For Sale $1,846,000
Property Type Retail - Freestanding
Property Size 1,444 SF
Lot Size 1.29 Acre
Additional Rent Contact for pricing
Property Tenancy Single Tenant
Date Updated May 14, 2024

-A 10-year Sonic Drive-In with 6+ years remaining in the base term and 3, 5-year options to extend the lease term. The subject property features ideal frontage on S Redwood Rd (34,099 VPD) and is nearby Valley Fair Mall – an 800,000+ SF regional shopping center with major national tenants including Costco, Hobby Lobby, Old Navy, and Five Below.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Attachments

Sonic_WestValleyCityUT.pdf (PDF) opens in new window

Highlights

6+ years remaining on absolute NNN lease with three, 5-year options to extend
Zero LL expense/maintenance obligations making this a truly “hands-off” investment
The tenant, Mach 1 Foods, operates 21 Sonic Drive-In restaurants in Utah and Idaho
Carmel Capital Partners, a San Diego based multi-family office, made a sizable investment into the operator in November of 2021
Down the street from Valley Fair Mall – an 800,000+ SF regional shopping mall with major national tenants including Costco, Hobby Lobby, Old Navy, and Five Below (see Page 9)
Potential MLB expansion site unveiled in Salt Lake City (see Page 17)
Salt Lake City MSA is one of the fastest growing metro areas in the Western U.S.
Bustling trade area with 359,185 residents and average household incomes of $89,673 within a 5-mile radius of the subject property

Contacts

John Andreini

CP Partners

Location

Getting Around

Walk Score ®
75/100 Very Walkable
Transit Score ®
45/100 Some Transit
Bike Score ®
53/100 Bikeable

City West Valley City, UT
Neighborhood West Valley City
Zip Code 84119
Market Salt Lake City

Points of Interest

Redwood Junction

1.14 miles
River Trail

1.95 miles
Meadowbrook

2.30 miles
Murray North

2.69 miles
Central Pointe

3.04 miles
South Salt Lake City

3.23 miles
300 East

3.55 miles
500 East

3.79 miles
700 East

4.05 miles
Sugarmont

4.36 miles

Costco Gasoline

0.73 miles
Chevron

1.46 miles
Holiday Oil

1.49 miles
Chevron

1.74 miles
Maverik

1.77 miles
ChargePoint

1.88 miles
ChargePoint

1.91 miles
Speedway

1.94 miles
Texaco

1.95 miles
M & M Service Station

2.07 miles

Fairbourne Station Parking Structure

1.11 miles
Parking Lot V

1.36 miles
Parking Lot J

1.42 miles
Parking Lot I

1.42 miles
Parking Lot H

1.43 miles
Parking Lot H2

1.43 miles
Parking Lot L

1.44 miles
Parking Lot K

1.44 miles
Parking Lot N

1.47 miles
Parking Lot M

1.48 miles

Ogies Cafe

0.12 miles
Burger King

0.16 miles
Gosu Korean BBQ

0.17 miles
Asian Palace Restaurant

0.17 miles
Carl's Jr.

0.19 miles
East Sea Restaurant

0.19 miles
Tonkotsu Ramen Bar

0.22 miles
Sizzler

0.25 miles
Greek Souvlaki

0.39 miles
Hook & Reel

0.46 miles

Lucky

0.18 miles
Smith's

0.79 miles
JCPenney

0.80 miles
Ross

0.87 miles
John's Marketplace

0.93 miles
El Centenario Market

1.19 miles
Rancho Markets

1.58 miles
Macey's

1.90 miles
The Fresh Market

1.97 miles
Los Feliz

2.31 miles

Frequently Asked Questions

How much does Sonic Drive-In cost?

The space currently listed for sale at Sonic Drive-In asks for $1,846,000.

What is the total square footage of Sonic Drive-In?

Sonic Drive-In totals 1,444 square feet.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.