Property summary
This exceptional investment opportunity presents the fee-simple ownership of a Sonic Drive-In located at 1192 US-40, Vernal, Utah. The 1,496 square foot building, constructed in 2010, sits on a 0.67-acre lot and boasts 19 drive-in stalls, offering convenient drive-thru accessibility. This QSR property is an outparcel to Diamond Mountain Shopping Center, benefiting from high visibility and traffic on Hwy 40/191 (25,331 vehicles per day). The property enjoys a strong location near national… retailers, schools, and other economic drivers. The current lease, a Net Lease (NNN) agreement with a franchisee, has a remaining term of 7.6 years, expiring March 30, 2030, with three five-year renewal options. Rent increases of 10% every five years are built into the lease, providing protection against inflation. The next rent increase is scheduled for April 2025. The property's Net Operating Income (NOI) is $163,350, resulting in a 7.00% cap rate. The asking price is $2,335,000, or $1,560.83 per square foot. The property's location in Vernal, a growing community with a 2022 population of 10,657 and a trade area population of 27,483, offers significant long-term potential. This rare mountain west investment opportunity provides a passive income stream with built-in growth potential. The tenant, a Sonic Drive-In franchisee, has a 100% occupancy rate since July 20, 2010.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
1 recorded sale · 14 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 1,496 SF
- Lot area
- 0.67 ac
- Year built
- 2010
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- NOI Potential
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- Alternative use
- Local Zoning Insight
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- Ownership
- Owner Contacts
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- Everything in the Light report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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