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

LocationSpanish 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

of BYU.• 50 miles south of Salt Lake

City.

TLM Site

TLM Site

Location

Spanish Fork - Utah

DowntownSpanish 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 on US-6 at Expressway Lane.

• Traffic count on US-6 in front of 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 FuturePopulation 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 others 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 office uses.

• Anchored by Intermountain Health Care, Walmart, and Costco.

• Developed by Woodbury Corporation.TLM Site

Expansion Opportunities

Spanish Fork - Utah

Expansion OpportunityExpansion

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