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Riverdale Shopping Center 4189-4297 Riverdale Road 93,592 SF 100% Leased Retail Building Riverdale, UT 84405 $32,986,159 CAD ($352.45 CAD/SF) 6.80% Cap Rate
INVESTMENT HIGHLIGHTS
- Stable, E-Commerce-Resistant Tenant Mix
- High-Growth, Supply-Constrained Market
- Prime Location with Strong Demographics
EXECUTIVE SUMMARY
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Riverdale Shopping Center (“Riverdale” or the “Property”) – a 93,592-sf community shopping center located in Riverdale, Utah. The Property is shadow-anchored by JCPenney, drawing significant foot-traffic.
Built in 2007, The Property is fully occupied to a mix of global, national, and regional tenants and features 3.65 years of Weighted Average Lease Term (WALT), ensuring steady cash flow for years to come.
This is the premier retail investment opportunity for investors with a long-term investment horizon and conviction in the Utah retail market.
Built in 2007, The Property is fully occupied to a mix of global, national, and regional tenants and features 3.65 years of Weighted Average Lease Term (WALT), ensuring steady cash flow for years to come.
This is the premier retail investment opportunity for investors with a long-term investment horizon and conviction in the Utah retail market.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
93,592 SF
Year Built
2007
Price
$32,986,159 CAD
Price Per SF
$352.45 CAD
Cap Rate
6.80%
NOI
$2,243,059 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
1.00
Lot Size
2.15 AC
Zoning
Retail/Commercial Park - Retail/Commercial Park Overlay Zone (RCP)
Parking
509 Spaces (5.44 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 06-305-0006 | Improvements Assessment | $2,828,021 CAD |
| Land Assessment | $1,465,460 CAD | Total Assessment | $4,293,481 CAD |
PROPERTY TAXES
Parcel Number
06-305-0006
Land Assessment
$1,465,460 CAD
Improvements Assessment
$2,828,021 CAD
Total Assessment
$4,293,481 CAD
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Riverdale Shopping Center | 4189-4297 Riverdale Road
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