Restaurant Space in Retail
New
For Lease
Contact for pricing
575 E University Pkwy, Orem, UT 84097
Existing restaurant improvements occupy space within an active retail center in Orem.
Space SizeContact for details
Days on Market2
Property Features for 575 E University Pkwy
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Salt Lake City - Millrock
(801) 947-8365
Listed By:
Dan Moore
(801) 947-8365
Source:
Colliers
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 22 at 3:29AM
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 Salt Lake City - Millrock
Investment Insights
Based on property information with market context.
This conventional restaurant space comprises 1,934 SF within University Place at 575 E University Parkway, Space B-48, in Orem, Utah. The premises are currently occupied by Bobby’s Burgers and are configured as an existing restaurant rather than a raw commercial shell.
The sublease began rent commencement in December 2024 and runs through December 2034, with two additional 5-year extension options. Lease terms include NNN structure and 2% annual rent increases. The property is part of an active retail center at 575 E University Parkway, providing a retail-center setting for restaurant operations.
The sublease began rent commencement in December 2024 and runs through December 2034, with two additional 5-year extension options. Lease terms include NNN structure and 2% annual rent increases. The property is part of an active retail center at 575 E University Parkway, providing a retail-center setting for restaurant operations.
Key Highlights
- 1,934 SF conventional restaurant space at University Place
- Existing restaurant space currently occupied by Bobby’s Burgers
- Sublease term runs from December 2024 through December 2034
Property Analytics
Property Profile
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 occupy space within an active retail center in Orem.
Where is this conventional restaurant located?
The property is located at 575 E University Pkwy Orem, UT.
What are key features of this property?
This property features: 1,934 SF conventional restaurant space at University Place; Existing restaurant space currently occupied by Bobby’s Burgers; Sublease term runs from December 2024 through December 2034
