Parkway Village

2255 North University Parkway

Salt Lake City

Utah


Parkway Village is a Walmart anchored shopping center located in Provo, Utah, the third largest city in Utah and home to Brigham Young University.

Property Description

Acquired in August 2019, Parkway Village is highlighted by a market-leading Walmart Neighborhood Market anchor, as well as high-profile shadow space and pads, all of which have identifiable value-add opportunities of the long-term. Located at a new, signalized intersection on University Parkway, the city’s primary commercial arterial, Parkway Village benefits from exceptional visibility, in addition to enviable proximity to two of the largest universities in Utah, Brigham Young University and Utah Valley University. 

Key Stats.

Area 102,300 sq/ft
Sub-Market Salt Lake City
Year Built 1983/2018
Fund 2017

Features

Resides in close proximity to two of the largest student populations in Utah, Brigham Young University and Utah Valley University, which represent a combined student enrollment of more than 70,000 

  • Identifiable value-add initiatives, including enhanced monument signage and a parking lot reconfiguration plan
  • Opportunity to derive long-term value through an attractive in-place rent roll and capital improvement initiatives