Drive-Thru Restaurant
4023 Riverdale Rd Riverdale, UT 84405
4023 Riverdale Rd, Riverdale, UT, 84405
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For Sale
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Pending
Newly constructed, drive-thru leased restaurant with an absolute NNN ground lease and no landlord responsibilities.
Days on Market104
Property Features for 4023 Riverdale Rd
General Information
- Standard status
- Pending
- Property subtype
- Retail
Listing agency
SRS Real Estate Partners Salt Lake City
(801) 410-1621
Listed by
Jack Cornell · License #UT 9518385-SA00
Source
Crexi
Added: Apr 11 Updated: Jul 22 at 7:07PM Checked: Jul 22 at 7:07PM
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 SRS Real Estate Partners Salt Lake City
Investment Insights
Based on property information with market context.
SRS National Net Lease Group is pleased to offer the leased fee interest (land ownership) in a newly constructed, drive-thru equipped FiiZ Drinks restaurant investment property with an absolute NNN ground lease. The tenant, Delta Bravo Holdings, LLC (dba FiiZ Drinks), recently signed a brand new 10-year lease with two (5-year) options to extend. The lease includes 10% rental increases every 5 years throughout the initial term and options, designed to grow NOI over time. The ground lease is described as absolute NNN with zero landlord responsibilities.
The property is located along Riverdale Road in Riverdale, Utah, a major retail corridor averaging nearly 54,100 vehicles passing daily, with nearby direct on/off ramp access to Interstate 15, averaging over 119,000 vehicles per day. The site is positioned as an outparcel to Riverdale Shopping Center, a 650,000+ SF power center anchored by Lowe’s, Ross Dress for Less, TJ Maxx, Staples, Old Navy, and Petco, and it is next to Newgate Mall, a 725,000 SF regional mall anchored by Burlington, AT&T, Footlocker, and CineMark.
The immediate area includes additional national/credit tenants such as Costco, Walgreens, Savers, Planet Fitness, 7-Eleven, and Advance Auto Parts. The 5-mile trade area is supported by over 176,000 residents and 84,000 employees, with average household income of $88,687 within a 5-mile radius.
The property is located along Riverdale Road in Riverdale, Utah, a major retail corridor averaging nearly 54,100 vehicles passing daily, with nearby direct on/off ramp access to Interstate 15, averaging over 119,000 vehicles per day. The site is positioned as an outparcel to Riverdale Shopping Center, a 650,000+ SF power center anchored by Lowe’s, Ross Dress for Less, TJ Maxx, Staples, Old Navy, and Petco, and it is next to Newgate Mall, a 725,000 SF regional mall anchored by Burlington, AT&T, Footlocker, and CineMark.
The immediate area includes additional national/credit tenants such as Costco, Walgreens, Savers, Planet Fitness, 7-Eleven, and Advance Auto Parts. The 5-mile trade area is supported by over 176,000 residents and 84,000 employees, with average household income of $88,687 within a 5-mile radius.
Key Highlights
- Newly constructed, drive‑thru equipped FiiZ Drinks property offered as leased fee interest (land ownership) in Riverdale, UT
- Tenant Delta Bravo Holdings, LLC (dba FiiZ Drinks) signed a brand new 10‑year lease with 2 (5‑year) options to extend
- Absolute NNN ground lease with zero landlord responsibilities
Property Analytics
Location Intelligence
Current Use by Public Records
Drive through restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - Newly constructed, drive-thru leased restaurant with an absolute NNN ground lease and no landlord responsibilities.
Where is this nnn property located?
The property is located at 4023 Riverdale Rd Riverdale, UT.
What are key features of this property?
This property features: Newly constructed, drive‑thru equipped FiiZ Drinks property offered as leased fee interest (land ownership) in Riverdale, UT; Tenant Delta Bravo Holdings, LLC (dba FiiZ Drinks) signed a brand new 10‑year lease with 2 (5‑year) options to extend; Absolute NNN ground lease with zero landlord responsibilities