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28-50 East 2100 South, Salt Lake City, UT , 84115
  • Size SF 3,860
  • Built/Renov2024
  • Price/SF$2,646
  • Lease Start11-01-2024
  • Rent/SF$92.62
  • Lease Type Abs NNN
  • Lot/AC1.58
  • Pop 5MI368,852

10,215,000

  • Cap Rate 3.50%
  • NOI $357,526
  • R. Term/Yrs 19.10
  • Guarantor Corporate
  • # Units 400
  • New construction

  • Hard corner intersection

  • Major thoroughfare

  • Near major nationals

  • Strong demographics

  • New development zone

  • Brand new lease

  • Absolute NNN

  • Corporate Guarantee

  • Over 100 Units backed

  • ...

  • Brand new 20-year absolute NNN ground lease with four 5-year option periods
  • Lease features 10% rental increases every 5 years, ensuring inflation-resistant cash flows
  • Zero landlord responsibilities | Absolute NNN Lease
  • Corporate guarantee from In-N-Out Burger, a best-in-class national tenant
  • New 3,860 SF construction with drive-thru on 1.58-acre parcel
  • Prime hard-corner, signalized intersection with 66,100+ vehicles per day
  • Additional billboard lease income with 12% rent bumps every 5 years
  • Located near Costco, Home Depot, WinCo, McDonald’s, Starbucks, and more

  • Tenant In-N-Out Burger
  • Guarantor Corporate
  • #Units 400

In-N-Out Burger is an American regional chain of fast food restaurants with locations primarily in California and the Southwest. It was founded in Baldwin Park, California, in 1948 and is currently headquartered in Irvine, California. The company has expanded outside of Southern California into the rest of the state, as well as into Arizona, Nevada, Utah, Texas, Oregon, and Colorado. As the chain has expanded, it has opened several distribution centers in addition to its original Baldwin Park location. The new facilities will provide for potential future expansion into other parts of the country. In-N-Out Burger has chosen not to franchise its operations or go public in order to maintain food quality and customer consistency due to excessively rapid business growth. The In-N-Out restaurant chain has developed a highly loyal customer base and has been rated as one of the top fast food restaurants in several customer satisfaction surveys.


 

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28-50 East 2100 South, Salt Lake City, UT , 84115
  • Size SF 3,860
  • Built/Renov2024
  • Price/SF$2,646
  • Lease Start11-01-2024
  • Rent/SF$92.62
  • Lease Type Abs NNN
  • Lot/AC1.58
  • Pop 5MI368,852

10,215,000

  • Cap Rate 3.50%
  • NOI $357,526
  • R. Term/Yrs 19.1
  • Guarantor Corporate
  • # Units 400
  • New construction

  • Signalized intersection

  • Dense retail corridor

  • Near major nationals

  • Top 100 MSA

  • Strong demographics

  • Brand new lease

  • Long 20+ yr lease

  • Absolute NNN

  • Corporate Guarantee

  • ...
  • Brand-new 2024 construction
  • New 20-year ground lease with 4 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the initial term and option periods
  • Additional revenue from Reagan Billboard lease | 12% rent bumps every 5 years
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease
  • Tenant In-N-Out Burger
  • Guarantor Corporate
  • #Units 400
  • Stock Private

In-N-Out Burger is an American regional chain of fast food restaurants with locations primarily in California and the Southwest. It was founded in Baldwin Park, California, in 1948 and is currently headquartered in Irvine, California. The company has expanded outside of Southern California into the rest of the state, as well as into Arizona, Nevada, Utah, Texas, Oregon, and Colorado. As the chain has expanded, it has opened several distribution centers in addition to its original Baldwin Park location. The new facilities will provide for potential future expansion into other parts of the country. In-N-Out Burger has chosen not to franchise its operations or go public in order to maintain food quality and customer consistency due to excessively rapid business growth. The In-N-Out restaurant chain has developed a highly loyal customer base and has been rated as one of the top fast food restaurants in several customer satisfaction surveys.

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