3383 Decker Lake Dr
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3383 Decker Lake Dr
4,114 SF Retail Building Salt Lake City, UT 84119 $3,837,422 CAD ($932.77 CAD/SF) 7.84% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate guarantee on lease by IHOP Properties, LLC
- Proximity to the Maverik Center, home of the ECHL Utah Grizzlies hockey team’s 12,000 seat arena. The Maverik Center also hosts many concerts and even
- This is a 25 year NNN lease through September 2027 with three 5-year options for renewal
EXECUTIVE SUMMARY
• Corporate guarantee on lease by IHOP Properties, LLC
• This is a 25 year NNN lease through September 2027 with three 5-year options for renewal
• Proximity to the Maverik Center, home of the ECHL Utah Grizzlies hockey team’s 12,000 seat arena. The Maverik Center also hosts many concerts and events throughout the year
• Five large hotels located directly west of the subject property on Decker Lake Drive, with three more hotels to the north on 3100 South and Decker Lake Drive
• This is a 25 year NNN lease through September 2027 with three 5-year options for renewal
• Proximity to the Maverik Center, home of the ECHL Utah Grizzlies hockey team’s 12,000 seat arena. The Maverik Center also hosts many concerts and events throughout the year
• Five large hotels located directly west of the subject property on Decker Lake Drive, with three more hotels to the north on 3100 South and Decker Lake Drive
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,114 SF
Building Class
B
Year Built
2000
Price
$3,837,422 CAD
Price Per SF
$932.77 CAD
Cap Rate
7.84%
NOI
$301,007 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.03 AC
Opportunity Zone
Yes
Zoning
C-2 - Commercial
Parking
75 Spaces (19.07 Spaces per 1,000 SF Leased)
Frontage
150’ on Decker Lake Dr
AMENITIES
- Bus Line
- Pylon Sign
- Signage
Walk Score®
Very Walkable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 15-27-351-028-0000 | Improvements Assessment | $2,142,327 CAD |
| Land Assessment | $881,751 CAD | Total Assessment | $3,024,078 CAD |
PROPERTY TAXES
Parcel Number
15-27-351-028-0000
Land Assessment
$881,751 CAD
Improvements Assessment
$2,142,327 CAD
Total Assessment
$3,024,078 CAD
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3383 Decker Lake Dr
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