Drive-Thru Restaurant
For Sale
Contact for pricing
1500 S Foothill Dr, Salt Lake City, UT 84108
Drive-thru restaurant on a hard corner with ample on-site parking and pylon signage.
Property Size7,558 SF
Price / SF$238.03
Days on Market541
Property Features for 1500 S Foothill Dr
General Information
Standard status
Active
Size
7,558 SF
Property subtype
RETAIL
Site & Location
Corner Location
Yes
Drive-Thru
Yes
Pylon Signage
Yes
Listing Agency:
JLL | Salt Lake City
(801) 949-5066
Listed By:
Bronson Rawlins · License #S.0171604
(801) 949-5066
Source:
Moodyscre
Added: Feb 6, 2025
Changed: Jul 31
Last Checked: Jul 31 at 7:27AM
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 JLL | Salt Lake City
Investment Insights
Based on property information with market context.
This property is an existing drive-thru restaurant. It is located on a hard corner in a mixed-use area and is supported by pylon signage for visibility.
The site offers strong street-level exposure, access, and visibility, with ample on-site parking for customer convenience.
With its drive-thru configuration and prominent corner presence, the property is well suited for operators seeking customer-friendly drive-through service in a mixed-use setting.
The site offers strong street-level exposure, access, and visibility, with ample on-site parking for customer convenience.
With its drive-thru configuration and prominent corner presence, the property is well suited for operators seeking customer-friendly drive-through service in a mixed-use setting.
Key Highlights
- Existing drive‑thru restaurant
- Located on a hard corner
- Mixed‑use area
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $172.3k | $22.80 |
| − Vacancy | −$4.3k | −$0.57 |
| EGI | $168.0k | $22.23 |
| − OpEx | −$42.0k | −$5.56 |
| NOI | $126.0k | $16.67 |
7,558 SF · lease $22.80/SF/yr · vacancy 2.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.80M
$1.58M – $2.10M
NOI $126,011 @ 7.0% cap · market cap 7.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.04M
$1.78M – $2.38M
NOI $142,536 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,984
Businesses Nearby
18k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Hotels & Casinos 41%
Corner Bakery Cafe
Dining
10,605 visits/mo
0.2 miles
Salt Lake City Marriott University Park
Hotels & Casinos
7,415 visits/mo
0.3 miles
Demographics for 84108, UT
21,261
Population
8,258
Households
2.6
Avg Household Size
35
Median Age
78%
College-Educated
98%
High-School Grad
72.2 sq mi
ZIP Area
294
Density / Sq Mi
$120,469
Median Household Income
$42,821
Median Earnings
$1,562
Median Rent
$759,800
Median Home Value
Market
Vacancy Rate% for Retail in Salt Lake City, UT
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Drive-thru restaurant on a hard corner with ample on-site parking and pylon signage.
Where is this drive through restaurant located?
The property is located at 1500 S Foothill Dr Salt Lake City, UT.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: Existing drive‑thru restaurant; Located on a hard corner; Mixed‑use area
