335 12TH ST Ogden UT 84404-5712

We are pleased to present a rare opportunity to purchase a brand new completely remodeled building (2021) single tenant absolute NNN lease drive-thru asset leased to The Habit Burger corporate (subsidiary of Yum! Brands) on a new 15 year absolute NNN ground lease. The subject property is very well positioned on 12th St in Ogden, UT (Salt Lake City) near the intersection of Washington Blvd with major retailers such as Chick-fil-A, McDonald’s, Starbucks, The Home Depot, WinCo, Natural Grocers, Verizon, Wendy’s, Panda Express all in close proximity surrounding the property.

Additionally, the site benefits from strong traffic counts with over 52,400 VPD combined at 12th St and Washington Blvd. Sitting on almost an acre of land (0.93 acres) with a 3,614 SF drive-thru building, the property has excellent site fundamentals with great visibility and easy access from both 12th St and Washington Blvd. Further demonstrating the strength of this retail location, Dutch Bros will be building a brand new store directly across from the subject property. This is an excellent opportunity to purchase a brand new completely remodeled building, 15 year absolute NNN corporate ground lease, leased to one of the strongest burger restaurant brands in the U.S., with fixed rental increases (10% every 5 years), and exceptionally well located with great real estate fundamentals.

• Brand New Completely Remodeled Building (2021)
• 15 Year Absolute NNN Corporate Ground Lease – The Habit Burger – Owned by Yum! Brands
• Strong Credit Tenant – Yum! Brands Recently Acquired The Habit in March 2020
• Zero Landlord Responsibilities – Tenant Pays all Expenses Directly Ideal 1031 Exchange Asset
• Inflation Hedge – 10% Increases Every 5 Years Including Option Periods (4 – 5 Year Options)
• Heavily Trafficked Intersection – Over 52,400 VPD at 12th St and Washington Blvd
• Strong Site Fundamentals – 0.93 Acre Site – Approximately 3,614 SF Drive-Thru Building
• Nearby Retailers Include Chick-fil-A, McDonald’s, Starbucks, The Home Depot, WinCo, Natural Grocers, Wendy’s, Panda Express, Taco Bell, Verizon, KFC, Arby’s, Black Bear Diner
• Close Proximity to Weber State University - Over 29,000 Student Enrolled
• Across from Brand New Planned Dutch Bros Going in Directly Across from Subject Property
• Strong Demographics – Over 144,065 Residents within a 5 Mile Radius
• Average Household Income of Over $76,577 within a 5 Mile Radius

• This Property has a size of 0.93 Acres