Strip Mall with Restaurant
768 W 1425 N Layton, UT 84041
For Sale
Contact for pricing
Strip mall with two active restaurant tenants and one vacant unit, adjacent to an AMC theater.
Property Size11,039 SF
Price / SF$335.18
Days on Market135
Property Features for 768 W 1425 N
General Information
- Standard status
- Active
- Size
- 11,039 SF
- Property subtype
- Business for Sale, Retail
Building Details
- Year Built
- 1999
Listing Agency:
Realty Group Utah
Listed By:
Meili Myles · License #13790850-SA00
Source:
Crexi
Added: Mar 11
Changed: Jul 23
Last Checked: Jul 23 at 4:25AM
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 Realty Group Utah
Investment Insights
Based on property information with market context.
This for-sale retail strip mall at 768 W 1425 N in Layton, UT features three restaurant spaces, with two current restaurant tenants and one empty unit. One of the restaurants is owned by the property owner, 99 Thai Fusion, and the offering includes the business valued at $300,000, with stated revenue of $923k and net cash flow of $140k.
The property is described as being in a prime setting adjacent to the AMC theater. The seller has noted a lease-back arrangement if a buyer is not interested in the business: the owner is willing to lease back the 99 Thai Fusion space and the empty unit next to it.
The other restaurant tenant is reported to have two more years remaining in the current term, along with renewal options for two to five additional years.
The property is described as being in a prime setting adjacent to the AMC theater. The seller has noted a lease-back arrangement if a buyer is not interested in the business: the owner is willing to lease back the 99 Thai Fusion space and the empty unit next to it.
The other restaurant tenant is reported to have two more years remaining in the current term, along with renewal options for two to five additional years.
Key Highlights
- Strip mall built in 1999 with two active restaurant tenants and one vacant unit
- Property is adjacent to an AMC theater in Layton
- Tenant mix includes 99 Thai Fusion (owner‑occupied) plus one additional restaurant tenant and one empty unit
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $214.6k | $19.44 |
| − Vacancy | −$12.2k | −$1.11 |
| EGI | $202.4k | $18.33 |
| − OpEx | −$50.6k | −$4.58 |
| NOI | $151.8k | $13.75 |
11,039 SF · lease $19.44/SF/yr · vacancy 5.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.17M
$1.90M – $2.53M
NOI $151,775 @ 7.0% cap · market cap 4.10%
Second Best
Retail
$1.91M
$1.67M – $2.22M
NOI $133,432 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$2.55M
$2.23M – $2.97M
NOI $178,468 @ 7.0% cap · market cap 4.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
99 Thai Fusion ...
Restaurant
Little Taste of Britain
Restaurant
Similar Off Market Nearby
- Kickin Seafood&Sushi Buffet（All You Can Eat） — 1120 N Main St, Layton, UT 84041
FAQs
What type of property is this?
Conventional restaurant - Strip mall with two active restaurant tenants and one vacant unit, adjacent to an AMC theater.
Where is this conventional restaurant located?
The property is located at 768 W 1425 N Layton, UT.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: Strip mall built in 1999 with two active restaurant tenants and one vacant unit; Property is adjacent to an AMC theater in Layton; Tenant mix includes 99 Thai Fusion (owner‑occupied) plus one additional restaurant tenant and one empty unit
