Building Details

Year Built 2023

Tenancy Single

Listing Agency: Marcus & Millichap - Salt Lake City Show Phone

Listed By: Andrew Knudsen · License #UT 9115765-SA00

Source: Crexi

Added: Apr 11 Changed: Aug 8 Last Checked: Aug 10 at 2:32PM

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Investment Insights

Based on property information with market context.

Marcus & Millichap presents for sale the Wendy’s in Ephraim, Utah. The property features a brand-new building completed in Q3 of 2023, with 2,553 square feet of rentable space on one acre of land.

The site is an outparcel of Walmart on Main Street in Ephraim, supported by traffic counts of over 10,000 VPD. This offering is structured as a sale leaseback from the tenant, Barbarosa Foods.

The lease is a 20-year, absolute-net term with 5% rent increases every five years and three, five-year extensions. According to the tenant’s website, Barbarosa Foods, Ltd. is a branch of TETCO, Inc. A branch of TETCO, Inc., an investment and development company out of San Antonio, TX.

Key Highlights

• Brand‑new Wendy’s building completed Q3 2023
• 2,553 SF of rentable space on 1 acre outparcel along Main Street in Ephraim
• Located on a Walmart outparcel with traffic counts over 10,000 VPD

Property Analytics

Property Profile

Current Use

Wendy's Restaurant

Suggested Use

Top Pick Parking Lot & Garage Storage Facility Building Supply Grocery & Convenience Store Auto Parts Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

10,000 VPD

Traffic count

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

362

Businesses Nearby

68k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 53% Dining 41% Electronics 6%

Maverik Adventures First Stop Shops & Services

15,104 visits/mo 0.4 miles

Wendy's Dining

13,889 visits/mo 0.5 miles

Dollar Tree Shops & Services

11,504 visits/mo 0.1 miles

Arby's Dining

6,801 visits/mo 0.5 miles

Mountain America Credit Union Shops & Services

4,376 visits/mo 0.3 miles

Demographics for 84627, UT

5,882

Population

1,909

Households

3.1

Avg Household Size

26

Median Age

44%

College-Educated

96%

High-School Grad

43.5 sq mi

ZIP Area

135

Density / Sq Mi

$78,269

Median Household Income

$23,502

Median Earnings

$903

Median Rent

$417,500

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Brand-new Wendy’s building completed Q3 2023 offered via 20-year absolute-net sale-leaseback.

Where is this conventional restaurant located?

The property is located at 747 N Main St Ephraim, UT.

What are key features of this property?

This property features: Brand‑new Wendy’s building completed Q3 2023; 2,553 SF of rentable space on 1 acre outparcel along Main Street in Ephraim; Located on a Walmart outparcel with traffic counts over 10,000 VPD