3975 West 4700 South Taylorsville, UT 84118
- 4,076 Square Feet
- For Sale
Located directly across the street from Home Depot and Smith’s, Burger King is comprised of 4,076 square feet that is situated on an outparcel of approximately 0.30 acres. The lease expires in June 2023 and has 4-5 year option periods. The lease calls for the greater of 10% or CPI increases every 5 years, including all option periods. The upcoming rent bumps occurs in less than 2 years. The tenant has successfully operated at this location since 1989. Generating over $2M in annual sales, this is a high performing Burger King store. Relative to the national average, which is $1.4M per annum in store sales, this store operates approximately 50% higher than the average Burger King store. The lease is signed and guaranteed by a 10 unit franchisee operator of Burger Kings. This is an excellent opportunity to purchase a high performing, low risk Burger King store with fixed rental increases every 5 years within an established, proven retail trade area.
Property Status: Absolute NNN Lease (Fee Simple)
Building Size: 4076 Square Feet
Area Available: 4,076 Square Feet