3383 Decker Lake Dr - Restaurant FOR SALE


Salt Lake City, UT 84119
$2,660,000 USD
801-520-0136
3383 Decker Lake Dr, Salt Lake City, UT for Sale
$2,660,000 USD
Restaurant - FOR SALE
1/18
null | 7.84% Cap Rate

3383 Decker Lake Dr
Salt Lake City, UT 84119


HIGHLIGHTS

  • Corporate guarantee on lease by IHOP Properties, LLC
  • This is a 25 year NNN lease through September 2027 with three 5-year options for renewal
  • Proximity to the Maverik Center, home of the ECHL Utah Grizzlies hockey team’s 12,000 seat arena. The Maverik Center also hosts many concerts and even

OVERVIEW

• Corporate guarantee on lease by IHOP Properties, LLC • This is a 25 year NNN lease through September 2027 with three 5-year options for renewal • Proximity to the Maverik Center, home of the ECHL Utah Grizzlies hockey team’s 12,000 seat arena. The Maverik Center also hosts many concerts and events throughout the year • Five large hotels located directly west of the subject property on Decker Lake Drive, with three more hotels to the north on 3100 South and Decker Lake Drive

FOR SALE DETAILS

PRICE

$2,660,000 USD

PRICE/SF

$647 USD /SF

CAP RATE

7.84%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

C-2

APN/PARCEL ID

15-27-351-028-0000

ASK ABOUT THIS PROPERTY

Andy MoffittMountain West CommercialMore Info
801-520-0136

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Andy MoffittMountain West CommercialMore Info
801-520-0136

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