Layton Utah Del Taco
Retail | 5.00% CAP | 3,065 SqFt
Marketing description
Newmark Mountain West is pleased to present the Layton Utah Del Taco, a premier net lease investment opportunity located at 737 N Main, Layton, UT 84041. This property features a 3,065 SF Del Taco restaurant on 0.677 acres, reconstructed in 2009 and operating 24 hours per day, 7 days a week with drive-thru service.
The property is offered at a listing price of $3,176,000 with a 5.00% cap rate and NOI of $158,778. The investment features an absolute NNN lease with Utah Del, Inc., a 37+ store operator, with a 30-year primary lease term commencing November 18, 2009 and expiring November 30, 2039. The lease includes 10% rent increases every 5 years and four 5-year extension options.
Located in the heart of Layton, the property benefits from exceptional access and visibility along Main Street with 23,279 ADT, Hill Field Road with 29,437 ADT, and I-15 with 134,970 vpd. The site is shadow anchored by Walmart Super Center and Layton Hills Mall, surrounded by strong national retailers including KFC, Burger King, Taco Bell, PetSmart, Office Depot, and many others.
Investment highlights
- The Layton location is owned and operated by Utah Del, Inc. Utah Del owns and operates 35+ locations in the state of Utah.
- The Layton restaurant opened in 2009 and has been a top performer for the chain.
- The primary lease term extends for another 14 years with 10 percent increases every 5 years, including option periods.
- The restaurant with drive thru is open 24 hours per day, 7 days a week and is easily accessible from Main Street, Hill Field Road and I-15.
- Located in the heart of Layton, which has recently been rated one of the fasted growing metro areas and one of the top job markets in the state. The site is only 35 minutes out of Salt Lake City and the newly remodeled Salt Lake International Airport.
- The Layton restaurant is shadow anchored by Walmart Super Center and the Layton Hills Mall. Other surrounding retailers include KFC Chicken, Cupbob, Office Depot, Hugs by Hug-Hes, The UPS Store, Burger King, PetSmart, Deseret Book, Cookie Cutters Haircuts, Taco Bell, Einstein Brothers Bagels, IHOP, Batteries Plus, and many others.
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