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Southgate Retail Center is a 7 tenant retail project located in Salt Lake City, Utah. Comprised of 55,730 square feet, the project includes Family Dollar Stores and Auto Zone. Currently 86% occupied, the center has historically boasted high occupancy and provides the ability to improve cash flow through the leasing of the currently vacant space. The attractive asking price of $59 psf provides an attractive basis to be the low cost provider in the market. With a current average lease rate of $6 psf NNN, Southgate is among the most competitive retail projects in the Salt Lake Valley. Located on State Street with an average daily traffic count of 27,000, the center is surrounded by additional commercial, industrial and residential properties.
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