Apollo Burgers– Lehi, Utah
The subject property is located in Lehi, Utah about 25 miles south of downtown Salt Lake City. The subject property is located in Lehi, Utah just off of Interstate 15 in an affluent suburb called Thanksgiving Point. Thanksgiving Point is a major hub of financial and technology based companies with Adobe recently doubling the size of their footprint in the immediate market. The property is situated just off Interstate 15 with traffic counts of 156,000 cars per day and is located at the traffic intersection of Club house drive and Ashton Blvd with dominating visibility and two points of ingress and egress.. The site is located within a core commercial pocket surrounded by a tremendous amount of new commercial development including new class A office buildings, high-end retail and restaurants, and new medical complexes.
Apollo Burger is a family operated regional brand, known for their tasty burgers, located mainly in the greater Salt Lake City Utah market. Apollo Burger was started back in 1984 by the Ziouras family, and is currently run, operated, and managed by Michael Ziouras. Just last year Apollo Burger opened their 15th location and currently have a presence as far as North Salt Lake City and down into Provo, Utah as well as a location close to the Arizona/Nevada border in St. George. Apollo Burger continues to demonstrates strong in-store sales with a R/S rSatio consistently under 8.50%. Within a 5- mile radius there are nearly 150,000 people with average household incomes exceeding $140,000. Other surrounding retailers and amenities in the immediate area include 7-11, Starbucks, Hardee’s, Firehouse Subs, Popeye’s, Arby’s, Smashburger, Courtyard by Marriott, Hampton Inn and much more.