Retail Space
8443 West Magna Main Street Magna, UT 84044

Details & Description

Price: $2,699,000

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.

Property ID: 259256
Property URL: melqr.com/259256
Generated: 04-28-24

Listing Agents

Chris Kostanecki

O: 415-274-2701
M: 415-274-2701
ck@cppcre.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.

Retail Space / Utah / Magna / 84044 / 8443 West Magna Main Street

8443 West Magna Main Street

Magna, UT 84044

Listing ID: 259256

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Building Size: 3,950 SF

Lot Size: 0.750 AC

Land Size: 32,670 SF

Building $/SF: $683.29

Land $/SF: $82.61

Price

$2,699,000

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

burger-king-magnaut-yBC-qtq.pdf

Points of Interest & Demographic Radii

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Demographic Radii

POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.

West Valley City History of Retail Space for Sale

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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 Population		9,332	37,525	77,146
Population Median Age		33	32	32
Population by Age	0-9 Yrs	1381 (14%)	5925 (15%)	13140 (17%)
	10-19 Yrs	1562 (16%)	7371 (19%)	13895 (18%)
	20-29 Yrs	1236 (13%)	4795 (12%)	10482 (13%)
	30-39 Yrs	1653 (17%)	6460 (17%)	12931 (16%)
	40-49 Yrs	1400 (15%)	4847 (12%)	9834 (12%)
	50-59 Yrs	1018 (10%)	3870 (10%)	7845 (10%)
	60-69 Yrs	713 (7%)	2794 (7%)	5719 (7%)
	70+ Yrs	368 (3%)	1462 (3%)	3299 (4%)

Median HH Income		$59,550	$69,740	$73,630
Total Household Income	< 24K	334 (11%)	953 (9%)	1698 (8%)
	25-49K	770 (25%)	2178 (20%)	3859 (18%)
	50-74K	858 (28%)	2632 (25%)	5032 (24%)
	75-99K	440 (14%)	1951 (18%)	4095 (19%)
	100-199K	559 (18%)	2640 (25%)	5479 (26%)
	200K+	14 (0%)	141 (1%)	466 (2%)

Highest Education Level	No Diploma	1116	3681	7267
	Diploma or GED	2038	8296	16653
	Some College	1575	5472	10672
	Assoc. Degree	546	2021	4384
	Bachelors Degree	485	2079	4756
	Higher Degree	143	568	1484

Total Housing Units		3,178	10,979	21,316
--Owner-Occupied		2,130	8,605	16,948
--Renter-Occupied		844	1,891	3,681
Owner-Occupied Values	< 100K	78	408	653
	100-199K	1016	3116	5380
	200-299K	850	3816	7922
	300-399K	152	940	2243
	400-499K	20	219	520
	500K+	13	105	230

Total Working Age Population		7,064	27,251	55,815
In Work Force		5,313	20,284	41,141
Not In Work Force		1,751	6,967	14,673
Workforce Employed		4,997	19,359	39,322
Workforce Unemployed		317	922	1,762
Civlian Workforce		5,313	20,281	41,084
Military Workforce		0	3	57

Total Households		2,974	10,495	20,629
Family Households		2,091	8,496	17,142
Non-Family Households		884	1,999	3,487
Married Couple		1,448	6,157	12,593
Other Family		642	2,340	4,548
Married w/Child		688	3,302	6,752
Single Male w/Child		127	477	963
Single Female w/Child		218	737	1,460

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Utah	2,233,169	+24	2,763,885	+20	3,325,425	+17	3,889,310
Davis County	238,994	+28	306,479	+19	364,813	+11	406,046
Salt Lake County	898,387	+15	1,029,655	+15	1,181,471	+11	1,306,414
Tooele County	40,735	+43	58,218	+28	74,293	+26	93,258

Total Working Age Population:

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Total Working Age Population:

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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.

Common Questions and Answers

What is the asking price for 8443 West Magna Main Street in Magna?

The asking price for 8443 West Magna Main Street is $2,699,000

What is the building size of this Retail property in Magna, UT?

The size of the building/unit at 8443 West Magna Main Street in Magna is 3,950 square feet

How much land does the Magna, UT property at 8443 West Magna Main Street include?

8443 West Magna Main Street in Magna includes 0.750 acres of land

What kind of Retail is the propery at 8443 West Magna Main Street?

The property at 8443 West Magna Main Street Magna, UT 84044 is listed as a Food Service Retail property

What is the population within 1 mile of 8443 West Magna Main Street in Magna?

The population within 1 mile of 8443 West Magna Main Street Magna, UT 84044 is 9,332 people.

Who do I contact for questions about 8443 West Magna Main Street?

You should contact the listing agent, Chris Kostanecki , for any details regarding this commercial listing.

Other 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
8945 West Magna Main Street, Magna, UT	$370,000	6250	0.4
8987 2700 south, Magna, UT	$897,000	7821	0.4
8980 W Magna Main Street, Magna, UT	$795,000	5730	0.16
3318 Decker Lake Drive, Salt Lake City, UT	$2,775,000	7500	1.06
925 South West Temple, Salt Lake City, UT	CALL	8000	0.36
1485 Major Street, Salt Lake City, UT	$2,599,000	13512	0.35
1470 South State Street, Salt Lake City, UT	$695,000	3700	0.17
917 South State Street, Salt Lake City, UT	CALL	3400	0.1

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