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172 S PLEASANT GROVE BLVD, Pleasant Grove, UT 84062
$3,250,000
172 S PLEASANT GROVE BLVD, Pleasant Grove, UT 84062
Subtype
Retail
Building SF
3,857
$/SF
$843
Lot
0.67 ac
Property Details
Description
Pleasant Grove Town Center presents a rare opportunity to own a newly constructed, Class A retail asset in one of northern Utah County's fastest-growing commercial corridors. Located at 172 S. Pleasant Grove Blvd., this 3,857-square-foot building features two fully leased retail suites with highly desirable drive-thru capabilities, providing investors with stable income and long-term tenant appeal. Positioned on a prominent 0.67-acre corner site with excellent visibility along Pleasant Grove Boulevard, the property benefits from strong daily traffic counts, convenient access to I-15, and a dense mix of surrounding residential, retail, office, and entertainment uses. More than 200 apartment units are under construction adjacent to the site, further strengthening the area's consumer base and long-term growth potential. Built in 2025, the property offers modern construction, attractive architecture, ample parking, monument signage, and a location within one of Pleasant Grove's most active retail corridors. The combination of drive-thru functionality, high barriers to entry, and continued population growth makes this an exceptional investment opportunity for buyers seeking a high-quality, low-maintenance retail asset in a thriving market. Owner/Agent
Listed by Krista Wagner Hill · Real Broker, LLC
Location
172 S PLEASANT GROVE BLVD, Pleasant Grove, UT 84062
Cap Rate Calculator
Underwrite this property at a glance. Adjust NOI, vacancy, and OpEx to model your own assumptions.
Cap Rate
5.25%
$/SF
$843
GRM
11.8
Cap rate estimates are based on assumptions, not guaranteed, and should not be relied upon. Buyers must verify all information — including NOI, OpEx, lease terms, and rent rolls — directly with the seller or listing agent.
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© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 9/2/2026, 7:04:22 PM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing data provided by UtahRealEstate.com.