1250 E State St | Lehi, UT 84043
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- LoopNet Team
1250 E State St
Lehi, UT 84043
Slim Chickens · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Brand New 20-Year Absolute NNN Lease with Attractive 7.50% Rental Escalations every 5 Years
- Further Guaranteed by L.O.V.E. Restaurant Group, Inc. with 14 Burger King Locations – All Restaurant Locations Back Performance of Lease!
- Excellent Drive-By Visibility, Just East of I-15 (125,964 CPD) where Traffic Counts Exceed 50,570 CPD!
- Mile High Chicken, LLC is an Experienced Operator with 2 Slim Chickens Restaurants
- New, High-Quality Build-to-Suit Construction of Slim Chicken’s Latest Prototype!
- AFFLUENT DEMOGRAPHICS (5-MI): Total Population: 157,029 | Average Household Income: $102,158 | Population Growth 2010-2019 (1-MI): 30.42%!
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
3,877 SF
Building Class
B
Year Built
2020
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.88 AC
Parking
19 Spaces (4.9 Spaces per 1,000 SF Leased)
Frontage
215’ on E State St
AMENITIES
- Pylon Sign
- Drive Thru
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 45-566-0004 | Improvements Assessment | $911,500 |
| Land Assessment | $1,200,000 | Total Assessment | $2,111,500 |
PROPERTY TAXES
Parcel Number
45-566-0004
Land Assessment
$1,200,000
Improvements Assessment
$911,500
Total Assessment
$2,111,500
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