28 2100th S South Salt Lake, UT 84115-2317
- Drive through restaurants
- 1,610 SF
- 1.56 lot acres
Current Use by Public Records
- US Health insurance Salt Lake / Life Insurance Agency / Health Insurance Agency
- I Venture, Inc / Website Designer
- hcg diet / Nutritionist / Vitamin & Supplements Store
- C STREET STUDIOS / Video Production Service
- مكتب تاكس / City Tax Office
Property Details for 28 2100th S
- Year built
- 2003
- Lot size
- 1.56 lot acres
- Property size
- 1,610 SF
- Zone code
- CC
- Property type
- Drive through restaurants
- APN
- 16-19-103-026
- APU
- 1619103026
Description
This exceptional investment opportunity presents a brand-new, 3,860-square-foot In-N-Out Burger restaurant in South Salt Lake City, Utah. Located on a 1.58-acre lot at a high-traffic intersection (over 66,100 vehicles per day), this property benefits from excellent visibility and accessibility. The absolute NNN lease boasts a 20-year primary term with four 5-year options, ensuring long-term, stable income. Rent increases of 10% every five years provide inflation protection, and the property includes additional revenue streams from billboard leases. Built in 2024, the property enjoys 100% occupancy and a strong NOI of $357,526, resulting in a 3.50% cap rate. The asking price is $10,215,000 ($2,646.37 per square foot). This strategically located property is near major interstates (I-15 and I-80), offering convenient access and high traffic volume. Surrounding the property are other well-known retailers, including The Home Depot, Costco, and WinCo Foods, further enhancing its desirability and potential for continued success. The property's location within a densely populated area (over 368,800 residents within 5 miles, MSA population exceeding 1.26 million) with high average household incomes (over $113,779 within a 5-mile radius) contributes to its strong investment potential. The lease commenced November 1, 2024, and expires October 31, 2044. This is a rare opportunity to acquire a highly sought-after In-N-Out Burger location with minimal landlord responsibilities and significant long-term growth potential. The property's APN is 16-19-103-021, 16-19-103-018.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- South Salt Lake
- County
- Salt Lake
- State
- Utah
- Longitude
- -111.863
- Latitude
- 40.7345
- CBSA code
- 41620
- CBSA name
- SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA
