Seven Brothers

PLEASANT GROVE, ut

Seven Brothers is a popular burger QSR originating in Kahuku, Oahu, famous for their delicious burgers, fries, salads, and shakes. Since 2009, Seven Brothers has experienced rapid growth, with franchise opportunities now available in Utah, Arizona, and Idaho. They currently have four locations in Hawaii, one in Arizona, and soon to be four in Utah.

Property Information

  • Tenant: TWH Holding (Franchisor – Seven Brothers)
  • Location: 1427 West State Street, Pleasant Grove, UT 84062
  • Property Type: Freestanding, Food w/ drive-thru
  • Building Size: 1,672 sq. ft
  • Purchase Price: $1,867,965
  • Cap Rate: 5.75%

 

Dollar General - Bethpage, Tennessee

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.

 

 

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:

  • Long-term lease, newly built building, absolute NNN lease

  • Satisfies IRS requirements for 1031 exchanges

Millcreek Commercial pleasant grove office building

Office | 385.248.0613

Lease Information

  • Lease Guarantor: Corporate Guarantee
  • Initial Lease Term: 10 years from building completion
  • Estimated Lease Commencement: Upon building completion – estimated Q4 2023
  • Rent Increases: 10% every 5 years
  • Renewal Options: Two 5-year extensions