Recovery Innovations
Long-Term Triple Net Leased Investment, Corporate guaranteed by Recovery Innovations, Inc
Marketing description
Prime NNN Investment Opportunity – Salt Lake City, UT
2411 S 1070 W, Salt Lake City, UT 84119
Exceptional long-term triple net leased investment backed by a corporate guarantee from Recovery Innovations Inc. This recession-resistant behavioral health tenant provides stability and predictable income.
Highlights:
5+ years remaining on primary term
Two (2) five-year extension options with annual rent increases
NOI: $198,551.28 | Cap Rate: 6.20%
Lot Size: 1.55 acres | Zoning: B/RP Business Park
Price: Below replacement cost
Location: Easy access to TRAX and major transportation routes
1031 Exchange: Buyer to cooperate with seller
Investment highlights
Address: 2411 S 1070 W, Salt Lake City, UT 84119
Property Type: Long-Term Triple Net (NNN) Lease
Tenant: Recovery Innovations Inc. (Corporate Guarantee)
Lease Term:
5+ years remaining on primary term
Two (2) five-year extension options with annual rent increases
Recession-Resistant Tenant: Behavioral health services
Lot Size: 1.55 acres
Zoning: B/RP – Business Park
Location: Easy access to TRAX and major transportation routes
Price: Below replacement cost
1031 Exchange: Buyer to cooperate with seller’s 1031 exchange
Why Invest?
✔ Corporate-backed lease for security
✔ Built-in rent growth
✔ Strategic location in Salt Lake City business park
✔ Ideal for 1031 exchange investors
Financials
NOI: $198,551.28
Cap Rate: 6.20%
Annual Rent Increases: Built into base term and extensions
Two (2) five-year extension options with annual rent increases
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