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    28-50 East Pl South Salt Lake City, UT 84102

    For Sale
    $10,215,000

    New 20-year NNN lease with rent increases and billboard revenue.

    Property size:
    3,860 SF
    Lot size:
    1.21 Acres

    Property Features for 28-50 East Pl South

    General Information

    Size
    3,860 SF
    Lot size
    1.21 Acres

    Source: Colliers | Utah County Agent Sage Shepard

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    In-N-Out Burger Investment Opportunity

    This commercial property in South Salt Lake City, UT, presents an opportunity to acquire an In-N-Out Burger location. The new construction building is 3,860 square feet and includes a drive-thru, situated on a 1.58-acre parcel. The property is located at the hard corner signalized intersection of S Main Street and 2100 South, with a combined traffic count exceeding 66,100 vehicles per day. It is also near Interstate 15 (with over 311,000 vehicles per day) and Interstate 80 (with over 136,000 vehicles per day). Nearby retailers include The Home Depot, Costco, WinCo Foods, McDonald’s, Raising Cane’s, Chipotle, Jack in the Box, and Starbucks. The property features a brand new 20-year absolute NNN ground lease with four 5-year option periods and 10% rent increases every 5 years. Additional billboard revenue is generated, and there are no landlord responsibilities. The location is in the Salt Lake City MSA, which has a population exceeding 1.26 million.
    Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.8641221
    Latitude
    40.7598038

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    FAQs

    What type of property is this?
    Drive through restaurant - New 20-year NNN lease with rent increases and billboard revenue.
    Where is this drive through restaurant located?
    The property is located at 28-50 East Pl South Salt Lake City, UT.
    What is the asking price?
    The asking price for this property is $10,215,000.
    What are key features of this property?
    This property features: - Brand new 20-year absolute NNN ground lease with corporate guarantee.; - Located at a **high-traffic hard corner** with over 66,100 VPD.; - **10% rent increases every 5 years.**
    (801) 610-1300
    Request Owner's contact information
    28-50 East Pl South Salt Lake City, UT 84102
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    Salt Lake City, UT 84102
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    28-50 East Pl South Salt Lake City, UT 84102
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