- For Sale $4,639,000
- Property Type Retail
- Property Size 5,329 SF
- Lot Size 0.35 SF
- Building Class A
- Year Built 2023
- Date Updated Apr 28, 2024
Colliers is pleased to exclusively offer for sale a new construction single tenant net-leased Shake Shack with drive-thru located within Mountain View Village – an 85-acre mixed use destination that is part of a 600-acre master development featuring additional residential, office, and retail, in the Salt Lake City, UT MSA.
The asset benefits from a 10-Year Absolute NNN ground lease with percentage rent and 10% rent increases every five years, including options, along with frontage on 13400 South and combined traffic counts in excess of ±47,827 VPD.
Mountain View Village has been drawing people 25 miles south of downtown Salt Lake with its vast amount of must-visit shops and restaurants. Notable national co-tenants include Harmons, Cinemark, Sephora, Nike, Michaels, Burlington, PetSmart, Kona Grill, and more. The project is in Phase III of development with additional retail, office, medical, hotel, and a future Trax Line transit line extension. Upon completion of the Mountain View Village project, Mountain View Corridor is projected to carry ±165,000 VPD.
The asset is surrounded by affluence with nearby neighborhoods that are well known for being impressive in size and finishes servicing ±199,462 residents with an annual household income of ±$142,301 within a 5-mile radius. With the surrounding trade area growth and adjacent development, this property provides investors with a stable investment opportunity for years to come.
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Contacts
Adam Malan
Deana Marcello
Grant Lammersen
Location
Getting Around
-
Walk Score ®
43/100
Car-Dependent
-
Bike Score ®
41/100
Somewhat Bikeable
- City Riverton, UT
- Zip Code 84096
- Market Salt Lake City
Points of Interest
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Daybreak Parkway
2.66 miles
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South Jordan Parkway
3.80 miles
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5600 West Old Bingham Highway
4.48 miles
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Draper
4.85 miles
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4800 West Old Bingham Highway
5.09 miles
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Jordan Valley
6.13 miles
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South Jordan
6.31 miles
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2700 West Sugar Factory Road
6.62 miles
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Crescent View
6.69 miles
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Kimballs Lane
6.80 miles
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Harmons Gas
0.36 miles
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Holiday Oil
0.55 miles
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Maverik
1.04 miles
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Maverik
1.27 miles
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Smith's Fuel
1.43 miles
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Holiday
1.53 miles
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Chevron
1.56 miles
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Maverick Gas
2.22 miles
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Chevron
2.39 miles
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7-Eleven
2.41 miles
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Daybreak RV Parking
2.33 miles
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Indigo Sky Way
4.45 miles
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Church Parking Lot
4.52 miles
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Mt. Jordan Park Parking
4.79 miles
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Seminary Parking Lot
4.90 miles
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Academy Mortgage Parking Lot
4.94 miles
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Vista Station Parking
5.01 miles
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Vista Station Parking
5.07 miles
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Kennecott Visitor Experiance
5.31 miles
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Park 'n' Ride
5.34 miles
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Dirty Bird Fried Chxx
0.11 miles
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Silverlake Ramen
0.12 miles
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Shabu Gen Korean BBQ
0.15 miles
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Kona Grill
0.15 miles
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Zupas
0.15 miles
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Las Botellas
0.22 miles
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Santorini's Greek Grill
0.22 miles
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MOD Pizza
0.23 miles
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Capriotti's Sandwich shop
0.24 miles
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Ichi Japan Express
0.25 miles
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Ross
0.26 miles
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TJ Maxx
0.28 miles
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Harmons
0.34 miles
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Burlington
0.36 miles
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Walmart Neighborhood Market
0.81 miles
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Walmart Supercenter
0.98 miles
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Kohl's
0.98 miles
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Smith's
1.44 miles
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WinCo Foods
2.00 miles
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Sprouts Farmers Market
2.34 miles
Frequently Asked Questions
What is the lease rate for STNL Shake Shack?
Rental asking rate at STNL Shake Shack is $2,319,500.00/YR.
What is the total square footage of STNL Shake Shack?
STNL Shake Shack totals 5,329 square feet.
When was this property built?
STNL Shake Shack was built in 2023.
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