For Sale
$6,200,000

857 Main StSalt Lake City, UT 84111

Successful Brewery, High ROI, Leaseback Option

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a thriving, established regional brewery in Salt Lake City, Utah. The property, located at 857 S Main St, encompasses two buildings totaling 16,550 square feet on a 0.47-acre lot. The main building, constructed in 2015 and extensively renovated in 2020 with a 7,000 square foot addition, houses a brewery, retail space, event areas, and office facilities. An adjacent building at 865 S Main St (Proper Burger) is also included in the sale. The property boasts a strong financial performance, with a Net Operating Income (NOI) of $433,832 and a 7.00% capitalization rate. The asking price is $6,200,000, translating to $374.62 per square foot. The property is offered as a sale-leaseback, with the seller willing to lease back the entire site, providing a secure and consistent income stream for the buyer. This presents a rare chance to acquire a well-established, high-performing commercial property with significant upside potential in a desirable Salt Lake City location. The property features a Triple Net (NNN) lease structure, minimizing landlord responsibilities. The two-story buildings offer a versatile layout, catering to both production and customer-facing operations. This is an ideal investment for those seeking a stable, high-yield asset with a built-in tenant and significant growth potential.

Highlights

  • Successful regional brewery seeking expansion opportunities.
  • 16,550 SF building on a 0.47-acre lot in Salt Lake City, UT.
  • Fully renovated in 2015 with a 7,000 SF addition in 2020.
  • Mixed-use property encompassing retail, brewery production, event space, and office areas.
  • Includes adjacent building at 865 S Main St (Proper Burger).
  • Seller offering sale-leaseback at a 7% cap rate.

Property Details for 857 Main St

Property type
Retail properties, Bars
Square Feet
16,550 SF
Year Built/Renovated
2015/2020
Buildings
2
Stories
2
Lot Size (sq. ft)
20,473 SF
Units
2

Location Insight

City
Salt Lake City
County
Salt Lake
State
Utah
Latitude
40.750557
Longitude
-111.890536
857 Main St, Salt Lake City, Utah

FAQs

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857 Main St
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