Bobby's Burgers Restaurant
For Lease
Contact for pricing
575 E University Parkway Space B-48, Orem, UT 84097
Existing restaurant improvements are available within University Place, an active retail center at 575 E University Parkway.
Space Size1,934 SF
Days on Market11
Property Features for 575 E University Parkway Space B-48
General Information
Standard status
Active
Size
1,934 SF
Net Rentable
1,934 SF
Property subtype
Retail
Lease Type
NNN
Space & Availability
Available Space
1,934 SF
Contiguous Space
1,934 SF
Space Use
Restaurant
Sublease
Yes
Lease Terms
Lease Rate
$61.20 /USD/SF/YR
Monthly Rent
$9,863
Rent per SF/Year
$61.20
Building Details
Building Size
1,934 SF
Tenancy
Single
Spaces For Lease
at 575 E University Parkway Space B-48 Contact us- Size
- 1,934 SF
- Type
- Retail
- Lease Type
- NNN
- Availability
- Active
#B-48
Listing Agency:
Colliers - Salt Lake City, Utah
(801) 554-8920
Listed By:
Dan Moore · License #UT
Source:
Crexi
Added: Aug 19
Changed: Aug 28
Last Checked: Aug 28 at 7:16PM
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 - Salt Lake City, Utah
Investment Insights
Based on property information with market context.
The 1,934-square-foot restaurant space is currently occupied by Bobby’s Burgers and is available through a sublease arrangement. The premises are located in Space B-48 at University Place, providing an existing restaurant setting within the retail center.
The lease began in December 2024 and runs through December 2034. Lease structure is NNN, with 2% annual rent increases and two additional five-year extension options following the original 10-year term. The property address is 575 E University Parkway, Orem, Utah 84097.
The lease began in December 2024 and runs through December 2034. Lease structure is NNN, with 2% annual rent increases and two additional five-year extension options following the original 10-year term. The property address is 575 E University Parkway, Orem, Utah 84097.
Key Highlights
- 1,934 SF restaurant space in Space B‑48 at University Place
- Currently occupied by Bobby’s Burgers
- Sublease term runs through December 2034
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
1,944
Businesses Nearby
510k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 29%
Dining 25%
Shops & Services 16%
Leisure 9%
Costco Wholesale
Superstores
149,177 visits/mo
0.5 miles
Cinemark University Mall
Leisure
46,524 visits/mo
0.4 miles
Texas Roadhouse
Dining
32,813 visits/mo
0.2 miles
Maverik Adventures First Stop
Shops & Services
30,041 visits/mo
0.2 miles
Best Buy
Electronics
27,616 visits/mo
0.5 miles
Demographics for 84097, UT
23,038
Population
7,237
Households
3.2
Avg Household Size
30
Median Age
50%
College-Educated
98%
High-School Grad
6.0 sq mi
ZIP Area
3,840
Density / Sq Mi
$97,034
Median Household Income
$34,536
Median Earnings
$1,414
Median Rent
$506,900
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing restaurant improvements are available within University Place, an active retail center at 575 E University Parkway.
Where is this conventional restaurant located?
The property is located at 575 E University Parkway Space B-48 Orem, UT.
What are key features of this property?
This property features: 1,934 SF restaurant space in Space B‑48 at University Place; Currently occupied by Bobby’s Burgers; Sublease term runs through December 2034
