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2435 S State St 2,926 SF of Retail Space Available in Salt Lake City, UT 84115
Highlights
- 2nd-Generation restaurant buildout
- Pylon signage
- Drive-thru
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,926 SF | Negotiable | $40.00 /SF/YR $3.33 /SF/MO $117,040 /YR $9,753 /MO | Triple Net (NNN) |
1st Floor
The site contains a restaurant building situated on approximately 0.69 acres. Existing improvements include a drive-thru lane, hood system, grease trap, cooler, freeway pylon signage, and access to Interstate 80 via nearby ramps. The property was remodeled in 2021 and fronts State Street.
- Lease rate does not include utilities, property expenses or building services
- Recently remodeled in 2021.
- Existing hood, grease trap, and cooler in place.
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 2,926 SF | Gross Leasable Area | 3,300 SF |
| Property Type | Retail | Year Built/Renovated | 1993/2021 |
| Property Subtype | Fast Food | Parking Ratio | 6.89/1,000 SF |
| Total Space Available | 2,926 SF |
| Property Type | Retail |
| Property Subtype | Fast Food |
| Gross Leasable Area | 3,300 SF |
| Year Built/Renovated | 1993/2021 |
| Parking Ratio | 6.89/1,000 SF |
About the Property
For Lease- fully equipped 2nd-generation restaurant and fast food building. Dedicated Drive-thru lane. Large pylon signage on I-80 freeway and easy on/off access from the freeway exit. Fully renovated in fall of 2021, this building features a kitchen hood (~16' in length), coolers, 3 compartment sink, grease trap, 2 ADA restrooms, and is plug and play ready. Up to 10-year lease term is available. Contact listing agent for more details.
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Nearby Major Retailers
Contact the Leasing Agent
2435 S State St