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Property Management
Property Management
Leasing & Property Management
sold!
Foreclosure
Property Management

Union Heights Retail Center

I

7650 Union Park Avenue Sandy, Utah

This Investment Offering provides the opportunity to acquire the Class-A UNION HEIGHTS RETAIL & ENTERTAINMENT CENTER in Salt Lake City, Utah. The 89,429 square foot center is anchored by Century Theatres, a first-tier entertainment group, and is presently 100% occupied.
Century Theatres’ tenancy is a ground lease, with the tenant having expended funds to build the 16-screen facility. The in-place rent of $7.50 psf, NNN is well below market rate at $20 psf, NNN. These two factors, coupled with the irreplace-able location and strong sales, ensures the theatre’s continued occupancy.

SQFT
89429

Property Management

3

Suites

Parking Spaces

89429

SQFT

schedule a tour today
SQFT
89429

Property Management

3

Suites

Parking Spaces

89429

SQFT

schedule a tour today
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Property Location

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Property Details

• Beautiful architectural design with a mix of stone, stucco, decorative awnings, clean tenant signage and mature landscaping

• Located in the highly desirable in-fill southeast community of Sandy, which has an average household income of $104,296

• Majority of tenants survived at the center during the recession and continue to thrive

• Meticulously-maintained asset includes a 699-space parking structure

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