1192 W Highway 40 - Fast Food FOR SALE


Vernal, UT 84078
$2,335,000 USD
918-794-9512
1192 W Highway 40, Vernal, UT for Sale
$2,335,000 USD
Fast Food - FOR SALE
1/1
null | 7% Cap Rate

1192 W Highway 40
Vernal, UT 84078


HIGHLIGHTS

  • Passive NNN Lease
  • Drive-Thru QSR Concept
  • Solid Lease Term with Favorable Renewal Options
  • Fixed Rental Increases
  • Growing Community
  • Rare Mountain West Investment Opportunity

OVERVIEW

The Property comprises a 1,496 square foot building with 19 drive-in stalls and drive-thru accessibility on 0.67 acres. The Property is positioned as an outparcel to Diamond Mountain Shopping Center, a center comprising 3 buildings totaling 96,000 square feet and anchored by C-A-L Ranch Stores. The Property is leased by Vernal Drive In, LLC (“Tenant”), a franchisee doing business as Sonic Drive-In, the largest chain of drive-in restaurants in America. Sonic Drive-In comprises a system-wide network of 3,493 locations in 46 U.S. states.

FOR SALE DETAILS

PRICE

$2,335,000 USD

PRICE/SF

$1,561 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sonic Drive-In

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

-

APN/PARCEL ID

05-012-0206

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 Policy.