Lehi, Utah, is an attractive location for investors looking to purchase a restaurant, with its growing population and expanding economy. Restaurants in Lehi offer a unique opportunity for entrepreneurs to capitalize on the city's increasing demand for dining options. As a hub for the tech industry, Lehi is home to companies like Micron Technology, Intel Corporation, Adobe Systems, and Ancestry.com, providing a steady stream of customers for restaurants. The city's amenities, such as Thanksgiving Point, a nonprofit museum complex and estate garden, and Lehi Roller Mills, a historic flour mill, also attract visitors and locals alike. Additionally, Lehi's infrastructure, including Interstate 15 and State Route 92, makes it easily accessible for customers. With its strong economy, growing population, and attractive amenities, Lehi is an ideal location for restaurant owners. The city's proximity to Utah State University's extension at Thanksgiving Point and the nearby cities of American Fork and Provo also contribute to its appeal.
Currently, there are 1 restaurants for sale in Lehi, offering a range of options for investors. The average price per square foot for these restaurants is $1,146 USD, with an average size of 3,844 square feet. The largest restaurant available is 3,844 square feet. In addition to restaurants, Lehi also offers other investment opportunities, including apartment buildings, which can provide a steady stream of rental income. Shopping centers, such as those found along Interstate 15, offer a mix of retail and dining options. Specialty properties, like the historic Lehi Roller Mills, can provide a unique opportunity for investors. Hotels, such as those found near Thanksgiving Point, cater to the city's growing tourism industry. Overall, Lehi's diverse range of investment opportunities makes it an attractive location for entrepreneurs and investors.
What is the average cost per square foot for a restaurant in Lehi?
The average cost per square foot for a restaurant in Lehi is $1,146 USD, with an average size of 3,844 square feet and a largest size of 3,844 square feet among the 1 available listings.
What factors determine the value of a restaurant for sale in Lehi?
When evaluating the value of a restaurant for sale in Lehi, several key factors come into play, including:
- Location, with proximity to major attractions like Thanksgiving Point and Lehi Roller Mills, as well as accessibility to Interstate 15 and State Route 92, impacting foot traffic and customer accessibility;
- The size and layout of the restaurant, with an average size of 3,844 square feet and a largest size of 3,844 square feet, affecting seating capacity, kitchen efficiency, and overall operational costs;
- Financial performance, including the average cap rate of 5.15%, which influences the restaurant's profitability and potential for growth, as well as the average price per square foot of $1,146 USD, which affects the overall sale price.
