3601 S St West Valley City, UT 84119
- Retail properties
Current Use by Public Records
- T-Mobile Authorized Retailer / Cell Phone Store / Cell Phone Accessory Store
- Metro by T-Mobile / Cell Phone Store
- JCPenney Optical - Location Closing Soon! / Optometrist / Contact Lenses Supplier
- Tricked Out Accessories and Phone Repair / Cell Phone Accessory Store / Cell Phone Store
- Hobby Lobby / Fabric Store / Hobby Store
Property Details for 3601 S St
- Year built
- 2009
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a single-tenant, freestanding Olive Garden restaurant located at 3601 S 2700 W, Salt Lake City, UT 84119. Built in 2009, this 1-story, 1-building property sits on a ground lease and boasts a highly desirable drive-thru. The property features a strong net operating income (NOI) of $146,410, resulting in an attractive 5.00% capitalization rate. The asking price is $2,928,000. This location benefits from its high visibility and easy accessibility within a premier retail, residential, and entertainment hub, near West Valley City's new downtown area. The property is situated in Utah's second-largest city, known for its #1 ranked national economy and attractive trade area demographics. This presents a compelling opportunity for individual or portfolio acquisitions, with an all-cash offer encouraged. The property's APN is 15-33-201-018-0000. This is a rare chance to acquire a well-established, high-performing restaurant in a thriving market.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- West Valley City
- County
- Salt Lake
- State
- Utah
- Longitude
- -111.958
- Latitude
- 40.6942
