• Broker Nate Monson 9257657437
  • Broker Brandon Goodman (801) 828-0349
  • Broker Sage Shepard 8016664273
  • Broker Abby Beutler 8018991932

971-1221 S University Ave 171,121 SF 96% Leased Retail Building Provo, UT 84601 $38,063,575 CAD ($222.44 CAD/SF) 7.51% Cap Rate

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EXECUTIVE SUMMARY

Prime Retail Investment – 171,121 SF shopping center in Provo, UT, 95.86% leased with national tenants.
High Visibility & Foot Traffic – Located off I-15 with 127,000 AADT, near BYU, UVU, and Provo Towne Centre redevelopment.
Major Anchors & Growth Potential – Staples, Les Schwab, Harbor Freight, and Sam’s Club; positioned in a federally designated Opportunity Zone.
Booming Market & Infrastructure – Near Provo Airport’s $75M expansion and $20M sports complex, drawing 89,000+ visitors annually.
Attractive Investment Metrics – $27.5M price, 7.51% cap rate, $2.07M NOI, with recent roof and HVAC upgrades.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
171,121 SF
Building Class
B
Year Built/Renovated
1990/2017
Price
$38,063,575 CAD
Price Per SF
$222.44 CAD
Cap Rate
7.51%
NOI
$2,859,491 CAD
Percent Leased
96%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
8 Exterior
Building FAR
0.27
Lot Size
14.31 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
SC3
Parking
382 Spaces (2.23 Spaces per 1,000 SF Leased)

AMENITIES

  • Dedicated Turn Lane
  • Freeway Visibility
  • Pylon Sign
  • Signalized Intersection

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Harbor Freight
  • Retailer
  • 99,999 SF
  • -
  • -
  • Reams Boots and Jeans
  • Retailer
  • 99,999 SF
  • -
  • -
  • Ross Dress for Less
  • Retailer
  • 99,999 SF
  • -
  • -
  • Starbucks
  • Accommodation and Food Services
  • 99,999 SF
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Harbor Freight Retailer 99,999 SF - -
Reams Boots and Jeans Retailer 99,999 SF - -
Ross Dress for Less Retailer 99,999 SF - -
Starbucks Accommodation and Food Services 99,999 SF - -

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 7,079 SF
  • Retail
  • -
  • Now
971-1221 S University Ave, Provo, UT for sale Building Photo- Image 1 of 1
Building Photo
Space Size Space Use Position Available
1st Floor 7,079 SF Retail - Now

1st Floor

Size
7,079 SF
Space Use
Retail
Position
-
Available
Now

TRAFFIC

COLLECTION STREET CROSS STREET TRAFFIC VOLUME YEAR Distance
S University Ave W 1100 S, S 28,002 2022 0.19 km
E 920 S E 900 S, NE 9,426 2022 0.24 km
S 250 E E 900 S, N 2,280 2022 0.24 km
E 900 S S 100 E, W 7,312 2022 0.25 km
South University Avenue E 900 South St, S 33,930 2022 0.34 km
W 1200 S S University Ave, E 6,808 2022 0.34 km
S 350 E E 1130 S, S 4,512 2022 0.36 km
W 920 S S 200 W, W 9,998 2022 0.36 km
E 900 S S 250 E, W 3,818 2022 0.39 km
South University Avenue W 1200 South St, N 34,838 2022 0.44 km

NEARBY MAJOR RETAILERS

Starbucks
Chuck-A-Rama Buffet
Freddy's
Village Inn
Chase Bank
Sizzler
WW
Cafe Rio
Red Robin Gourmet Burgers
Wingers Restaurant & Alehouse

PROPERTY TAXES

Parcel Numbers 38-360-0001, 38-163-0030, 38-163-0035 Improvements Assessment $0 CAD
Land Assessment $0 CAD Total Assessment $6,019,028 CAD

MAP

ADDITIONAL PHOTOS

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