In-N-Out Ground Lease Investment
$4,286,000
404 North Main Street, Logan, UT 84321
For Sale
Retail
Restaurant
Active
Last Updated: 04/14/2022
3.5
Cap Rate
150,000
NOI
Details:
Cap Rate: 3.5%
NOI: $150,000
Building Size: 37,897 sqft
Lot Area: 0.87 acres
Lease Type: Ground
Year Built: 2021
Property Taxes, Insurance, Utilities & Maintenance : Tenant’s Responsibility
Description:
• 20-Year Ground Lease with In-N-Out Burgers
• 10% Rent Increases Every 5-Years in Both the Primary Term & Options
• In-N-Out is an Investment Grade Tenant with 325+ Locations in Arizona, California, Nevada, Oregon, Texas, and Utah
• Dominant Trade Area that Includes over 44,202 Employees within 3-Miles of the Property
• High Traffic Counts with 43,361 ADT on Main Street
Documents:
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Location
Gallery
