Expressway Plaza - Spanish Fork, Utah County, Utah Key Facts - - PowerPoint PPT Presentation

Spanish Fork - Utah 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.

• 9 miles south of Provo, home
• f BYU.
• 50 miles south of Salt Lake

City.

TLM Site TLM Site

Location Spanish Fork - Utah

Downtown Spanish Fork TLM Site Spanish Fork

• Commercial Development for

Spanish Fork is concentrated at north end of City, along US-6 near Interstate 15.

• Expressway Plaza is located
• n US-6 at Expressway Lane.
• Traffic count on US-6 in front
• f shopping center is 26,000

vehicles per day.

• Interstate 15 volume at US-6

interchange is 80,000 VPD. US-6 I-15

Spanish Fork - Utah Explosive Growth in Recent Years

0.77% 0.77% 0.76% 0.75% 1.48% 1.42% 1.67% 1.38% 2.02% 1.80% 2.28% 1.64% 3.16% 1.37% 1.87% 1.75%

0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50%

2011 2012 2013 2014

Annual ¡Population ¡Growth

U.S. Utah Utah ¡County, ¡UT Spanish ¡Fork, ¡UT

Population Growth*

• Utah County was among the

top 100 fastest growing counties in the US from 2010- 2014.

• In the past four years. Growth

in Spanish Fork has outpaced the US average growth rate by more than 300%.

• Even in fast-growing Utah,

Spanish Fork and Utah County are growing 33% faster than the state average.

*Data from US Census and Mountainland Association of Governments

Spanish Fork - Utah Explosive Growth in the Future

Population Growth*

• Utah County’s population is

projected to grow by 60% between 2010 and 2030, adding 313,800 residents, more than any other Utah county.

• Spanish Fork’s population is

expected to more than double between 2010 and 2050, adding 37,300 new residents.

8.13% 7.44% 5.79% 32.46% 20.99% 22.41% 27.72% 21.33% 19.33%

0.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00% 35.00%

2020 2030 2040

Population ¡Growth ¡Projections ¡-­‑ 2020 ¡to ¡2040

United ¡States Utah ¡County, ¡UT Spanish ¡Fork, ¡UT

*Data from US Census and Mountainland Association of Governments

Commercial Activity Spanish Fork - Utah

TLM Site Commercial Activity in Spanish Fork

• Walmart opened directly

behind property in March 2015.

• Costco opened across US-6 in

October 2012

• Good Earth Natural Foods,

Chick-fil-A, Five Guys, and

• thers are currently under

construction.

Canyon Creek Commercial Center Spanish Fork - Utah

Canyon Creek Commercial Center

• Regional shopping center

destination currently under construction.

• 240 Acre development includes

health care, retail, cinema, and

• ffice uses.
• Anchored by Intermountain

Health Care, Walmart, and Costco.

• Developed by Woodbury

Corporation. TLM Site

Expansion Opportunities Spanish Fork - Utah

Expansion Opportunity Expansion Opportunity TLM Site Site Opportunities

• Currently a BigK Kmart Store.
• Already developed site is

approved for commercial use and can be repurposed and redeveloped in a timely and cost- effective manner as compared to greenfield development.

• Numerous Expansion

Opportunities.

Demographics Spanish Fork - Utah

TLM Site Demographics (Census: ACS 2013)

• Population
• 3 Mile: 45,623
• 5 Mile: 76,664
• 7 Mile: 97,881
• Average Household Income
• 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

Site Plan Spanish Fork - Utah

Property Survey Spanish Fork - Utah