1622 N 1000 W
Layton, UT 84041
Applebee's: Layton, UT · Retail Property For Sale

The CBRE Net Lease Property Group is pleased to exclusively offer a 6,195-square-foot Applebee' s situated on 1.13 acres in Layton, Utah, which is a popular bedroom community 27 miles north of Salt Lake City and part of the Ogden-Clearfield MSA (Population: 642,850). Layton is one of the primary leaders in economic development for the region due to its immediate adjacency to the Hill Air Force Base (Economic Impact: $3.3B; 2.5 miles north of the site), a densely developed hospitality district (1,000+ hotel beds), bustling retail corridor (second largest north of Salt Lake City), East Gate Business Park, and Weber State University (Enrollment: 26,000+). Applebee' s signed a 20-year absolute NNN lease with 18 years of primary term remaining with 2.25% annual escalations throughout the initial term and two 10-year renewal options. The property is conveniently located with excellent access and visibility on the signalized hard corner at the intersection of Heritage Park Boulevard and Woodland Park Drive (Combined Traffic Count: 31,674 VPD) just 0.6 miles southeast from I-15 (Traffic Count: 112,525 VPD). Applebee' s is strategically located on what is referred to as Restaurant Row , a mile stretch of nationally recognized restaurant chains, within walking distance to more than 8 hotels (946 units), and the 70,000 square-foot Davis Conference that hosts more than 700 groups annually. The site also benefits from its location in the area' s primary retail and commercial corridor highlighted by 620,742-square-foot Layton Hills Mall (Anchors: Macy' s, JCPenney, Dick' s Sporting Goods) with an additional 5.8 MSF of retail, 1.7 MSF of office, 13.2 MSF of industrial and 5,576 multifamily units within a 3-mile radius.