Contacts
Adam Malan
Deana Marcello
Grant Lammersen
Property Details
- Property Type Retail
- Lot Size 0.35 SF
- Additional Rent Contact for pricing
- Building Class A
- Year Built 2023
- Date Updated Nov 15, 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.
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
Getting around
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43/100
Walk Score ®
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41/100
Bike Score ®
Location
- City Riverton, UT
- Zip Code 84096
- Market Salt Lake City
Points of Interest
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4800 West Old Bingham Highway
5.09 miles
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Crescent View
6.69 miles
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Sandy Expo
7.68 miles
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Lehi
7.74 miles
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Historic Gardner
7.87 miles
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Historic Sandy
8.08 miles
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Bingham Junction
8.65 miles
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Midvale Center
8.91 miles
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Harmons Gas
0.36 miles
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Maverik
0.40 miles
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Chevron
0.55 miles
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Walmart
0.82 miles
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Holiday Oil
1.00 miles
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Murphy Express
1.06 miles
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Smith's Fuel
1.43 miles
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Tesla Supercharger
5.07 miles
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ChargePoint
6.11 miles
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Daybreak RV Parking
2.33 miles
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Daybreak Parkway Park and Ride
2.64 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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Draper Station Parking
4.81 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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Butterfield Trailhead Regional Park Temporary Parking
4.99 miles
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Vista Station Parking
5.00 miles
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Panera Bread
0.03 miles
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WildFin
0.07 miles
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R&R Barbeque
0.10 miles
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Stack 571 Burgers
0.10 miles
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Dirty Bird Fried Chxx
0.11 miles
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Houston Hot Chicken
0.11 miles
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Silverlake Ramen
0.12 miles
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Toastique
0.13 miles
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Kona Grill
0.15 miles
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Zao Asian Cafe
0.15 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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Lee's Marketplace
1.78 miles
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WinCo Foods
2.00 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
