3019 5600 w - Retail FOR SALE


West Valley City, UT 84120
$2,400,000 USD
918-794-9512
3019 5600 w, West Valley City, UT for Sale
$2,400,000 USD
Retail - FOR SALE
1/1
null | 5% Cap Rate

3019 5600 w
West Valley City, UT 84120


HIGHLIGHTS

  • NEW ABSOLUTE NNN GROUND LEASE WITH INCREASES
  • CORPORATE GUARANTY
  • EXPANDING CONCEPT WITH LIMITED COMPETITION
  • DOMINANT RETAIL TRADE AREA NEAR CENTENNIAL PARK
  • BELOW MARKET RENTS
  • OUTPARCEL TO HIGH-TRAFFIC SHOPPING CENTER

OVERVIEW

Northmarq, on behalf of Ownership as its exclusive advisor, is pleased to offer for sale the ground lease located at 3019 S 5600 W in West Valley City, UT (the “Property”). Encompassing ±5,780 SF on ±1.43 acres, the Property represents recent 2025 construction and is occupied by LongHorn Steakhouse, operating under a 10-year absolute NNN ground lease with full term remaining and zero landlord responsibilities. The Lease also includes 10% rental increases every 5 years.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$415 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

LongHorn Steakhouse (Ground Lease)

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Gill WarnerNorthmarqMore Info
918-794-9512

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Gill WarnerNorthmarqMore Info
918-794-9512

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.