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Big Box Redevelopment Opportunity Big Box Redevelopment Opportunity ASKING PRICE +/-121,956 SF Retail Building on 10.24 Acres $5,500,000 West Jordan Town Center | 6748 South Redwood Road West Jordan, Utah 84084 PROPERTY SUMMARY REDEVELOPMENT OPPORTUNITY PROPERTY DESCRIPTION AERIALS PLANS & PHOTOS DEMOGRAPHICS MAPS MARKET DATA LEGAL DISCLAIMER FILES FOR DOWNLOAD CONTACTS Landmark Property & Development, LLC is proud to announce this exciting redevelopment opportunity with an asking price of $5,500,000. This retail location will close to the public on October 24th, 2020 and will be available for re-occupancy or redevelopment on or about PURCHASING GUIDELINES December 1, 2020. We invite you to review this information package and to make an offer on this property. A printed version of this package is available upon request. Big Box Redevelopment Opportunity ASKING PRICE +/-121,956 SF Retail Building on 10.24 Acres $5,500,000 West Jordan Town Center | 6748 South Redwood Road West Jordan, Utah 84084 PROPERTYPROPERTY SUMMARY SUMMARY PROPERTY SUMMARY PROPERTY DESCRIPTION 6748 South Redwood Road, West Jordan, Utah 84084 • Located at the NWQ of Redwood Rd and 7000 South, in • Outparcels - There are several retail pads within the larger AERIALS West Jordan, UT. West Jordan is the 2nd largest city in West Jordan Town Center development, however there are Utah and is located on the west side of Salt Lake County. no outparcels on the subject property. After multiple meetings The site is situated on the main retail corridor along with the City of West Jordan, the City may allow two additional PLANS & PHOTOS Redwood Rd. Other major retailers in the trade area pad sites on the subject property along Redwood Rd. include Walmart, Smith’s Grocery, Harmon’s Grocery, Regal Cinemas, T.J. Maxx, Ross, Lucky Market, Harbor • Exposure - Both the storefront and the pylon signs are Freight, Petco, and JoAnn Fabrics. The site fronts the visible from both north and south bound traffic along DEMOGRAPHICS southbound side of Redwood Rd. and is located 9.46 Redwood Rd. miles South West of Downtown Salt Lake City. MAPS • Traffic Counts on Redwood Rd are 44,731 ADT, and 25,317 ADT on 7000 South located at the south end of the adjacent shopping center. DEMOGRAPHICS (2019 ESTIMATE) MARKET DATA • Great access to the site with 2 full access curb cuts to the 5 MILE Target parking lot. The subject property is located 1.12 POPULATION 409,552 miles south of the I-215 interchange that has 113,132 LEGAL DISCLAIMER cars per day. MEDIAN HH INCOME $66,672 AVERAGE HH INCOME $83,183 • Good signage with two large pylon sign along Redwood FILES FOR DOWNLOAD Rd, and one large pylon sign along 7000 South, with the MEDIAN AGE 32.5 potential for additional signage in the adjacent shopping NUMBER OF HOUSEHOLDS 134,527 center. Great visibility from Redwood Rd. TOTAL DAYTIME 402,242 CONTACTS • Subject property is directly adjacent to West Jordan Town TOTAL EMPLOYEES 198,487 Center a 180,132 SF retail shopping center occupied by Lucky Market, Petco, Granite Furniture, Batteries Plus PURCHASING GUIDELINES For a more detailed demographics report, see the Files Bulbs, and several other small retailers and restaurants. for Download section. Big Box Redevelopment Opportunity ASKING PRICE +/-121,956 SF Retail Building on 10.24 Acres $5,500,000 West Jordan Town Center | 6748 South Redwood Road West Jordan, Utah 84084 PROPERTY SUMMARY PROPERTY DESCRIPTION All tours or investigations of the property must be pre-arranged with the broker. PROPERTYPROPERTY DESCRIPTIONDESCRIPTION The following information is included herein for informational TOPOGRAPHY / DRAINAGE reference purposes only and all building specifications shall The property sits at roughly the same grade at Redwood Rd. AERIALS be confirmed by Buyer at Buyer’s expense. and drains to the detention pond located on the south side of the building. Flat and regular, minimal slope. DESCRIPTION OF THE LAND LOCATION Located at the NWQ of Redwood Rd. and 7000 South, in SIGNAGE PLANS & PHOTOS West Jordan, UT. West Jordan is located in West Jordan, Two (2) pylon signs along Redwood Rd. with Target logo on which is located in Salt Lake County. The site fronts on the the top panel. The Northern pylon is shared with Petco and southbound side of Redwood Rd. and is located 9.46 miles DVD-Game Exchange on two lower panels. The Southern DEMOGRAPHICS southwest of Downtown Salt Lake City. pylon is shared with Massage Envy and Marco’s Pizza on two lower panels. Both pylons are approximately 35’ high LEGAL DESCRIPTION and very visible from Redwood Rd. There is one additional LOT 7, WEST JORDAN TOWN CENTER. MAPS Pylon sign along 7000 South with Target in a lower position (Parcel Number – 21223270090000) with Lucky Market in the top position and Del Taco occupying a small lower panel adjacent to Target. The third pylon is LEGAL OWNER / SELLER roughly 35’ tall and has great visibility to 7000 South. MARKET DATA Dayton Hudson Corporation (“Target”) ACCESS AVAILABILITY Two (2) curb cuts to the Target parking lot immediately east of LEGAL DISCLAIMER December 1, 2020 the site at full turn access points along Redwood Rd. SIZE PARKING The subject site contains approximately 121,956 SF of Asphalt paved parking lot. Initially site approved for FILES FOR DOWNLOAD building on 10.24 acres. approximately 534 parking spaces in the front field. Buyer to verify parking counts and ratio. CONFIGURATION/DIMENSIONS CONTACTS Irregular in shape, basically 393’ wide by 308’ deep fronting ZONING ANALYSIS Redwood Rd. Subject property is zoned SC-2 (which allows for a variety of uses including retail and food service.) AGE PURCHASING GUIDELINES Built in 1998. Big Box Redevelopment Opportunity ASKING PRICE +/-121,956 SF Retail Building on 10.24 Acres $5,500,000 West Jordan Town Center | 6748 South Redwood Road West Jordan, Utah 84084 PROPERTY SUMMARY PROPERTY DESCRIPTION EASEMENTS/ENCUMBRANCES EXTERIOR WALLS/WINDOWS PROPERTY DESCRIPTION The subject property features standard easements (Servitudes The exterior of the building is commercial concrete block in Utah) associated with drainage, access to the retention pond, construction CMU covered with EFIS. The stores features one utilities, access etc. primary entrance on the southern end facing east toward Redwood AERIALS Rd. UTILITIES Utilities to the property include water, sewer, electricity and ROOF/DRAINAGE PLANS & PHOTOS natural gas. Total 2019 utility costs were approximately $92,000. Roof Installed 2016 (only 3 years old), (Make) Sika, (Model) 60 mil Sikaplan CAM A Common Area Maintenance Agreement (see files for DIMENSIONS OF SPACE DEMOGRAPHICS download) governs maintenance of the shopping center. The Approximately 393’ wide by 308’ deep share of the 2020 CAM budget allocated to the Property is approximately $94,000. MAPS LOADING DOCKS TAXES: TAX YEAR 2019 The building features a three-bay, dock-high loading dock. MARKET DATA ASSESSED VALUE $10,657,200 AD VALOREM TAX PAID $129,655.00 EQUIPMENT AND MECHANICAL SYSTEMS LEGAL DISCLAIMER DESCRIPTION OF IMPROVEMENTS HVAC, ELECTRICAL AND PLUMBING HVAC - 20 units, totalling 146 tons, approximately 22 years old. EXTERIOR DESCRIPTION The units are manufactured by AAON. All were installed in 1998, FILES FOR DOWNLOAD with minimal work orders over the past 3 years. SIZE/DESIGN CONTACTS The building contains an estimated gross building area of approximately 121,956 SF. The building is generally rectangular in configuration. The center depth of the store is approximately 308’ with approximately 393’ of store frontage. PURCHASING GUIDELINES The building features a three-bay, dock-high loading dock. Big Box Redevelopment Opportunity ASKING PRICE +/-121,956 SF Retail Building on 10.24 Acres $5,500,000 West Jordan Town Center | 6748 South Redwood Road West Jordan, Utah 84084 PROPERTY SUMMARY AERIAL PROPERTY DESCRIPTION AERIALS PLANS & PHOTOS DEMOGRAPHICS MAPS MARKET DATA LEGAL DISCLAIMER FILES FOR DOWNLOAD CONTACTS PURCHASING GUIDELINES Big Box Redevelopment Opportunity ASKING PRICE +/-121,956 SF Retail Building on 10.24 Acres $5,500,000 West Jordan Town Center | 6748 South Redwood Road West Jordan, Utah 84084 PROPERTY SUMMARY CLOSE UP AERIAL PROPERTY DESCRIPTION AERIALS PLANS & PHOTOS DEMOGRAPHICS MAPS MARKET DATA LEGAL DISCLAIMER FILES FOR DOWNLOAD CONTACTS PURCHASING GUIDELINES Big Box Redevelopment Opportunity ASKING PRICE +/-121,956 SF Retail Building on 10.24 Acres $5,500,000 West Jordan Town Center | 6748 South Redwood Road West Jordan, Utah 84084 PROPERTY SUMMARY BUILDING PHOTOS PROPERTY DESCRIPTION AERIALS BLDG PHOTOS PLANS & PHOTOS ALTA SURVEY SITE PLAN FLOOR PLAN DEMOGRAPHICS MAPS MARKET DATA LEGAL DISCLAIMER FILES FOR DOWNLOAD CONTACTS PURCHASING GUIDELINES Big Box Redevelopment Opportunity ASKING PRICE +/-121,956 SF Retail Building on 10.24 Acres $5,500,000 West Jordan Town Center | 6748 South Redwood Road West Jordan, Utah 84084 PROPERTY SUMMARY BUILDING PHOTOS PROPERTY DESCRIPTION Redwood Rd Redwood Rd 7000 South AERIALS BLDG PHOTOS PLANS & PHOTOS ALTA SURVEY SITE PLAN FLOOR PLAN DEMOGRAPHICS MAPS MARKET DATA LEGAL DISCLAIMER FILES FOR DOWNLOAD CONTACTS PURCHASING GUIDELINES Big Box Redevelopment Opportunity ASKING PRICE +/-121,956 SF Retail Building on 10.24 Acres $5,500,000 West Jordan Town Center | 6748 South Redwood Road West Jordan, Utah 84084 PROPERTY SUMMARY BUILDING PHOTOS PROPERTY DESCRIPTION AERIALS BLDG PHOTOS PLANS & PHOTOS ALTA SURVEY SITE PLAN FLOOR PLAN DEMOGRAPHICS MAPS MARKET DATA LEGAL DISCLAIMER FILES FOR DOWNLOAD CONTACTS PURCHASING GUIDELINES Big Box Redevelopment Opportunity ASKING PRICE +/-121,956
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