Shake Shack NNN Property For Sale — Riverton, UT
4415 Tree Sparrow Drive, Riverton, UT 84096
This offering presents a newly constructed, single-tenant Shake Shack featuring a drive-thru, strategically located within Mountain View Village—an 85-acre mixed-use development that is part of a larger 600-acre master-planned community in the Salt Lake City, UT MSA. The property benefits from a 10-year absolute triple-net (NNN) ground lease, which includes percentage rent and attractive 10% rent escalations every five years, along with renewal options. Positioned with excellent frontage on 13400 South, the site boasts combined traffic counts exceeding 47,827 vehicles per day.Mountain View Village is a significant regional draw, attracting visitors from up to 25 miles south of downtown Salt Lake City with its diverse array of shops and restaurants. Anchored by major national co-tenants su…
- Address: 4415 Tree Sparrow Drive, Riverton, UT 84096
- Asking price $4.70M
- 5.00% cap rate
- NOI $235,000
- 10 years remaining
- NNN lease
- Year built: 2023
- Building size: 3,529 SF
- Lot size: 0.35 acres
- Rent increases: 10% rent increases every five years
- Guarantor: Corporate
Location
This Shake Shack property is at 4415 Tree Sparrow Drive in Riverton, Utah.
Asset type: Restaurant