Little Caesars / Wingstop Strip
$4,070,000
3526 West 1940 North, Lehi, UT 84043
For Sale
Retail
Strip Center
Active
Last Updated: 09/21/2026
6
Cap Rate
244,216
NOI
Details:
Cap Rate: 6%
NOI: $244,216
Building Size: 6,124 sqft
Lot Area: 1.35 acres
Year Built: 2024
Tenancy: Multiple
Parking Spots: 26
Highlights:
- Fully Occupied Strip: 100% occupied three-tenant retail building
- Recent Construction: 2024 construction with endcap drive-thru
- Strong Franchisee Backing: Little Caesars & Wingstop both operated by Sizzling Platter (see below)
- Experienced Operator: Founded in 1963 with over 60 years of operating history, growing from a single Sizzler location into a 750+ unit, multi-brand franchise platform
- Financial Strength: Over $1 billion in annual revenue
- National Recognition: Brands under their operating umbrella include Little Caesars, Wingstop, Jersey Mike’s, Dunkin’, Jamba, Sizzler, Red Robin, and Cinnabon
- Extremely Affluent Submarket: $164,000 average household incomes within a 3-mile radius of the subject property
- Explosive Residential Growth: 18-30% estimated population growth within a 1, 3, and 5-mile radius over the next 5 years
Description:
A premier retail strip development in Lehi, an affluent residential trade area boasting average household incomes of $163,000 within a 3-mile radius of the subject property. The tenants here include Little Caesars and Wingstop, which are both operated by Sizzling Platter – a 750+ unit franchisee operator in the U.S. and Mexico that generates well over $1 billion in annual revenue.
Tanner Olson
Legend Commercial
tolson@legendcommercial.com
PH: 206.330.1614
UT LIC# 9868653-SA00
Documents:
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LittleCaesarsWingstopStrip_LehiUT.pdf
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Location
Gallery
