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Starbucks | Salt Lake City MSA | Newly Built 5546 5600 w 2,357 SF 4-Star Retail Building West Valley City, UT 84118 $3,674,391 CAD ($1,558.93 CAD/SF) 5.75% Cap Rate
Investment Highlights
- Freestanding Drive-Thru Positioned Along 5600 West (SR-172), A Major Arterial With ±18,492 VPD
- Surrounded By National Retailers Including Costco, Walmart Neighborhood Market, Dutch Bros, VASA Fitness, Walgreens, And Smith’s
- Direct Connectivity To SR-201 and Interstate 215, Supporting Strong Commuter Traffic Across the Salt Lake Valley
- Dense and Growing Residential Base Across West Valley City, Kearns, and Taylorsville
Executive Summary
Marcus & Millichap is pleased to present a newly constructed freestanding Starbucks drive-thru located along 5600 West (SR-172), one of West Valley City’s most heavily trafficked north–south arterials. The site benefits from exceptional visibility, strong commuter flow, and proximity to major employment centers including Salt Lake City International Airport, Downtown Salt Lake City, and the region’s extensive industrial and logistics corridor.
The asset is secured by a corporate-guaranteed NNN lease, providing stable, predictable income backed by Starbucks Corporation—one of the world’s most recognized and financially robust specialty coffee brands. Scheduled 10% rent increases every five years offer built-in income growth and long-term inflation protection. Landlord responsibilities are limited to roof and structure, supported by a 20-year roof warranty, minimizing near-term capital exposure.
West Valley City is one of the fastest-growing submarkets within the Salt Lake City MSA, supported by strong demographics, high household incomes, and significant ongoing development. Major catalysts, including the planned 800,000 SF University of Utah West Valley Hospital, multiple new residential communities, and large-scale industrial parks continue to drive population growth, employment expansion, and daily consumer traffic.
This Starbucks represents a rare opportunity to acquire a corporate-backed, long-term NNN drive-thru asset in a high-growth Utah market with exceptional fundamentals and durable demand drivers.
The asset is secured by a corporate-guaranteed NNN lease, providing stable, predictable income backed by Starbucks Corporation—one of the world’s most recognized and financially robust specialty coffee brands. Scheduled 10% rent increases every five years offer built-in income growth and long-term inflation protection. Landlord responsibilities are limited to roof and structure, supported by a 20-year roof warranty, minimizing near-term capital exposure.
West Valley City is one of the fastest-growing submarkets within the Salt Lake City MSA, supported by strong demographics, high household incomes, and significant ongoing development. Major catalysts, including the planned 800,000 SF University of Utah West Valley Hospital, multiple new residential communities, and large-scale industrial parks continue to drive population growth, employment expansion, and daily consumer traffic.
This Starbucks represents a rare opportunity to acquire a corporate-backed, long-term NNN drive-thru asset in a high-growth Utah market with exceptional fundamentals and durable demand drivers.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,357 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2024
Price
$3,674,391 CAD
Price Per SF
$1,558.93 CAD
Cap Rate
5.75%
NOI
$211,277 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.71 AC
Amenities
- 24 Hour Access
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Starbucks
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Starbucks | - | - | - | - |
Nearby Major Retailers
1 of 4
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Starbucks | Salt Lake City MSA | Newly Built | 5546 5600 w
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