10396 Riv Hts Dr South Jordan, UT 84095-9058
Property profile & analytics
10396 Riv Hts Dr South Jordan, UT 84095-9058
- Drive through restaurants
- 3,860 SF
- 0.72 lot acres
Property ID
US86-0208172
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Drive through restaurants
Property Details for 10396 Riv Hts Dr
- Year built
- 2015
- Lot size
- 0.72 lot acres
- Property size
- 3,860 SF
- Zone code
- C-C
- Property type
- Drive through restaurants
- APN
- 27-17-201-037
- APU
- 2717201037
Description
This exceptional investment opportunity presents a 3,860-square-foot Burger King located at 10396 South River Heights Drive in South Jordan, Utah, 84095. The property boasts a strong 10.3 years remaining on an absolute triple-net (NNN) lease, commencing November 1, 2020, and expiring February 19, 2035, with four 5-year renewal options. The franchisee tenant provides a secure investment with zero landlord responsibilities. The property features a double-lane drive-thru, enhancing operational efficiency and customer convenience. Built in 2015, this strategically located restaurant sits on a 0.72-acre lot within a prime retail corridor of South Jordan, a suburb of Salt Lake City, less than 30 minutes away. The property benefits from high visibility and traffic volume, exceeding 40,000 vehicles per day on West South Jordan Parkway and over 60,000 vehicles per day off of Bangerter Highway. Its proximity to major retailers like Walmart, Costco, and others further strengthens its position. The strong demographics of the area, with a population of 122,911 within a 3-mile radius and an average household income of $148,596, contribute to the property's consistent performance. The lease includes 10% rent increases every five years, with the next increase scheduled for 2025. The current net operating income (NOI) is $158,400, resulting in a 4.95% cap rate and a price per square foot of $829.02. The asking price for this exceptional investment is $3,200,000. Salt Lake City's proximity to six major ski resorts and its ranking among the top ten fastest-growing cities in the U.S. further enhance the long-term investment potential.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- South Jordan
- County
- Salt Lake
- State
- Utah
- Longitude
- -111.973
- Latitude
- 40.5624
- CBSA code
- 41620
- CBSA name
- SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$35,550
$1,050,700
$2,452,100
$3,502,800
-
$1,050,700
$2,452,100
$3,502,800
