Castle Rock Square Grocery Anchored Center Strip Utah

Sands Investment Group is Pleased to Present Exclusively For Sale the 101,191 SF Grocery Anchored Center Located at 1191 E Main Street in Price, Utah. This is a Great Opportunity For Potential Investors to Acquire a Grocery-Anchored Shopping Center, Backed By Kroger, in a Populated Area.

• Great Opportunity For Potential Investors to Acquire a Grocery-Anchored Shopping Center, Backed By Kroger, in the Growing Market of Price, Utah
• Smith’s Grocery Reported Sales of $27,724,757 in 2019, Equating to Just Over $600/SF With a Rent to Sales Ratio of 0.472%
• Additionally, Castle Rock Square is Anchored By Several Other Credit Worthy Tenants Including: AutoZone, Cold Stone Creamery and Verizon Wireless
• Long Term Tenancy With an Average of Over 17 Years at the Property, Demonstrating Commitment to the Site
• Due to the Several Short-Term Leases With Non-Credit Tenants at Below Market Rent ($7.27/SF), There is Significant Upside to Backfill the Spaces With Higher-Credit Tenants at Higher Market Rent of $11+/SF
• Property Sits Just 2.4-Miles West of Carbon County Regional Airport
• Over 17,700 Vehicles Per Day on E Main Street, Having Direct Access to Highway 191, Which Provides the Main Access Between the Salt Lake City Area and Arches National Park, Canyonlands National Park and Moab, UT
• This City is Home to Utah State University Eastern Campus, With Castle Rock Square Being 0.8-Miles Away From the College
• Castle Rock Square is Less Than One Hour From the Salt Lake City-Provo-Ogden CSA, Which Has a Population of Over 2.6 Million People and Growing Exponentially
• Nearby Tenants Include: Arby’s, McDonald’s, Taco Bell, Starbucks, Walmart Supercenter, Subway, Dollar General, Wells Fargo, Burger King and More

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