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Property profile & analytics
FOR LEASE
Turn key restaurants

340 E University Pkwy Orem, UT 84058

7,947 SF 12.9 ac lot Built 2003
Entity Owned Absentee Owner Free & Clear
Property ID
US86-0954593
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2003
Total area 7,947 SF
Lot 12.9 ac (561,968 SF)
APN 57-086-0005
UPID US86-0954593
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Burlington Baby Clothing Store Children'S Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
UNIVERSITY CROSSING SHOPPING CENTER LLC
UNIVERSITY CROSSING SHOPPING CENTER LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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