340 University Pkwy Orem, UT 84058
- Turn key restaurants
- 7,947 SF
- 12.90 lot acres
Current Use by Public Records
- Burlington / Women'S Clothing Store / Clothing Store
Property Details for 340 University Pkwy
- Year built
- 2003
- Lot size
- 12.90 lot acres
- Property size
- 7,947 SF
- Property type
- Turn key restaurants
- APN
- 57-086-0005
- APU
- 570860005
Description
This exceptional 3,510 square foot single-tenant retail space is ideally situated at 340 E University Pkwy in Orem, Utah, 84058. Boasting a highly visible location directly off University Parkway, this property benefits from exceptional traffic counts exceeding 100,000 vehicles daily at the nearby intersection of University Parkway and State Street. The space is perfect for a variety of retail uses and offers a compelling opportunity for businesses seeking high visibility and accessibility. The property is a single-story building without elevators. The lease rate is a net-net-net (NNN) structure, ranging from $26 to $35 per square foot. This prime location offers excellent co-tenancy with established and popular businesses including In-N-Out Burger, Outback Steakhouse, Nordstrom Rack, Burlington, and Barnes & Noble, ensuring a strong customer base and synergistic environment. The property is located in Utah County and offers easy access to major transportation routes. This is a rare opportunity to secure a prominent retail space in a thriving Orem commercial corridor.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Orem
- County
- Utah
- State
- Utah
- Longitude
- -111.687
- Latitude
- 40.2724
- CBSA code
- 39340
- CBSA name
- PROVO-OREM, UT METROPOLITAN STATISTICAL AREA
