76 E University Pky - Fast Food FOR SALE
Orem, UT 84058 |
76 E University Pky
Orem, UT 84058
HIGHLIGHTS
- ABSOLUTE NNN GROUND LEASE Ideal Passive Investment
- LONG TERM LEASE Just under 15 years remaining with strong 10% increases to the rent every 5 years
- HIGH DENSITY LOCATION Site Benefits from over 55k VPD and a growing population which boasts populous demos and median avg hh income north of $80k
- HEART OF RETAIL CORRIDOR Immediate Neighboring tenants include Lowe’s, Trader Joe’s, Univ Place Shopping Mall, and Walmart Supercenter.
- WKS Restaurant Group is largest El Pollo Loco Franchisee with over 65 stores. WKS is a franchisee of 381 restaurant locations total.
- SMALLER PRICE POINT / SUSTAINABLE RENT Low Rent in today's rent inflated market also provides a more attractive lower price
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
El Pollo Loco
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Restaurant
TOTAL BUILDING SIZE
3000
STORIES
1
YEAR BUILT
2018
SPRINKLERS
-
PARKING SPACES
27
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
57-105-0001
