Listing Summary
Lee & Associates & Bang Realty are pleased to present an opportunity for a qualified investor to acquire fee simple interest in Cafe Zupas located in Syracuse, UT.
Full Description
Lee & Associates, in conjunction with Bang Realty, is pleased to present a premier single-tenant net lease (STNL) investment opportunity: a Café Zupas ground lease in the high-growth market of Syracuse, Utah. This absolute NNN ground lease offers a passive income stream with zero landlord responsibilities, situated in one of the most business-friendly states in the U.S.
Investment Highlights
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Passive Absolute NNN Ground Lease: A "fee simple" interest opportunity with zero landlord management, ideal for 1031 exchange investors seeking security and simplicity.
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Strong Corporate Guarantee: Leased to Café Zupas, a dominant regional fast-casual brand with over 55 locations and an established 20-year operating history.
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Long-Term Lease with Rental Growth: Features a long-term primary lease with 10% rent increases every five years, providing an excellent hedge against inflation.
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Modern 2023 Construction: High-quality, newer construction featuring the latest Café Zupas prototype design on a 0.81-acre parcel.
Strategic Retail Location & Shadow Anchoring
This property is a high-traffic outparcel at the heart of Syracuse's primary retail corridor:
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Walmart Supercenter Outparcel: Positioned directly in front of a high-volume 176,000 SF Walmart Supercenter that draws over 2.4 million visitors annually.
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Syracuse Town Center Adjacency: Located next to a 100% leased shopping center, ensuring constant synergistic foot traffic.
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Prime Traffic Counts: Situated at a signalized intersection with combined exposure to 33,000 Vehicles Per Day (VPD).
Utah’s Rapidly Expanding Demographics
Syracuse is a key suburb within the Salt Lake City-Ogden MSA, consistently ranked among the fastest-growing regions in the country:
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Explosive Growth: The local population has increased by 19% since 2020, driving a surging demand for essential and fast-casual retail.
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High-Income Trade Area: Utah’s business-friendly environment and strong job market contribute to a wealthy local demographic with stable discretionary spending.
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Ranked #1 Business Climate: Utah has been ranked the #1 most business-friendly state for 17 consecutive years by ALEC, ensuring long-term asset appreciation and stability.
Quick Glance
- Listing ID:
CL-Utah-11551
- Status:
Active
- Year Build:
2023
- Building Size:
3,600 SqFt
- Lot Size:
37,026.00 Acre