Investment Highlights
6+ years remaining on absolute NNN lease with three 5-year options to extend.
Tenant, Mach 1 Foods, operates 21 Sonic Drive-In restaurants in Utah and Idaho.
1741 W 3600 S is located near a potential MLB expansion site unveiled in Salt Lake City (The Power District).
Zero landlord expense/maintenance obligations making this a true hands-off investment.
Down the street from Valley Fair Mall ? an 800,000+ SF regional shopping mall with national tenants like Costco, Hobby Lobby, Old Navy, and more.
Bustling trade area with 359,138 residents and average household incomes of $80,980 within a 5-mile radius of the subject property.
Executive Summary
1741 W 3600 S is an absolute NNN lease with 6+ years remaining in the base term and three 5-year options to extend the lease term. The property encompasses 1,444 square feet on 1.29 acres and lies minutes from the Valley Fair Mall, an +/-800,000-square-foot regional shopping center with major national tenants, including Costco, Hobby Lobby, Old Navy, Five Below, and more. This acquisition has zero landlord expense/maintenance obligations, making this a true hands-off investment opportunity. The property affords its operator a prominent location along the heavily trafficked intersection of 3600 S and S Redwood Road, this major roadway also provides incredible accessibility to highly sustainable consumer demographics. Residents living within a 1-mile radius of the property earn an average household income of nearly $70,000 and tallied an impressive consumer spending total of over $209 million in 2023, over $24 million of that total accounted for food away from home purchases. The property?s ideal placement along the intersection of 3600 S and S Redwood Road affords visibility and access to over 37,000 vehicles passing by each day. The tenant, Mach 1 Foods, operates 21 Sonic Drive-In restaurants in Utah and Idaho. Carmel Capital Partners, a San Diego based office, intersection of 3600 S and S Redwood Road. Sonic Drive-In is the largest drive-in restaurant chain serving approximately 3 million customers daily. West Valley, Utah, is the second-largest city in the state and home to over 136,000 residents. West Valley is situated in the Salt Lake Valley, just south of Salt Lake City, and home to some of the state?s most vital attractions and largest employers. The Maverik Center, a 12,600-seat multi-purpose arena, and the USANA Amphitheater are within the West Valley city limits. Companies based in West Valley include Backcountry.com, C.R. England, FranklinCoey, and USANA Health Services.
