Overview

Description

We are pleased to offer to qualified investors an opportunity to purchase fee simple (ownership of land and building) single tenant investment that is 100% leased to Floor & Decor (NYSE: FND) on a brand new 10 year corporate lease with 10% rental increases every five years including all option periods (4 - 5 year options). Floor & Decor offers investors stable long term cash flow as their recent IPO in April, 2017 and material reduction in debt has led to a significant improvement in Tenant credit. Furthermore, the subject property is experiencing a 2017/2018 renovation and sits on the highly trafficked W Riverdale Rd - 41,900 VPD - providing excellent exposure for the approximately 187,000 residents living within a 5 mile radius of the property. This is a rare opportunity to buy a recently renovated, brand new 10 year corporate lease (improved credit strength), with 10% increases every five years, supported by strong demographics, and minimal landlord responsibilities

Highlights

• Brand New 10 Year Corporate Lease - 2017/2018 Renovation
• Floor & Decor (NYSE: FND) - Improved Credit from Recent IPO and Material Reduction in Debt
• NN Lease - Minimal Landlord Responsibilities - Roof & Structure Only
• Riverdale, UT – Part of Ogden-Clearfield, UT MSA – Affluent Utah MSA
• Strong Supporting Demographics - 187,186 Residents Within 5-Mile Radius
• Affluent Neighborhood - Over $68,500 in AHHI within 5-Mile Radius
• Close Proximity to Weber State University (4 Miles Away) – Over 24,000 Students
• Primary East/West Corridor – Over 41,900 Vehicles Per Day
• Main Retail Hub for Northern Utah – Home Depot, Walmart Supercenter, Sam’s Club, Target, and At Home
• Strong Employment Base - The IRS is Ogden’s Largest Employer With Over 5,000 Employees

Documents

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