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.