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33255725
33255723

5546 South 5600 West, West Valley City, UT 84118 For Sale

JF
CA 02100489
Marcus & Millichap - Los Angeles
TB
CA 02116455
Marcus & Millichap - Los Angeles
RN
01324570
Marcus & Millichap - Los Angeles
Listed by Marcus & Millichap - Los Angeles
$2,695,930
48 days on market
Updated 48 days ago

Starbucks | Salt Lake City MSA

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 2,357
Cap Rate 5.75%
NOI $155,016
Occupancy 100%
Tenancy Single
Brand/Tenant Taco Bell, Wendy's (+14)
Lease Type NNN
Lease Term 10.1
Lease Expiration 05/31/2034
Remaining Term 7.9
Rent Bumps Yes
Lease Options 4 x 5 Years
Acreage 0.700
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 05/06/2024
Ground Lease No

New High Quality Construction | 10%/5-Year Rent Increases

Marketing description

Marcus & Millichap is pleased to present a newly constructed freestanding Starbucks drive-thru located along 5600 West (SR-172), one of West Valley City’s most heavily trafficked north–south arterials. The site benefits from exceptional visibility, strong commuter flow, and proximity to major employment centers including Salt Lake City International Airport, Downtown Salt Lake City, and the region’s extensive industrial and logistics corridor.

The asset is secured by a corporate-guaranteed NNN lease, providing stable, predictable income backed by Starbucks Corporation—one of the world’s most recognized and financially robust specialty coffee brands. Scheduled 10% rent increases every five years offer built-in income growth and long-term inflation protection. Landlord responsibilities are limited to roof and structure, supported by a 20-year roof warranty, minimizing near-term capital exposure.

West Valley City is one of the fastest-growing submarkets within the Salt Lake City MSA, supported by strong demographics, high household incomes, and significant ongoing development. Major catalysts—including the planned 800,000 SF University of Utah West Valley Hospital, multiple new residential communities, and large-scale industrial parks—continue to drive population growth, employment expansion, and daily consumer traffic.

This Starbucks represents a rare opportunity to acquire a corporate-backed, long-term NNN drive-thru asset in a high-growth Utah market with exceptional fundamentals and durable demand drivers.

Investment highlights

  • Extremely Well Located in Booming Salt Lake City MSA
  • New High Quality 2024 Construction
  • Large Footprint Freestanding Drive-Thru Positioned Along 5600 West (SR-172), A Major Arterial With ±18,492 VPD
  • Direct Connectivity To SR-201 and Interstate 215, Supporting Strong Commuter Traffic Across the Salt Lake Valley
  • Surrounded By National Retailers Including Costco, Walmart Neighborhood Market, Dutch Bros, VASA Fitness, Walgreens, And Smith’s
  • Dense and Growing Residential Base Across West Valley City, Kearns, and Taylorsville

Listing Contacts

JF
CA 02100489
Marcus & Millichap - Los Angeles
TB
CA 02116455
Marcus & Millichap - Los Angeles
RN
01324570
Marcus & Millichap - Los Angeles
Listed by Marcus & Millichap - Los Angeles

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$155,016.00
$12,918.00/mo

Valuation Metrics

0
DSCR
5.75%
Cap Rate
5.75%
ROI

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Additional Information

Name
Adam Lewis
License
UT 6250302-PB00
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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