Retail

Chick-fil-A (Ground Lease)

Sandy (Salt Lake City), UT

Price:

$4,982,376

Cap Rate:

4.75%

Absolute NNN

Ground Lease

Lot Size

1.358 AC

Rent-to-Sales Ratio

3.12%

Operating History

20+ Years

Building Size

5,500 SF

INVESTMENT HIGHLIGHTS

Absolute NNN Ground Lease | Zero Landlord Responsibilities
Outstanding Sales Performance | $9.3+ Million (12 Months Ending June 2023)
Impressive Rent-to-Sales Ratio | 3.12% Rent-to-Sales (Includes Percentage Rent)
20+ Year Operational History | Continuous Operation Since 2002 with High Likelihood of Renewal

Premier Location with Proximity to Economic Drivers | The Cairns Mega Development
Excellent Access & Visibility | U.S. 89: 28,000+ VPD
Outparcel to The Shops at South Town Mall | Utah's Largest Shopping Mall at 1.3 Million SF