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1120 W Center St
Orem, UT 84057
Retail Property For Sale

PROPERTY FACTS
ABOUT 1120 W CENTER ST , OREM, UT 84057
Investors have the opportunity to acquire The Stop, a 5,200 SF C-Store & Gas Station located in Salt Lake City, Utah. The tenant (The Stop) lease commenced on February, 2017, and is on a 15-year NNN with five, 5-year options. Also, the tenant (The Stop) is subleasing space to Fiiz Drinks at $2,500/mo on a 5-year NNN sublease. The operators of The Stop have over 20 years of restaurant operation experience. They have developed over 45 locations for Five Guys Burgers & Fries, 13 locations for Zaxby's, and, most recently, 2 locations for The Stop C-Stores. The operators have incorporated their experience in the food industry into The Stop to provide good and affordable food options for on-the-go dining. Additionally, they have subleased a small portion of their space to include a drive-thru for Fiiz, adding a fun alternative to the regular convenience store fountain soda pop buying experience. Fiiz is a unique specialty drink concept with 18 different locations throughout Utah, Nevada, and Arizona with average sales per unit of $625,000/Year. Fiiz provides a family-friendly environment with non-alcoholic beverage mixes. They are known for their unique soda combinations, sugar cookies They are known for their unique soda combinations, sugar cookies, cupcakes, and Italian sodas.
LINKS
PROPERTY TAXES
| Parcel Number | 55-816-0001 | Improvements Assessment | $1,653,700 |
| Land Assessment | $1,324,600 | Total Assessment | $2,978,300 |
PROPERTY TAXES
Listing ID: 9543549
Date on Market: 10/12/2017
Last Updated:
Address: 1120 W Center St, Orem, UT 84057
The Suncrest Retail Property at 1120 W Center St, Orem, UT 84057 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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