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Retail Investment Sale 428 W 2310 N 4,737 SF 100% Leased Retail Building Provo, UT 84604 $4,942,587 CAD ($1,043.40 CAD/SF) 5.75% Cap Rate



Investment Highlights
- 4,737 SF
- Two Tenant Retail Building
- Adjacent to Over 400 New Class A Rental Units
- NNN Investment Property
- 100% Occupied
- Located Between BYU & UVU (~84,000 Students)
Executive Summary
Anderson CRG is pleased to present the exclusive listing of a 100% occupied, two-tenant NNN retail building located at 428 W 2310 N in Provo, UT. Situated within the River's Edge on University shopping center, this turnkey investment opportunity offers investors immediate, passive income with minimal management responsibilities, as tenants are responsible for taxes, insurance, and maintenance under triple-net lease structures.
The property features a diverse and complementary mix of tenants — Mountain West Pilates, a fitness and wellness operator catering to Provo's health-conscious and predominantly young demographic; and Mr. Dumpling, a popular Asian fast-casual dining destination with a dedicated local following. The two-tenant configuration diversifies income across use types — fitness, and dining — reducing single-tenant dependency while serving broad consumer demand throughout the day.
River's Edge on University benefits from excellent access and visibility from University Parkway, with proximity to a dense surrounding residential and commercial base that drives reliable consumer traffic to the center.
This offering represents an attractive opportunity to acquire a fully stabilized, multi-tenant NNN retail asset in one of Utah County's most sought-after retail nodes, with a well-diversified tenant mix and passive income from day one.
Inquire for more info. Tenant info and rent roll included in offering memorandum (OM).
The property features a diverse and complementary mix of tenants — Mountain West Pilates, a fitness and wellness operator catering to Provo's health-conscious and predominantly young demographic; and Mr. Dumpling, a popular Asian fast-casual dining destination with a dedicated local following. The two-tenant configuration diversifies income across use types — fitness, and dining — reducing single-tenant dependency while serving broad consumer demand throughout the day.
River's Edge on University benefits from excellent access and visibility from University Parkway, with proximity to a dense surrounding residential and commercial base that drives reliable consumer traffic to the center.
This offering represents an attractive opportunity to acquire a fully stabilized, multi-tenant NNN retail asset in one of Utah County's most sought-after retail nodes, with a well-diversified tenant mix and passive income from day one.
Inquire for more info. Tenant info and rent roll included in offering memorandum (OM).
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
4,737 SF
Building Class
C
Year Built
2023
Price
$4,942,587 CAD
Price Per SF
$1,043.40 CAD
Cap Rate
5.75%
NOI
$284,199 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
0.76 AC
Zoning
SC3 - Regional Shopping Center - https://provo.municipal.codes/Code/14.20
Parking
25 Spaces (5.28 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Restaurant
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 51-733-0011 | Improvements Assessment | $1,173,039 CAD |
| Land Assessment | $1,371,789 CAD | Total Assessment | $2,544,828 CAD |
Property Taxes
Parcel Number
51-733-0011
Land Assessment
$1,371,789 CAD
Improvements Assessment
$1,173,039 CAD
Total Assessment
$2,544,828 CAD
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Retail Investment Sale | 428 W 2310 N
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