Building Details

Year Built 2011

Listing Agency: Colliers - Pleasant Grove - Utah County, Utah

Listed By: Shauna Ashton · License #UT 11079055-SA00

Source: Crexi

Added: Apr 13 Changed: Oct 18 Last Checked: Oct 19 at 6:45AM

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Investment Insights

Based on property information with market context.

This for-sale retail property includes a 2,016 SF building constructed in 2011 on a 0.40-acre parcel. The site is configured for drive-thru service and is currently occupied by GriDeli’s, with a tenant lease expiration of May 2031.

The offering lists the parcel as 156050001 and notes an available 2,016 SF space. The provided financial summary includes a 5.75% cap rate, with a sales price of $880,000.

Located at 380 N 2000 W, Marriott-Slaterville, UT 84404, the asset presents a drive-thru retail setup with an in-place tenant through the stated lease end date.

Key Highlights

• 2011‑built commercial property on a 0.40‑acre lot with 2,016 SF building size
• Drive‑thru setup with current tenant GriDeli’s
• Tenant lease expires May 2031

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$26,062

Cap Rate

2.96%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$521,240 $521.2K

Cap Rate 7%

$372,314 $372.3K

Cap Rate 9%

$289,578 $289.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,016 SF

Gross rent

$39.2K $19.44/SF

− Vacancy

−$2.0K −$0.97/SF

EGI

$37.2K $18.47/SF

− OpEx

−$11.2K −$5.54/SF

NOI

$26.1K $12.93/SF

Area

Weber County, UT

Vacancy

5.00%

Lease Rate

$19.44 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$521,240

Cap Rate 7%

$372,314

Cap Rate 9%

$289,578

Alternative Uses

Best Use

Retail

$372.3K

$325.8K – $434.4K (±1% cap)

NOI $26,062 @ 7.0% cap · market cap 2.96%

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

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Open Analytics

Current Use

Fireplace Blower Outlet Production Facility Zhang's Chinese Kitchen Restaurant Goodlife Gemz (Bike/Boat/Book/etc) Store Goodlife Gemz Crystal ... (Bike/Boat/Book/etc) Store Bullfrog Spas Factory ... (Bike/Boat/Book/etc) Store

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

144

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

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?

Storefront property - Built in 2011 and operating with a drive-thru; the current tenant’s lease runs through May 2031.

Where is this storefront property located?

The property is located at 380 N 2000 W 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 commercial property on a 0.40‑acre lot with 2,016 SF building size; Drive‑thru setup with current tenant GriDeli’s; Tenant lease expires May 2031