes

Property Taxes

Parcel Number
47-413-0303
Land Assessment
$770,539 CAD
Improvements Assessment
$0 CAD
Total Assessment
$770,539 CAD
  • Listing ID: 40134238

  • Date on Market: 2026-04-13

  • Last Updated:

  • Address: 1563 State St, Pleasant Grove, UT 84062

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