Drive-Through Retail
For Sale
$880,000
380 N 2000 W, Marriott Slaterville, UT 84404
Built in 2011 and operating with a drive-thru; the current tenant’s lease runs through May 2031.
Property Size2,016 SF
Lot Size0.40 Acres
Price / SF$436.51
Days on Market132
Property Features for 380 N 2000 W
General Information
Standard status
Active
Size
2,016 SF
Lot size
0.40 Acres
Property subtype
Retail
Additional Details
Cap Rate
5.75%
Building Details
Year Built
2011
Listing Agency:
Pleasant Grove
(801) 702-4682
Listed By:
James Bullington · License #UT 5472910-SA00
(801) 702-4682
Source:
Colliers
Added: Apr 24
Changed: Aug 31
Last Checked: Sep 1 at 2:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pleasant Grove
Investment Insights
Based on property information with market context.
This for-sale retail property includes a 2,016 SF building constructed in 2011 on a 0.40-acre parcel. The site is configured for drive-thru service and is currently occupied by GriDeli’s, with a tenant lease expiration of May 2031.
The offering lists the parcel as 156050001 and notes an available 2,016 SF space. The provided financial summary includes a 5.75% cap rate, with a sales price of $880,000.
Located at 380 N 2000 W, Marriott-Slaterville, UT 84404, the asset presents a drive-thru retail setup with an in-place tenant through the stated lease end date.
The offering lists the parcel as 156050001 and notes an available 2,016 SF space. The provided financial summary includes a 5.75% cap rate, with a sales price of $880,000.
Located at 380 N 2000 W, Marriott-Slaterville, UT 84404, the asset presents a drive-thru retail setup with an in-place tenant through the stated lease end date.
Key Highlights
- 2011‑built commercial property on a 0.40‑acre lot with 2,016 SF building size
- Drive‑thru setup with current tenant GriDeli’s
- Tenant lease expires May 2031
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,062
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$521,240
$521.2K
Cap Rate 7%
$372,314
$372.3K
Cap Rate 9%
$289,578
$289.6K
Market Conditions
NOI Build-Up for 2,016 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$39.2K $19.44/SF
− Vacancy
−$2.0K −$0.97/SF
EGI
$37.2K $18.47/SF
− OpEx
−$11.2K −$5.54/SF
NOI
$26.1K $12.93/SF
Area
Weber County, UT
Vacancy
5.00%
Lease Rate
$19.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$521,240
Cap Rate 7%
$372,314
Cap Rate 9%
$289,578
Alternative Uses
Best Use
Retail
$372.3K
$325.8K – $434.4K
NOI $26,062 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$465.0K
$406.9K – $542.5K
NOI $32,548 @ 7.0% cap · market cap 3.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
144
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84404, UT
66,382
Population
23,907
Households
2.8
Avg Household Size
32
Median Age
22%
College-Educated
89%
High-School Grad
96.3 sq mi
ZIP Area
689
Density / Sq Mi
$81,917
Median Household Income
$42,844
Median Earnings
$1,304
Median Rent
$352,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Built in 2011 and operating with a drive-thru; the current tenant’s lease runs through May 2031.
Where is this storefront property located?
The property is located at 380 N 2000 W Marriott Slaterville, UT.
What is the asking price?
The asking price for this property is $880,000.
What are key features of this property?
This property features: 2011‑built commercial property on a 0.40‑acre lot with 2,016 SF building size; Drive‑thru setup with current tenant GriDeli’s; Tenant lease expires May 2031
