Strip Mall with Restaurant
For Sale
$3,200,000
768 W 1425 N, Layton, UT 84041
Strip mall with two active restaurant tenants and one vacant unit, adjacent to an AMC theater.
Property Size11,040 SF
Days on Market237
Property Features for 768 W 1425 N
General Information
Standard status
Active
Size
11,040 SF
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$19,292
Building Details
Building Size
11,040 SF
Year Built
1999
Listed By:
Meili Myles
(801) 707-1957
Source:
Evrealestate
Added: Mar 3
Changed: Oct 11
Last Checked: Oct 24 at 5:18PM
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 Meili Myles
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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
Estimated NOI and Cap Rate
NOI / Yr
$151,788
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,035,760
$3.0M
Cap Rate 7%
$2,168,400
$2.2M
Cap Rate 9%
$1,686,533
$1.7M
Market Conditions
NOI Build-Up for 11,040 SF
Gross rent
$214.6K $19.44/SF
− Vacancy
−$12.2K −$1.11/SF
EGI
$202.4K $18.33/SF
− OpEx
−$50.6K −$4.58/SF
NOI
$151.8K $13.75/SF
Area
Davis County, UT
Vacancy
5.70%
Lease Rate
$19.44 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,035,760
Cap Rate 7%
$2,168,400
Cap Rate 9%
$1,686,533
Alternative Uses
Best Use
Specialty Retail
$2.17M
$1.90M – $2.53M
NOI $151,788 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.55M
$2.23M – $2.97M
NOI $178,484 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,617
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 84041, UT
55,289
Population
19,171
Households
2.9
Avg Household Size
30
Median Age
31%
College-Educated
95%
High-School Grad
14.9 sq mi
ZIP Area
3,711
Density / Sq Mi
$87,608
Median Household Income
$43,804
Median Earnings
$1,404
Median Rent
$395,800
Median Home Value
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Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Kickin Seafood&Sushi Buffet（All You Can Eat） — 1120 N Main St, Layton, UT 84041
Frequently Asked Questions
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 $3,200,000.
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
