231 Edison St Ste C Salt Lake City, UT 84111-5279

This exceptional investment opportunity presents a thriving 5,706 square foot restaurant located at 231 S Edison St, Salt Lake City, UT 84111. The property, part of the prestigious Warhol Lofts building, is currently 100% occupied by Franklin Ave Cocktails & Kitchen under a triple-net (NNN) lease with a strong guarantor. The lease generates $173,376 annually, with a 6% cap rate and 3% annual rent increases. The lease extends until November 30th, 2033, with four 5-year renewal options, providing significant long-term stability. The asking price is $2,800,000, translating to $490.71 per square foot. This prime location in downtown Salt Lake City offers high visibility, significant foot traffic, and proximity to popular attractions and amenities. The property's historic charm and flexible floor plan present a unique opportunity for continued success. The property is zoned for retail and restaurant use, and potential exists for outdoor seating or display. This is a rare chance to acquire a high-performing asset in a desirable urban setting. The APN is 16-06-186-009.