IHOP | 3383 Decker Lake Dr
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IHOP 3383 Decker Lake Dr
3,932 SF Retail Building Salt Lake City, UT 84119 $2,800,000 ($712/SF) 7.45% 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
3,932 SF
Building Class
B
Year Built
2000
Price
$2,800,000
Price Per SF
$712
Cap Rate
7.45%
NOI
$208,650
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Land Acres
1.03 AC
Opportunity Zone
Yes
Zoning
C-2 - Commercial
Parking
75 Spaces (19.07 Spaces per 1,000 SF Leased)
Frontage
150 FT 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 | $1,510,500 |
| Land Assessment | $621,700 | Total Assessment | $2,132,200 |
PROPERTY TAXES
Parcel Number
15-27-351-028-0000
Land Assessment
$621,700
Improvements Assessment
$1,510,500
Total Assessment
$2,132,200
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Andy Moffitt -
Mountain West Commercial
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IHOP | 3383 Decker Lake Dr
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