www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
17275386
17275378

3383 Decker Lake Dr, West Valley City, UT 84119

AM
UT UT 6797474-SA00
Newmark Mountain West
Listed by Newmark Mountain West
$2,660,000
780 days on market
Updated 8 days ago

IHOP

Details
APN 15273510280000
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,932
Cap Rate 7.84%
NOI $208,650
Occupancy 100%
Tenancy Single
Brand/Tenant IHOP
Lease Type NNN
Lease Expiration 09/01/2027
Remaining Term 1.2
Lease Options Three (3) Five (5) Year Options
Price per SqFt $677
Year Built 2000
Buildings 1
Stories 1
Zoning C-2
Parking Spaces 75 spaces
Parking Per SqFt 19.07
Investment Type Net Lease

IHOP STNL NNN Investment Property For Sale - PRICE REDUCED

Marketing description

Traffic Counts:

Demographics

One of the most dense population areas in the greater Salt Lake City market

Location

3383 Decker Lake Drive, West Valley City, Utah 84119

Site

Situated on the east side of Decker Lake Drive (2200 West), north of 3500 South

Land Area

The Subject Property consists of one (1) parcel of land totaling approximately 1.03 acres or 44,867 SF of land area

Building Area

The subject property consists of one (1) single tenant building totaling approximately 3,932 SF of gross leasable area

Frontage & Access

Subject Property has 153 SF of frontage along Decker Lake Drive (2200 West).

The subject property has one access point along Decker Lake Drive (2200 West) on the north side of the building.

Traffic Counts:

3500 South 34,571 AADT

Decker Lake Dr. 12,245 AADT

Zoning:

C-2 - General Commercial3500 South 34,571 AADT

Decker Lake Dr. 12,245 AADT

Zoning:

C-2 - General Commercial

Investment highlights

• Corporate guarantee on lease by IHOP Properties, LLC

• This is a 25 year NNN lease through September 2027 with three 5-year options

for renewal

• Proximity to the Maverik Center, home of the ECHL Utah Grizzlies hockey team’s

12,000 seat arena. The Maverik Center also hosts many concerts and events

throughout the year. Approx 200+ events per year!

• Five large hotels located directly west of the subject property on Decker Lake Drive,

with three more hotels to the north on 3100 South and Decker Lake Drive

Listing Contacts

AM
UT UT 6797474-SA00
Newmark Mountain West
Listed by Newmark Mountain West

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$208,650.00
$17,387.50/mo

Valuation Metrics

0
DSCR
7.84%
Cap Rate
7.84%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Andy Moffitt
License
UT 6797474-SA00
Brokerage Phone
801-456-8800
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591