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    4415 Tree Sparrow Dr Riverton, UT 84096

    For Sale
    $4,700,000

    Utah QSR, High-Growth Area

    Property size:
    3,529 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a brand-new, single-tenant Shake Shack located in the thriving Mountain View Village, Riverton, Utah. The property boasts a 3,529 square foot building on a 0.35-acre lot, constructed in 2023. It features a drive-thru and benefits from a 10-year absolute NNN ground lease with a 5% cap rate and a strong NOI of $235,094. The lease includes percentage rent and 10% rent increases every five years. This Class A property enjoys 100% occupancy and is situated within a rapidly expanding mixed-use development, surrounded by numerous national retailers and a high-density residential area. The location offers excellent visibility and accessibility, with high traffic counts exceeding 47,827 vehicles per day on 13400 South and projected future traffic of 165,000 VPD on the Mountain View Corridor. The surrounding area demonstrates impressive demographics, with approximately 199,462 residents within a 5-mile radius and an average household income exceeding $142,301. The property's strategic location within a master-planned development, coupled with the strength of the Shake Shack brand and the favorable lease terms, makes this a compelling investment opportunity with significant long-term potential. The property's APN is 273-137-600-500-00 and is zoned for commercial use. The asking price is $4,700,000.

    Property Features for 4415 Tree Sparrow Dr

    General Information

    Property type
    Restaurants
    Square Feet
    3,529 SF
    Class
    A
    Lot Size
    15,246 SF

    Building Details

    Year Built
    2023
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 10‑Year NNN Ground Lease with corporate guarantee (NYSE: SHAK), zero landlord responsibilities, and percentage rent with 10% increases every 5 years.
    • High‑traffic location in Mountain View Village, a ±1MM SF mixed‑use center, with frontage on 13400 South St. (±31,227 VPD) and proximity to Mountain View Corridor (±165,000 VPD).
    • Located in rapidly growing Riverton, Utah, serving an underserved market within a larger 600‑acre master‑planned development including new residential, office, and retail, and a future transit station.
    • Strong demographics: ±199,462 residents within a 5‑mile radius with average household incomes of ±$142,301.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Riverton
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.9961957
    Latitude
    40.5081519

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    FAQs

    What type of property is this?
    Restaurant - Utah QSR, High-Growth Area
    Where is this restaurant located?
    The property is located at 4415 Tree Sparrow Dr Riverton, UT.
    What is the asking price?
    The asking price for this property is $4,700,000.
    What are key features of this property?
    This property features: 10-Year NNN Ground Lease with corporate guarantee (NYSE: SHAK), zero landlord responsibilities, and percentage rent with 10% increases every 5 years.; High-traffic location in Mountain View Village, a ±1MM SF mixed-use center, with frontage on 13400 South St. (±31,227 VPD) and proximity to Mountain View Corridor (±165,000 VPD).; Located in rapidly growing Riverton, Utah, serving an underserved market within a larger 600-acre master-planned development including new residential, office, and retail, and a future transit station.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4415 Tree Sparrow Dr Riverton, UT 84096
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