In-n-Out - Fast Food FOR SALE


Salt Lake City, UT 84115
$10,215,000 USD
949-724-5552
In-n-Out, Salt Lake City, UT for Sale
$10,215,000 USD
Fast Food - FOR SALE
1/6
null | 3.5% Cap Rate

In-n-Out
Salt Lake City, UT 84115


HIGHLIGHTS

  • Extremely Rare Opportunity - In-N-Out Burger - South Salt Lake City, UT
  • Brand New Absolute NNN Ground Lease - Zero Landlord Responsibilities
  • Generational Asset – 20 Yr. Primary Term - Four 5-Year Option Periods
  • Inflation Resistant Cash Flows - 10% Rental Increases Every 5 Years
  • Additional Revenue from Reagan Billboard Lease - 12% Rent Bumps Every 5 Years
  • Over 400 Locations Across Eight States - Only 12 Locations in Utah

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer to qualified investors a rare opportunity to acquire In-N-Out Burger in South Salt Lake City, UT. This generational asset comprises a brand new 20-year absolute NNN ground lease with four 5-year option periods, 10% rent increases every 5 years, additional billboard revenue and no landlord responsibilities generating internet resistant cash flows for years to come. In-N-Out Burger is annually voted the #1 Hamburger and is best in class for fast food quick service restaurants. The new construction 3,860 SF building with drive-thru on 1.58 acre parcel is strategically located on the hard corner signalized intersection of S Main Street and 2100 South, which has a combined traffic count exceeding 66,100 VPD, and is within close proximity to Interstate 15 (Over 311,000 VPD) and Interstate 80 (Over 136,000 VPD). Nearby retailers include The Home Depot, Costco, WinCo Foods, McDonald’s, Raising Cane’s, Chipotle, Jack in the Box, Starbucks and more. This is an exquisite opportunity to secure a trophy In-N-Out Burger in Salt Lake City (MSA population exceeding 1.26 million) with a corporate guarantee, rent increases, zero landlord duties, and a best in class tenant providing effortless income for years to come.

FOR SALE DETAILS

PRICE

$10,215,000 USD

PRICE/SF

$2,646 USD /SF

CAP RATE

3.5%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Legacy Asset- Best in Class Brand

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Drug Store, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.58 AC

LAND SF

68,719 SF

ZONING

CC

APN/PARCEL ID

16-19-103-018-0000,16-19-103-021-0000

ASK ABOUT THIS PROPERTY

Jereme SnyderColliersMore Info
949-724-5552

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Jereme SnyderColliersMore Info
949-724-5552

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