Crust Club

Pleasant Grove, UT

Crust Club provides delicious meals that are ready to bake from frozen or thawed. While they all follow the theme of a pie, they are much more than chicken pot pies. You might enjoy a Pork Tamale dinner, or BBQ Beef and Mac, or Shepherd’s Pie depending on what you want on your menu that night. You can build your meal from a variety of dinners, sides, and desserts and have it delivered to your home or picked up on your way from work. Crust Club has especially found success as the answer to the neighborhood service meal. When a neighbor has a new baby or some other need, just order a crust club meal that will be delivered right to their door. Crust Club makes it easy as pie!

Property Information

  • Tenant:  Crust Club
  • Location: 1413 S State St., Pleasant Grove, UT
  • Property Type: Freestanding, Food
  • Building Size: 1,614 Square Feet
  • Purchase Price: To be detemined
  • Cap Rate:  5.75%

Pleasant Grove, UT

 

Pleasant Grove is nestled in the heart of Utah’s “Silicone Slopes” tech corridor, boasting the 2nd fastest growing tech industry in the nation. The Silicon Slopes sub-market has experienced greater per capita class-A office construction over the past 3-years than any other market in the United States. In 2020 alone, there have been more than $25 billion in exits from the booming entrepreneurial sector, flooding the area with fresh capital to continue the process of constant economic growth. In addition, this rapidly growing sector accounts for $29.7 billion (18%) of Utah’s gross domestic product.

This Crust Club location is strategically located on State Street in Pleasant Grove. The most trafficked artery in Silicon Slopes with a daily traffic count of 25,000. A drive thru that provides a solution to the busy professional who wants a home cooked meal is perfectly positioned to succeed at the center of this booming suburb.

About Tenant In Common

Tenant in common or TIC ownership allows two or more people to hold an ownership interest in a property. Each property owner or business
entity holds its own separate stake in the property and receives a deed.Their interests do not have to be equal.

This Millcreek Commercial property has the following characteristics:

 

  • Property is offered debt-free
  • Long-term, corporate-guaranteed lease
  • Satisfies IRS requirements for 1031 exchanges
Millcreek Commercial pleasant grove office building

Office | 801.899.1943

Lease Information

  • Lease Guarantor: Personal and Corporate
  • Initial Lease Term:  10 Years
  • Rent Increases: 3% increases, beginning year 4
  • Renewal Options:  Two 5-year Extensions
  • 10 Yr. Avg. Return:  6.62%