• An Award Winning Net Lease & Retail Commercial Real Estate Group

Papa John’s Within Opportunity Zone! | Salt Lake City, UT

1230 W 600 N, Salt Lake City, UT 84116, USA
$472,691

Description

Marcus & Millichap is pleased to offer this Papa John’s property with an absolute-net lease with zero landlord responsibilities.
Papa John’s Pizza is an American restaurant company. It runs the third largest take-out and pizza delivery restaurant chain in the world, with headquarters in Jeffersontown, Kentucky, a suburb of Louisville.
Its slogan is “Better Ingredients. Better Pizza. Papa John’s.” Internationally, there are over 4,600 Papa John’s establishments, including over 3,200 in the U.S. and the remainder spread among 34 other countries. In September 2012, Papa John’s Pizza opened its 4,000th restaurant, in New Hyde Park, New York.

  • Absolute Triple-Net
  • Zero Landlord Responsibilities
  • Experienced Franchisee
  • Average of 15% Bumps Every Five Years
  • Ten Percent Bumps during Option Period
  • Ample Parking
  • Corner Lot
  • Healthy Population Increase of Twelve Percent
  • Single Tenant Net Leased Asset

Property Documents

  • City: Salt Lake City
  • State/county: Utah
  • Zip/Postal Code: 84116
  • Country: United States

Detail

  • Price: $472,691

Additional details

  • CAP Rate: 5.50%
  • NOI: $25,998

Features