Investment Offering

Restaurant Space for Lease

3540 S State St

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Investment Highlights

• Rare second-generation restaurant opportunity in a prime State Street corridor\
• High visibility location with strong daily traffic exposure\
• Approximately 7,000 SF – ideal for high-volume dining concepts\
• Fully built-out commercial kitchen with major upgrades completed in 2024\
• Includes hood system, walk-in cooler & freezer, water heater, and dishwasher\
• Significant savings on build-out costs (estimated $150K–$300K+)\
• Suitable for a wide range of concepts: Chinese, Japanese, Korean BBQ, hot pot, buffet, or full-service dining

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Lease Overview

• Lease Rate: $25.00/SF NNN\
• CAM/NNN: Estimated $3.00–$5.00/SF\
• Flexible lease structure – tenant may negotiate new lease terms with landlord\
• Ideal for experienced operators or expanding restaurant groups

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Location & Demographics

Located in the heart of South Salt Lake, one of the fastest-growing and most diverse commercial submarkets in the Salt Lake Valley.

• Population: 150,000+ within 5-mile radius\
• Average Household Income: $80,000+\
• Strong daytime population driven by nearby businesses and retail centers\
• Positioned along State Street with 30,000+ vehicles per day, providing continuous exposure and customer flow

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️ Property Features

• Approx. 7,000 SF fully built-out restaurant space\
• Functional layout for dine-in, takeout, or high-volume service\
• Commercial kitchen includes:\
• Double hood system (2024)\
• Walk-in cooler & freezer\
• Water heater (2024)\
• Dishwasher (2024)\
• Turn-key condition with minimal additional capital required

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️ Disclaimer

All information provided is deemed reliable but not guaranteed. Tenant and tenant’s agent are advised to independently verify all information.