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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
- -
- -
- -
The Arby's brand purpose is Inspiring Smiles Through Delightful Experiences™. Arby's delivers on its purpose by celebrating the art of Meatcraft® with a variety of high-quality proteins and innovative, crave-able sides, such as Curly Fries and Jamocha shakes. Arby's Fast Crafted® restaurant services feature a unique blend of quick-serve speed combined with the quality and made-for-you care of fast casual. Arby's Restaurant Group, Inc. is the franchisor of the Arby's Brand and is part of the Inspire Brands family of restaurants headquartered in Atlanta, Ga. Arby’s, founded in 1964, is a leading sandwich drive-thru restaurant brand with restaurants globally.
| 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 | $1,019,300 |
| Land Assessment | $507,500 | Total Assessment | $1,526,800 |
Property Taxes
Parcel Number
18-047-0081
Land Assessment
$507,500
Improvements Assessment
$1,019,300
Total Assessment
$1,526,800
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