76 E University Pky | Orem, UT 84058
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- LoopNet Team
76 E University Pky
Orem, UT 84058
El Pollo Loco · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- ABSOLUTE NNN GROUND LEASE Ideal Passive Investment
- HIGH DENSITY LOCATION Site Benefits from over 55k VPD and a growing population which boasts populous demos and median avg hh income north of $80k
- WKS Restaurant Group is largest El Pollo Loco Franchisee with over 65 stores. WKS is a franchisee of 381 restaurant locations total.
- LONG TERM LEASE Just under 15 years remaining with strong 10% increases to the rent every 5 years
- HEART OF RETAIL CORRIDOR Immediate Neighboring tenants include Lowe’s, Trader Joe’s, Univ Place Shopping Mall, and Walmart Supercenter.
- SMALLER PRICE POINT / SUSTAINABLE RENT Low Rent in today's rent inflated market also provides a more attractive lower price
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
3,000 SF
Building Class
B
Year Built
2018
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.26 AC
Zoning
PD-12
Parking
27 Spaces (9 Spaces per 1,000 SF Leased)
AMENITIES
- Restaurant
PROPERTY TAXES
| Parcel Number | 57-105-0001 | Improvements Assessment | $812,200 |
| Land Assessment | $618,500 | Total Assessment | $1,430,700 |
PROPERTY TAXES
Parcel Number
57-105-0001
Land Assessment
$618,500
Improvements Assessment
$812,200
Total Assessment
$1,430,700
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