Listed by Marcus & Millichap - Denver
$4,050,367
Culver's
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 4,640
Cap Rate 5.75%
NOI $232,896
Occupancy 100%
Tenancy Single
Brand/Tenant Culver's
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 12/29/2036
Remaining Term 10.5
Rent Bumps Yes
Lease Options 5, 5-Years
Price per SqFt $873
Year Built 2021
Acreage 1.000
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 12/30/2021
Ownership Fee Simple
Across from Costco & Walmart | 2% Annual Increases
Marketing description
Investment highlights
- Absolute NNN Lease with over 10-Years remaining and no landlord management or maintenance obligations whatsoever
- Infill Salt Lake City MSA Location | Immediately off of Bangerter Hwy (50,307 VPD)
- Excellent Demographics: $172,807 Avg. HHI (1-Mile Radius)
- Attractive 2% Annual Rent Increases offering compounding rent growth
- 4-Way Signalized Corner | 2021 Construction | Equipped with Drive-through
- Retail Hub Location | Across from Costco & Walmart Anchored Centers and surrounded by other national retailers including Sportsman’s Warehouse, EOS Fitness, Mountain America Credit Union. Dollar Tree, and Mister Car Wash, Burger King, Costa Vida Fresh Mexican Grill, Jiffy Lube, Duck Donuts, VASA Fitness, 7-Eleven and many more
- Culver’s(1) - Renowned Burger Chain with Exceptional Average Unit Volumes. Privately owned American fast-food chain with over 1,000+ locations. Headquartered in Prairie du Sac, Wisconsin and currently operating in 26 States. Annual sales revenues exceed $3.79 Billion and consistently ranked in the Top 25 Fast Food chains in the U.S. by average unit sales volumes, which exceed $3.8M per QSR Magazine
(1) Tenant and Lease Guarantor is a franchisee of Culver’s. Buyer is responsible for verifying during Due Diligence.
Listing Contacts
Listed by Marcus & Millichap - Denver
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
$232,896.00
$19,408.00/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
Map
Zoning
C-C CommercialRetail CommercialCommercial Community
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 73 uses
View all 73 uses Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Title
Name
License
Brokerage
Is there information that looks off?
