Drive-Thru Restaurant
380 N 1900 West St Marriott Slaterville, UT 84404
For Sale
Contact for pricing
2011-built restaurant with drive-thru, currently leased to GriDeli’s through May 2031.
Property Size2,016 SF
Lot Size0.40 Acres
Price / SF$436.51
Days on Market16
Property Features for 380 N 1900 West St
General Information
- Standard status
- Active
- Size
- 2,016 SF
- Lot size
- 0.40 Acres
- Property subtype
- RETAIL
Listing Agency:
Colliers | Utah County
(801) 702-4682
Listed By:
James Bullington · License #UT 5472910-SA00
Source:
Moodyscre
Added: Jul 10
Changed: Jul 25
Last Checked: Jul 25 at 8:37AM
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 Colliers | Utah County
Investment Insights
Based on property information with market context.
This drive-thru restaurant building was constructed in 2011 and contains approximately 2,016 square feet. The property is currently occupied by GriDeli’s, with a tenant lease expiration in May 2031. Availability is listed at 2,016 square feet.
The site is offered for sale as Parcel #156050001, on a 0.40-acre lot. The property’s drive-thru configuration supports quick-service restaurant operations.
The building is marketed as a single tenant asset, with the current lease in place through May 2031. The listing also reports a 5.75% cap rate and a sales price of $880,000.
The site is offered for sale as Parcel #156050001, on a 0.40-acre lot. The property’s drive-thru configuration supports quick-service restaurant operations.
The building is marketed as a single tenant asset, with the current lease in place through May 2031. The listing also reports a 5.75% cap rate and a sales price of $880,000.
Key Highlights
- 2011‑built restaurant with a drive‑thru
- 2,016 SF available (2016 SF building size) on a 0.40‑acre parcel
- Currently leased to GriDeli’s through May 2031
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 | $39.2k | $19.44 |
| − Vacancy | −$2.7k | −$1.36 |
| EGI | $36.4k | $18.08 |
| − OpEx | −$9.1k | −$4.52 |
| NOI | $27.3k | $13.56 |
2,016 SF · lease $19.44/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$390.5K
$341.7K – $455.6K
NOI $27,336 @ 7.0% cap · market cap 3.11%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
GriDeli's
Restaurant
FAQs
What type of property is this?
Drive through restaurant - 2011-built restaurant with drive-thru, currently leased to GriDeli’s through May 2031.
Where is this drive through restaurant located?
The property is located at 380 N 1900 West St 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 restaurant with a drive‑thru; 2,016 SF available (2016 SF building size) on a 0.40‑acre parcel; Currently leased to GriDeli’s through May 2031
