991 N 400 Way - Restaurant FOR SALE
Layton, UT 84041 |
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.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
First Watch Restaurant
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
5897
STORIES
1
YEAR BUILT
1981
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
10-317-0001
