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    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 Jewelry Store Men'S Clothing Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    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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    More about this property
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