480 W ANTELOPE DR Layton UT 84041-1600

For Sale

$3,400,000 USD

• Freestanding, single-tenant drive-thru retail, secured by an absolute NNN lease to a prominent regional brand with 40+ corporate-owned locations

• Strategically positioned adjacent to the I-15 corridor in a dominant retail node. High visibility to approximately 28,000 vehicles per day (AADT 2024)

• Best in class national co-tenancy, including Starbucks, Target, Chick fil A, Crumbl Cookies, Black Rifle Coffee, Cafe Zupas, Maverik, and Discount Tire

Investment Highlights

• List price $3,400,000

• CAP rate 6.05%

• Annual NNN base rent $205,700 priced on 2/27 rent increase

• Absolute net lease - No Landlord Responsibilities

• Six years remaining on initial 15 year term

• Four (4), 5-Year Option Periods with 10% Rent Increases Every 5 Years

• Building Size: 4,044 SF

• Parcel Size: 0.94 Acres

• Constructed 2011, Renovated 2017
  

Tenant Highlights

• Quick Service Retail Artisan Bakery-Café

• Established brand since 1997 with 40 corporate-owned locations across seven states, including 22 locations in Utah

• Specializing in made-from-scratch artisan breads, pastries, sandwiches, soups, and salads

• $97.1 Million in 2024 Sales (Zoominfo.com)

• All stores are corporate owned, with leases guaranteed by Kneaders & Associates, a Utah LL

• Daypart diversification with strong breakfast, lunch, and dinner traffic
  

Location Highlights

• Interstate corridor retail node with strong national and regional co-tenancy

• Adjacent to best in class national co tenancy, including Starbucks, Target, Chick fil A, Crumbl Cookies, Black Rifle Coffee, Cafe Zupas, Maverik, and Discount Tire

• 28,000 vehicles per day. Less than half a mile from the I-15 (135,000 VPD / Antelope Drive interchange (61,000 VPD)

• Key County Submarket Along I-15 Corridor in Layton, UT just 25 minutes north of Salt Lake City

• City of Layton is the second largest retail market north of Salt Lake City and the seventh largest in Utah, it is also the most populous city in Davis County and the ninth most populous in Utah

• Layton contributes $2.4 billion in annual taxable retail sales (2024) which is 26.8% of Davis County overall retail volume

• 1 Mile from Hill Air Force Base, Utah’s Largest Employer, with 26,893 employees and $12.7 Billion Annual Economic Impact 2024

• City of Layton is the #2 business friendly city in Utah - B2B Review 2025

• Utah regularly ranks among the best states for business, careers, living, health & quality of life

• Utah ranked as the #1 best state to move to – Consumer Affairs (August 2024)

• Utah is the #3 best state in the U.S. for growth - U.S. News & World Report (August 2022)