Property History
CASH FLOW – 7.15% CASH ON CASH RETURN: This investment offers an investor the opportunity to cash flow at a 7.15% cash on cash return by assuming the non-recourse, interest only loan at a well below market interest rate already in place. Please contact broker for more details.
TOP PERFORMING STORE PER PLACER.AI: This store ranks in the top 12% of theUnited States and is the #4 ranked store in the state of Utah, according to those tracked on Placer.ai.
STRATEGIC LOCATION: The site is outparceled to a Lowes Home improvement, Smith’s Food and Drug grocery store, & across the street from Hunter High School (Contains over 2600 students) which allows the site to benefit from strong traffic counts of over 19,000 vehicles per day on both 4100 S and 5600 W.
LONG TERM RECENTLY EXTENDED LEASE: In 2019 the tenant extended their lease an additional 10 years showing their commitment to the location, with ±7.5 years remaining and Six, 5 year options thereafter.
BEST IN CLASS TENANT: Walgreens’ market cap exceeds $31 billion with an investment grade credit rating of BBB. Walgreens has over 9,000 locations & is ranked #16 on Fortune 500 list.
STRONG DEMOGRAPHICS: Positioned in a highly populated area with more than 269,235 people in a 5-mile radius with an average household income of $87,689 within 2 miles.
PROXIMITY TO MAJOR HOSPITAL: Site is located only 2.9 Miles Southwest of the highly renowned 133-bed Jordan Valley Medical Center West Valley Campus.
ESSENTIAL RETAILER: Amidst the global pandemic, Walgreens was deemed an essential retailer and has continued to provide valuable goods and services throughout the pandemic. Walgreens not only stayed open, but they paid their rent in a timely manner throughout the pandemic.
Loan History
Financial History
Tax History
Contact Information
Ownership Information
Zoning
Property Details
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Comparable Properties
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