2175 W City Center Ct
Salt Lake City, UT 84119
Applebee's: West Valley, UT · Retail Property For Sale

The CBRE Net Lease Property Group is pleased to exclusively offer a 4,733-square-foot Applebee' s situated on 1.22 acres in West Valley City, Utah which is part of the Salt Lake City MSA (Population: 1.1 million). 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 a signalized hard corner of Decker Lake Drive (Traffic Count: 10,800 VPD) and City Center Court just 0.3 miles east of I-215 (Traffic Count: 96,980 VPD) which provides access to Downtown Salt Lake City (9 miles to the northeast). Further, the site is strategically located immediately adjacent to the 105-unit Comfort Inn and diagonally across Decker Lake Drive from and IHOP and Chili' s Grill & Bar. Applebee' s benefits from its location within the area' s primary retail and commercial corridor highlighted by the 831,677-square-foot Valley Fair Mall (Anchors: JCPenney, Megaplex Theater, Ross) with an additional 7.5 MSF of retail, 5.9 MSF of office, 37.2 MSF of industrial and 11,297 multifamily units within a 3-mile radius. Other retailers with a presence in the immediate corridor include Costco, Toys R Us, Shopko, Petco, Fresh Market, Rancho Markets, Harmons West, Super Saver, Smith' s, Savers, Family Dollar, Aaron' s, Pep Boys Auto, AutoZone, O' Reilly Auto Parts, CVS, Cracker Barrel, Olive Garden, Carl' s Jr., TGI Fridays, Starbucks and Pizza Hut among many others. The restaurant is within walking distance to more than 6 hotels (544 combined rooms) and the Maverik Center, which hosts sporting event on a weekly basis, providing Applebee' s with a substantial built-in customer base.