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NNN Restaurant With Corporate Guarantee
For Sale
Contact for pricing
Pending

322 12th Street, Ogden, UT 84404

NNN lease structure with corporate guarantee; proposed Black Bear Diner opening slated for March 2017.

Property SizeContact for details
Days on Market49

Property Features for 322 12th Street

General Information

Standard status Pending
Property subtype Retail
Listing Agency: Evergreen Devco, Inc Utah
Listed By: Matthew Nielson · License #UT 9180978-SA00
Source: Crexi
Added: Jul 21 Changed: Sep 5 Last Checked: Sep 7 at 4:58AM

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 Evergreen Devco, Inc Utah

Investment Insights

Based on property information with market context.

The offering is an NNN restaurant investment described in the remarks as a corporate guarantee lease. The proposed use is Black Bear Diner, with an opening targeted for March 2017.

The site is located in the heart of the retail corridor of North Ogden and is adjacent to major QSR and retail tenants including McDonald’s, Starbucks, Burger King, and Papa Murphy’s. Additional nearby retailers cited include ShopKo, WinCo, Petsmart, Walgreens, Chick-fil-A, Vasa Fitness, and Wendy’s. Traffic counts provided include 27,640 ADT on Washington and 20,850 ADT on 12th Street.

Additional land behind Black Bear is also referenced as available for sale at $250,000, consisting of 48 acres.

Key Highlights

  • NNN lease structure with corporate guarantee (lease type: corporate guarantee lease).
  • Black Bear Diner proposed opening slated for March 2017.
  • Site is located in the heart of the retail corridor of North Ogden, adjacent to McDonalds, Starbucks, Burger King, and Papa Murphy’s.

Property Analytics

Current Use

Take 5 Oil ... Auto Repair Shop

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Big Box & Wholesale Store Pharmacy Building Supply

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

Location Intelligence

Trade Area within ½ mile

703
Businesses Nearby
508k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 57% Groceries 16% Apparel 9% Shops & Services 7%
WinCo Foods Groceries
72,213 visits/mo 0.5 miles
Chick-fil-A Dining
51,873 visits/mo 0.2 miles
McDonald's Dining
45,399 visits/mo 0.1 miles
Ross Dress for Less Apparel
36,199 visits/mo 0.4 miles
The Home Depot Home Improvements & Furnishings
36,012 visits/mo 0.2 miles

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

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - NNN lease structure with corporate guarantee; proposed Black Bear Diner opening slated for March 2017.
Where is this conventional restaurant located?
The property is located at 322 12th Street Ogden, UT.
What are key features of this property?
This property features: NNN lease structure with corporate guarantee (lease type: corporate guarantee lease).; Black Bear Diner proposed opening slated for March 2017.; Site is located in the heart of the retail corridor of North Ogden, adjacent to McDonalds, Starbucks, Burger King, and Papa Murphy’s.
More about this property
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