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130 10600 Sandy, UT 84070

Sponsored
For Sale
$4,526,233

High-Traffic, Multi-Tenant Retail Property

Property size:
2,350 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional investment opportunity presents a fee-simple ownership of two buildings totaling 2,350 square feet, situated on a signalized hard corner with a drive-thru. Located in Sandy, Utah, at 130 10600 S, 84070, this property boasts a 100% occupancy rate with two market-leading tenants: Starbucks and Potbelly. Built in 2016, the property offers a strong net operating income (NOI) of $271,574, resulting in a 6.00% cap rate. The asking price is $4,526,233, translating to $1,926.06 per square foot. This prime retail location benefits from its position as an outparcel to The Shops at South Town, Utah's largest shopping mall (1.3 million square feet), within a dense retail corridor and adjacent to major thoroughfares including I-15 and State Street. The property enjoys high visibility due to its signalized hard corner location and benefits from approximately 53,602 vehicles passing daily. Tenants enjoy a triple-net (NN) lease structure with 10% rent bumps in each option period. This is a rare opportunity to acquire a high-performing, multi-tenant retail property with exceptional long-term growth potential in a premier location. The investment-grade credit of Starbucks (BBB+ S&P) further enhances the stability and attractiveness of this offering.

Property Features for 130 10600

General Information

Property type
Restaurants
Square Feet
2,350 SF

Building Details

Year Built
2016
Buildings
2

HighLights

  • Hard corner location with signalized intersection.
  • High traffic count: ±53,602 vehicles per day.
  • Drive‑thru available.
  • Strong tenant lineup featuring Starbucks (SBUX), an investment‑grade tenant (BBB+ S&P rating).
  • Outparcel to a major 1.3 million square foot shopping mall in Utah.
Property Profile Location Intelligence

Current Use by Public Records

Potbelly Sandwich Shop Starbucks Coffee Shop

Suggested Use

Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Sandy
County
Salt Lake
State
Utah
Longitude
-111.8943765
Latitude
40.5592941

FAQs

What type of property is this?
Restaurant - High-Traffic, Multi-Tenant Retail Property
Where is this restaurant located?
The property is located at 130 10600 Sandy, UT.
What is the asking price?
The asking price for this property is $4,526,233.
What are key features of this property?
This property features: Hard corner location with signalized intersection.; High traffic count: ±53,602 vehicles per day.; Drive-thru available.
More about this property
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