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450 North County Blvd
Pleasant Grove, UT 84062
7.00% Cap NNN Brand New Retail · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Hard corner intersection and new road for smooth access onto North County Blvd
- Immediate access to I-15
- High demand need for food, health, and family-friendly related businesses
- Notable surrounding corporate office and retail tenants
- Center of an affluent demographic
EXECUTIVE SUMMARY
Prime Retail Investment in the Heart of Pleasant Grove
Alexis Retail Plaza – Building 1 offers investors a fully leased, high-performing retail asset along bustling North County Blvd. Anchored by strong national and regional tenants including Parlor Doughnuts, Oteo, and Flow Haus, this 7,481 SF building features a drive-thru unit, long-term leases with annual 3% rent bumps, and an attractive 7.00% cap rate. Located at a high-traffic intersection with 14,664 ADT, immediate I-15 access, and surrounded by affluent demographics and top-tier schools, this is a rare opportunity to acquire a stabilized asset with built-in growth in one of Utah’s fastest-growing corridors.
Alexis Retail Plaza – Building 1 offers investors a fully leased, high-performing retail asset along bustling North County Blvd. Anchored by strong national and regional tenants including Parlor Doughnuts, Oteo, and Flow Haus, this 7,481 SF building features a drive-thru unit, long-term leases with annual 3% rent bumps, and an attractive 7.00% cap rate. Located at a high-traffic intersection with 14,664 ADT, immediate I-15 access, and surrounded by affluent demographics and top-tier schools, this is a rare opportunity to acquire a stabilized asset with built-in growth in one of Utah’s fastest-growing corridors.
PROPERTY FACTS In Escrow
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,481 SF
Building Class
B
Year Built
2025
Price
$5,920,630 CAD
Price Per SF
$791.42 CAD
Cap Rate
7%
NOI
$414,444 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
0.84 AC
PROPERTY TAXES
| Parcel Number | 34-751-0002 | Improvements Assessment | $622,110 CAD |
| Land Assessment | $1,029,728 CAD | Total Assessment | $1,651,838 CAD |
PROPERTY TAXES
Parcel Number
34-751-0002
Land Assessment
$1,029,728 CAD
Improvements Assessment
$622,110 CAD
Total Assessment
$1,651,838 CAD
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