About This Restaurant
Investment Highlights
11+ Year Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities Easy Access to I-15 High Traffic Location With Excellent Visibility - With 45,000 Average Annual Daily Traffic (AADT) and Over 18,000 VPD on 300 W Excellent Demographics With Over 1.2 Million People Living Within 15-Miles, This Location Offers a Thriving Market Prime Retail Corridor of Downtown Salt Lake City Nearby Retailers Include: Lowe's Improvement, Walmart Supercenter, Mister Car Wash, Dollar Tree, Wendy's and More
Executive Summary
Sands Investment Group is Pleased to Present Exclusively For Sale the Burger King Located at 1315 South 300 West in Salt Lake City, UT. This Deal Includes an Absolute Triple Net (NNN) Lease With 11+ Years Remaining and Zero Landlord Responsibilities, Providing For a Secured Investment.In Cooperation With Sands Investment Group Utah, LLC - Lic. #11325487-CN00 BoR: Tyler Ellinger - Lic. UT #8219031-SA00
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Restaurant Restaurant General Retail Fast Food General Retail Storefront General Retail Storefront Retail/Office Restaurant
- Building Size 4,042
- Year Built 2014
- Price 2,880,000
- Price Per SF 713
- Cap Rate 5
- NOI 144,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.14
- Land Acres 0.65 AC
Nearby Amenities & Transportation
| Retail | KeyBank | ||
| Retail | Starbucks | ||
| Retail | Pure Barre | ||
| Retail | U.S. Bank | ||
| Retail | CrossFit | ||
| Retail | Jazzercise | ||
| Retail | TacoTime | ||
| Retail | Bank of America | ||
| Retail | United Rentals | ||
| Retail | Smith's Food & Drug Center Pharmacy |
| Date Created: | 2024-07-16 04:23:46 | Last Updated: | 2024-07-16 04:23:46 |
| Address: | 1315 S 300 W , Salt Lake City, Utah, 84115 | ||