Retail Space - For Sale
8443 West Magna Main Street Magna, UT 84044
Details & Description
Price: $2,699,000
  • Property Type Retail for Sale : Food Service
  • Lot Size Acres 0.750
  • Building Sq Ft 3,950
  • Building Price per Sq Ft $683.29
  • Land Sq Ft 32,670
  • Land Price per Sq Ft $82.61
An Absolute NNN Leased Burger King with Double Drive-Thru and Annual Rent BumpsThe subject property consists of a 3,950 square foot double drive thru restaurant on a .75 acre lot. The building is leased to Burger King, for which the property was built in 2018. The absolute NNN lease features zero landlord maintenance or expense obligations, and attractive 1.25% annual rent increases. The franchisee, Meridian Restaurants, is one of the largest franchisees in the country (2020 Mega 99 Rankings), with 136 restaurants across 11 states.It is located immediately adjacent to Salt Lake City, the most Fiscally Fit City in the country, as rated by State Farm. Burger King is the second largest hamburger chain in the world.
Listing Agents
Chris Kostanecki
Capital Pacific
O: 415-274-2701
ck@capitalpacific.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

8443 West Magna Main Street

Magna, UT 84044

Listing ID: 259256
$2,699,000
For Sale
  • Property Type Retail for Sale : Food Service
  • Lot Size Acres 0.750
  • Building Sq Ft 3,950
  • Building Price per Sq Ft $683.29
  • Land Sq Ft 32,670
  • Land Price per Sq Ft $82.61
  • 8443 West Magna Main Street Magna, UT 84044 | for Sale | Photo 1
  • 8443 West Magna Main Street Magna, UT 84044 | for Sale | Photo 2
  • 8443 West Magna Main Street Magna, UT 84044 | for Sale | Photo 3
8443 West Magna Main Street | for Sale | Thumbnail 1
8443 West Magna Main Street | for Sale | Thumbnail 2
8443 West Magna Main Street | for Sale | Thumbnail 3
Description

An Absolute NNN Leased Burger King with Double Drive-Thru and Annual Rent Bumps

The subject property consists of a 3,950 square foot double drive thru restaurant on a .75 acre lot. The building is leased to Burger King, for which the property was built in 2018. The absolute NNN lease features zero landlord maintenance or expense obligations, and attractive 1.25% annual rent increases. The franchisee, Meridian Restaurants, is one of the largest franchisees in the country (2020 Mega 99 Rankings), with 136 restaurants across 11 states.

It is located immediately adjacent to Salt Lake City, the most Fiscally Fit City in the country, as rated by State Farm. Burger King is the second largest hamburger chain in the world.

Attachments & Files

Listing Demographics for 8443 West Magna Main Street Magna, UT 84044

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population9,33237,52577,146
Population Median Age333232
Population by Age0-9 Yrs1381 (14%)5925 (15%)13140 (17%)
10-19 Yrs1562 (16%)7371 (19%)13895 (18%)
20-29 Yrs1236 (13%)4795 (12%)10482 (13%)
30-39 Yrs1653 (17%)6460 (17%)12931 (16%)
40-49 Yrs1400 (15%)4847 (12%)9834 (12%)
50-59 Yrs1018 (10%)3870 (10%)7845 (10%)
60-69 Yrs713 (7%)2794 (7%)5719 (7%)
70+ Yrs368 (3%)1462 (3%)3299 (4%)
Median HH Income$59,550$69,740$73,630
Total Household Income< 24K334 (11%)953 (9%)1698 (8%)
25-49K770 (25%)2178 (20%)3859 (18%)
50-74K858 (28%)2632 (25%)5032 (24%)
75-99K440 (14%)1951 (18%)4095 (19%)
100-199K559 (18%)2640 (25%)5479 (26%)
200K+14 (0%)141 (1%)466 (2%)
Highest Education LevelNo Diploma111636817267
Diploma or GED2038829616653
Some College1575547210672
Assoc. Degree54620214384
Bachelors Degree48520794756
Higher Degree1435681484
Total Housing Units3,17810,97921,316
--Owner-Occupied2,1308,60516,948
--Renter-Occupied8441,8913,681
Owner-Occupied Values< 100K78408653
100-199K101631165380
200-299K85038167922
300-399K1529402243
400-499K20219520
500K+13105230
Total Working Age Population7,06427,25155,815
In Work Force5,31320,28441,141
Not In Work Force1,7516,96714,673
Workforce Employed4,99719,35939,322
Workforce Unemployed3179221,762
Civlian Workforce5,31320,28141,084
Military Workforce0357
Total Households2,97410,49520,629
Family Households2,0918,49617,142
Non-Family Households8841,9993,487
Married Couple1,4486,15712,593
Other Family6422,3404,548
Married w/Child6883,3026,752
Single Male w/Child127477963
Single Female w/Child2187371,460

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Utah2,233,169+242,763,885+203,325,425+173,889,310
Davis County238,994+28306,479+19364,813+11406,046
Salt Lake County898,387+151,029,655+151,181,471+111,306,414
Tooele County40,735+4358,218+2874,293+2693,258

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views
Other Retail Space Listings for Sale Nearby
Address Price Sq Ft Acres
8588 West Magna Main Street, Magna, UT $299,000 880 0.22
841 W Magna Main St, Magna, UT $430,000 2000 0.31
8820 West Magna Main Street, Magna, UT $1,200,000 2208 0.63
8840 West Magna Main Street, Magna, UT $1,000,000 1400 0.49
8945 West Magna Main Street, Magna, UT $370,000 6250 0.4
8987 2700 south, Magna, UT $897,000 7821 0.4
3490 West 3500 South, West Valley City, UT $7,400,000 36077 3.13
3318 Decker Lake Drive, Salt Lake City, UT $2,775,000 7500 1.06
4832 Murray Boulevard, Murray, UT $3,975,000 6990 0.59
925 South West Temple, Salt Lake City, UT CALL 8000 0.36
Closest Commercial Airports
Airport Distance (mi)
Salt Lake City International Airport (SLC) 8
Boise Air Terminal/Gowen Field (BOI) 289
McCarran International Airport (LAS) 360
Listing Agent
Chris Kostanecki  - CRE Agent at Capital Pacific

Chris Kostanecki

Capital Pacific
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