991 N 400 Way - Restaurant FOR SALE


Layton, UT 84041
$3,786,408 USD
513-300-0763
991 N 400 Way, Layton, UT for Sale
$3,786,408 USD
Restaurant - FOR SALE
1/11
null | 5.15% Cap Rate

991 N 400 Way
Layton, UT 84041


HIGHLIGHTS

  • Passive Lease Structure |Zero Landlord Responsibilities-features an absolute NNN lease structure prospective buyer with a truly management-free invest
  • Long-Term Lease | Contractual Rental Increases - First Watch recently executed a brand new 15-year lease with attractive 10% increases every 5 years.
  • Up & Coming Dine-In Concept | 2,000+ Locations by 2030 - It has increased its year-over-year revenue by nearly 14% in 2024 surpassing the $1B figure.
  • Prime Retail Positioning | Out-Parcel to Layton Hills Mall - Anchored by Dillard’s, Dick’s Sporting Goods, Cinemark, JCPenney,Seaquest Aquarium.
  • Extremely Dense, Affluent Community | Stable Demographics -Layton’s strength lies in the stability of its population base.
  • 200,000 people within 5 mile radius of subject site with annual household incomes of $125,000. Layton was recently ranked 1 of Safest Suburbs.

OVERVIEW

Introducing "Veterans Memorial Hwy-134 Retail Plaza" at 991 Hill Field Rd, Layton, UT, a lucrative investment opportunity! Featuring a newly constructed 5,897 SF building on a prime 1.82 AC lot, this property boasts a long-term 15-year Absolute NNN lease with First Watch, a rapidly growing dine-in concept with over 2,000 projected locations by 2030. With a solid lease structure offering zero landlord responsibilities and contractual rent increases every 5 years, this investment provides a hassle-free, passive income stream. Situated as an out-parcel to Layton Hills Mall, which sees 3.9M annual visitors, the property benefits from a bustling retail environment with major anchor tenants and planned $5M+ renovations. Located just 20 minutes from Downtown Salt Lake City, an epicenter of growth in the Sunbelt region, this property offers a strategic investment opportunity in a high-traffic area. Don't miss out on owning a piece of this thriving market and capitalize on the potential of "Veterans Memorial Hwy-134 Retail Plaza"!

FOR SALE DETAILS

PRICE

$3,786,408 USD

PRICE/SF

$642 USD /SF

CAP RATE

5.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Former Denny's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.82 AC

LAND SF

79,279 SF

ZONING

CP-3

APN/PARCEL ID

10-317-0001

ASK ABOUT THIS PROPERTY

Brian BrockmanBang RealtyMore Info
513-300-0763

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Brian BrockmanBang RealtyMore Info
513-300-0763

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