Building Details

Year Built 2011

Listing Agency: Colliers | Utah County Show Phone

Listed By: James Bullington · License #UT 5472910-SA00 Show Phone

Source: Moodyscre

Added: Jul 10 Changed: Oct 13 Last Checked: Oct 23 at 9:23AM

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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.

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

Estimated NOI and Cap Rate

NOI / Yr

$27,336

Cap Rate

3.11%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$546,720 $546.7K

Cap Rate 7%

$390,514 $390.5K

Cap Rate 9%

$303,733 $303.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,016 SF

Gross rent

$39.2K $19.44/SF

− Vacancy

−$2.7K −$1.36/SF

EGI

$36.4K $18.08/SF

− OpEx

−$9.1K −$4.52/SF

NOI

$27.3K $13.56/SF

Area

Weber County, UT

Vacancy

7.00%

Lease Rate

$19.44 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$546,720

Cap Rate 7%

$390,514

Cap Rate 9%

$303,733

Alternative Uses

Best Use

Specialty Retail

$390.5K

$341.7K – $455.6K (±1% cap)

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 (±1% cap)

NOI $32,548 @ 7.0% cap · market cap 3.70%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

GriDeli's Restaurant

Suggested Use

Top Pick Building Supply Hair Salon HVAC Service Pharmacy Spa & Massage Center Big Box & Wholesale 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.

Location Intelligence

Trade Area within ½ mile

128

Businesses Nearby

74k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 94% Dining 6%

C-A-L Ranch Stores Shops & Services

23,480 visits/mo 0.4 miles

Maverik Adventures First Stop Shops & Services

19,286 visits/mo 0.1 miles

Maverik Adventures First Stop Shops & Services

19,119 visits/mo 0.1 miles

Chevron Shops & Services

3,589 visits/mo 0.1 miles

Beans & Brews Dining

3,334 visits/mo 0.1 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

Frequently Asked Questions

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