Description
Prime Location located adjacent to Salem Hills High School and the highway running through Salem. There are several options for this property. 1.) Lease the current building and restaurant equipment. Lease would be approx. $10,000/mo NNN. Current Building is 4,054 Sq Ft 2.) Owner will build a new building (subject to and pending Salem City approval) with 4 separate units ranging from 1,890 - 1,850 sq ft. Leases are expected to range from $1.95-2.15/sq ft/month NNN with a CAM fee of $0.25/sq ft. All information is subject to change. 3.) Ground lease. Lease the ground (no current structures included and tenant would be responsible for demolition of the existing structure) at approximately $6,500/month NNN. 4.) Lease (which includes the current structure on the property, no restaurant equipment). Lease would be approximately $8,500/month NNN.
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0BEDS
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0.69ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Prime Location located adjacent to Salem Hills High School and the highway running through Salem. There are several options for this property. 1.) Lease the current building and restaurant equipment. Lease would be approx. $10,000/mo NNN. Current Building is 4,054 Sq Ft 2.) Owner will build a new building (subject to and pending Salem City approval) with 4 separate units ranging from 1,890 - 1,850 sq ft. Leases are expected to range from $1.95-2.15/sq ft/month NNN with a CAM fee of $0.25/sq ft. All information is subject to change. 3.) Ground lease. Lease the ground (no current structures included and tenant would be responsible for demolition of the existing structure) at approximately $6,500/month NNN. 4.) Lease (which includes the current structure on the property, no restaurant equipment). Lease would be approximately $8,500/month NNN.
Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2022-06-27T23:37:51.56. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.