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Spanish Fork Leasing Presentation Expressway Plaza - Spanish Fork, Utah County, Utah Key Facts • Explosive population growth in Spanish Fork and Utah County • Property is at the front door of the 240-acre Canyon Creek Commercial Center. • On busy US-6 less than a half-mile from Interstate 15 interchange. • Large site with multiple expansion opportunities. Spanish Fork - Utah Location Spanish Fork • Spanish Fork is located in Utah County, Utah. • Located at the intersection of Interstate 15 and US-6. TLM Site • 9 miles south of Provo, home of BYU. • 50 miles south of Salt Lake City. TLM Site Spanish Fork - Utah Location Spanish Fork • Commercial Development for Spanish Fork is concentrated I-15 at north end of City, along US-6 near Interstate 15. TLM Site • Expressway Plaza is located on US-6 at Expressway Lane. US-6 • Traffic count on US-6 in front Downtown of shopping center is 26,000 Spanish Fork vehicles per day. • Interstate 15 volume at US-6 interchange is 80,000 VPD. Spanish Fork - Utah Explosive Growth in Recent Years Population Growth* Annual Population Growth • Utah County was among the 3.50% top 100 fastest growing 3.16% 3.00% counties in the US from 2010- 2014. 2.50% 2.28% 2.02% • 1.87% In the past four years. Growth 2.00% 1.80% 1.75% 1.67% 1.64% 1.48% in Spanish Fork has outpaced 1.42% 1.37% 1.38% 1.50% the US average growth rate 1.00% 0.77% 0.77% 0.76% 0.75% by more than 300%. 0.50% • Even in fast-growing Utah, 0.00% Spanish Fork and Utah 2011 2012 2013 2014 County are growing 33% U.S. Utah Utah County, UT Spanish Fork, UT faster than the state average. *Data from US Census and Mountainland Association of Governments Spanish Fork - Utah Explosive Growth in the Future Population Growth* Population Growth Projections - 2020 to 2040 • Utah County’s population is 35.00% 32.46% projected to grow by 60% 30.00% 27.72% between 2010 and 2030, 25.00% 22.41% adding 313,800 residents, 20.99% 21.33% 19.33% 20.00% more than any other Utah 15.00% county. • Spanish Fork’s population is 10.00% 8.13% 7.44% 5.79% expected to more than 5.00% double between 2010 and 0.00% 2020 2030 2040 2050, adding 37,300 new United States Utah County, UT Spanish Fork, UT residents. *Data from US Census and Mountainland Association of Governments Spanish Fork - Utah Commercial Activity Commercial Activity in Spanish Fork • Walmart opened directly behind property in March 2015. • Costco opened across US-6 in TLM Site October 2012 • Good Earth Natural Foods, Chick-fil-A, Five Guys, and others are currently under construction. Spanish Fork - Utah Canyon Creek Commercial Center Canyon Creek Commercial Center • Regional shopping center destination currently under construction. • 240 Acre development includes health care, retail, cinema, and office uses. • Anchored by Intermountain Health Care, Walmart, and Costco. • Developed by Woodbury TLM Site Corporation. Spanish Fork - Utah Expansion Opportunities Site Opportunities • Currently a BigK Kmart Store. • Already developed site is Expansion approved for commercial use and Expansion Opportunity can be repurposed and redeveloped in a timely and cost- Opportunity TLM Site effective manner as compared to greenfield development. • Numerous Expansion Opportunities. Spanish Fork - Utah Demographics Demographics (Census: ACS 2013) • Population • 3 Mile: 45,623 • 5 Mile: 76,664 • 7 Mile: 97,881 • Average Household Income TLM Site • 3 Mile: $71,363 • 5 Mile: $73,884 • 7 Mile: $73,064 • Households • 3 Mile: 12,334 • 5 Mile: 21,236 • 7 Mile: 27,365 Spanish Fork - Utah Site Plan Spanish Fork - Utah Property Survey Spanish Fork - Utah.
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