NYSE (GGP) / Brookfield Property Partners (BPY) NNN Property For Sale — Murray, UT
6185 S. Fashion Place Mall, Murray, UT 84107
A rare opportunity to acquire a prime 2.85-acre parcel, strategically located as a dedicated parking facility for the prominent Fashion Place Mall. This site boasts exceptional visibility and high traffic counts, situated within the vibrant Salt Lake Valley. The Fashion Place Mall, established in 1972 and renovated in 2011, is a premier retail destination featuring over 130 retailers across 965,464 square feet, known for its leading mix of first-to-market stores and restaurants in Utah. The property is easily accessible from I-15 and I-215, offering unparalleled shopping, dining, and entertainment. The investment features an absolute NNN lease with NYSE (GGP), now part of Brookfield Property Partners (BPY), providing a secure income stream. This offering represents a stable, long-term inv…
- Address: 6185 S. Fashion Place Mall, Murray, UT 84107
- Asking price $2.50M
- 5.62% cap rate
- NOI $140,500
- 7.6 years remaining
- NNN lease
- Year built: 1972
- Lot size: 2.85 acres
- Lease expiration: Apr 1, 2034
- Rent increases: April, 2024
- Guarantor: Corporate
Location
This NYSE (GGP) / Brookfield Property Partners (BPY) property is at 6185 S. Fashion Place Mall in Murray, Utah.
Asset type: Land