421 E 400 S
Salt Lake City, UT 84111
Starbucks | Leasehold Interest |10yr Corp NNN · Retail Property For Sale

The Starbucks is strategically located along E 400 S / University Blvd, a major east/west retail and commuter thoroughfare servicing the city of Salt Lake City, averaging 21,400 vehicles passing by daily. The subject property also benefits from its proximity to The University of Utah with more than 32,700 enrolled students, providing a direct consumer base to draw from. Moreover, Starbucks is immediately surrounded by a number of new apartment buildings, including Block 44 (214 units), Encore (189 units), Velo on the Boulevard (99 units), and Quattro (95 units). Additionally, the asset is positioned within a strong retail corridor, with nearby national/credit tenants including Whole Foods, Trader Joe’s, Smith’s, and more, further increasing consumer draw to the trade area. Located within 2 miles of the downtown district of Salt Lake City, the site benefits from a thriving population and multiple economic drivers. Starbucks is within 9 miles of the Salt Lake City International Airport, which reported more than 25,500,000 passengers in 2018. The subject 5-mile trade area is supported by an extremely dense population of more than 250,000 residents and nearly 249,000 employees with a healthy average household income of $83,894.