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1150 S State St 3,520 SF Retail Building Orem, UT 84097 $2,300,000 ($653.41/SF)
Investment Highlights
- Freestanding Drive Thru on State Street, Great Visbility and Traffic
- Large Pylon Signage and Parking Lot Available
- Across from University Place, great co-tenancy with Dillard's, Trader Joe's and RC Willey
Executive Summary
- For SALE or LEASE, former Arby's
- Lot Size: 0.56 AC
- Sale Price: $2,300,000
- Lease Price: $40 PSF NNN
- Lot Size: 0.56 AC
- Sale Price: $2,300,000
- Lease Price: $40 PSF NNN
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,520 SF
Building Class
C
Year Built
1984
Price
$2,300,000
Price Per SF
$653.41
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.56 AC
Parking
20 Spaces (5.68 Spaces per 1,000 SF Leased)
Frontage
82’ on S State
Amenities
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Arby's began in Boardman, Ohio, in 1964, founded by Forrest and Leroy Raffel as a fast-food sandwich concept built around roast beef. The company operates as a sandwich restaurant chain within Inspire Brands, with a menu centered on slow-roasted roast beef, turkey, and premium Angus beef sandwiches, along with salads, sides, and beverages. The company has expanded beyond its original roast beef focus while maintaining a franchised restaurant model and a presence across the United States and select international markets.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 3,520 SF
- Restaurant
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 3,520 SF | Restaurant | - | Now |
1st Floor
| Size |
| 3,520 SF |
| Space Use |
| Restaurant |
| Position |
| - |
| Available |
| Now |
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 18-047-0081 | Improvements Assessment | $798,800 |
| Land Assessment | $716,200 | Total Assessment | $1,515,000 |
Property Taxes
Parcel Number
18-047-0081
Land Assessment
$716,200
Improvements Assessment
$798,800
Total Assessment
$1,515,000
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