5402 13400Herriman, UT 84096

Property Details for 5402 13400

Year built

2017

Lot size

0.82 AC

Property size (Sq ft)

2,424 SF

Zone code

MU-2

Property type

Retail properties

Property subtype

Drive through restaurants

APN

26-36-359-008

APU

2636359008

Description

This exceptional fast-food sublease opportunity in Herriman, Utah, presents a turnkey operation within a 2,424-square-foot building situated on a 0.82-acre lot. Built in 2017, the single-story property boasts 30 parking spaces and benefits from high traffic counts, with 31,080 ADT on 13400 S and 17,594 ADT on 5600 W. The location is further enhanced by a substantial population of 149,086 within a 5-mile radius. All fixtures, furniture, and equipment (FF&E) are included, excluding proprietary signage. The current sublease rate is $13,073.03 per month, with a sublease expiration date of January 31, 2037. Rent increases are scheduled for February 1, 2027, and every five years thereafter at a rate of 5%. The property is conveniently located at 5402 13400 S, Herriman, UT 84096, near the cross streets of 13400 S and 5600 W in Salt Lake County. This is a quietly marketed sublease

• CAP approach

  CAP return

  Valuation

  6%

  $941,367

  6.5%

  $868,954

  7%

  $806,886

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,223,834

  Geo Method

  $1,223,834

• Alternative Use

  Use

  Valuation

  Residential

  $732,995

  Hospitality

  $671,420

  Educational

  $558,613

  Medical

  $577,825

  Retail

  $868,954

Location Insight

City

Herriman

County

Salt Lake

State

Utah

Latitude

40.5083

Longitude

-112.019

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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