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Established Restaurant & Real Estate 72 N 850 E 5,287 SF Retail Building Lehi, UT 84043 $6,980,000 ($1,320.22/SF)
Investment Highlights
- Located in one of Utah’s fastest-growing submarkets with strong population and household growth projections
- Exposure to ±173,000 vehicles per day along nearby Veterans Memorial Highway
- Established hibachi-style dining concept with strong brand recognition and repeat customer base
- Immediate access to major transportation corridors including I-15, UT-73, and Main Street
- Business and real estate offered together in a single acquisition
- Experience-driven model supporting higher average ticket and group dining revenue
Executive Summary
Tepanyaki Japanese Steakhouse & Sushi Bar presents a rare opportunity to acquire both a proven, full-service restaurant business and the underlying real estate in one of Utah’s fastest-growing corridors.
This offering combines an established, revenue-generating hibachi-style dining concept with ownership of the 5,287-square-foot freestanding building situated on approximately 1.37 acres. The restaurant delivers an engaging, tableside culinary experience that drives strong customer loyalty, repeat visitation, and premium ticket averages, supported by a diverse menu of steak, seafood, and sushi.
Strategically positioned at a signalized intersection with frontage on Main Street and 850 East, the property benefits from excellent visibility, strong traffic exposure, and convenient access. Additional features include 86 surface parking spaces, pylon signage, and freeway visibility, all contributing to consistent customer flow and brand recognition. Built in 2000 and well maintained, the asset is ideally suited for continued restaurant operation or repositioning.
Located within Lehi’s dynamic growth corridor, the property is surrounded by expanding residential and commercial development and benefits from proximity to the Silicon Slopes tech hub. The combined sale of both the operating business and real estate provides a compelling owner-user or investor opportunity to capitalize on sustained population growth, strong demographics, and an experience-driven dining concept with proven market demand.
This offering combines an established, revenue-generating hibachi-style dining concept with ownership of the 5,287-square-foot freestanding building situated on approximately 1.37 acres. The restaurant delivers an engaging, tableside culinary experience that drives strong customer loyalty, repeat visitation, and premium ticket averages, supported by a diverse menu of steak, seafood, and sushi.
Strategically positioned at a signalized intersection with frontage on Main Street and 850 East, the property benefits from excellent visibility, strong traffic exposure, and convenient access. Additional features include 86 surface parking spaces, pylon signage, and freeway visibility, all contributing to consistent customer flow and brand recognition. Built in 2000 and well maintained, the asset is ideally suited for continued restaurant operation or repositioning.
Located within Lehi’s dynamic growth corridor, the property is surrounded by expanding residential and commercial development and benefits from proximity to the Silicon Slopes tech hub. The combined sale of both the operating business and real estate provides a compelling owner-user or investor opportunity to capitalize on sustained population growth, strong demographics, and an experience-driven dining concept with proven market demand.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,287 SF
Building Class
B
Year Built
2000
Price
$6,980,000
Price Per SF
$1,320.22
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.37 AC
Parking
86 Spaces (16.27 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 45-224-0006 | Improvements Assessment | $965,100 |
| Land Assessment | $1,107,300 | Total Assessment | $2,072,400 |
Property Taxes
Parcel Number
45-224-0006
Land Assessment
$1,107,300
Improvements Assessment
$965,100
Total Assessment
$2,072,400
Contacts
-
Tyler Carlisle -
Sheri Osborne -
Apex Commercial - KW South Valley Keller Williams
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Established Restaurant & Real Estate | 72 N 850 E
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