STNL Flower Child

Highlights:

• Long-Term Lease with Percentage Rent | Investment Grade Credit
• Flower Child is owned by The Cheesecake Factory (NASDAQ: CAKE)
• New 15-Year Lease with Corporate Guaranty
• Positioned within Mountain View Village, a ±1MM SF mixed-use destination
• Benefits from frontage along 13400 South St. (±31,447 VPD)
• Located in a mature and dense trade area with ±208,410 residents with average household incomes of ±$161,022 within a 5-mile radius

Description:

Colliers is pleased to exclusively offer for sale a new construction single tenant net-leased Flower Child located within Mountain View Village – an ±85- acre mixed use destination that is part of a ±600-acre master development featuring additional residential, office, and retail, in the Salt Lake City, UT MSA.

The asset benefits from a 15-Year Lease with percentage rent, annual base rent and fixed CAM increases, including options, along with combined traffic counts in excess of ±50,943 VPD.

Mountain View Village has been drawing people 25 miles south of downtown Salt Lake with its vast amount of must-visit shops and restaurants. Notable national co-tenants include Harmons, Cinemark, Sephora, Nike, Anthropologie, Athleta, Lululemon, PetSmart, Kona Grill, Brandy Melville, and more. The project is in Phase III of development with additional retail, office, medical, hotel, and a future Trax Line transit line extension. Upon completion, Mountain View Corridor is projected to carry ±165,000 VPD.

The asset is surrounded by affluence with nearby neighborhoods that are well known for being impressive in size and finishes, servicing ±208,410 residents with an annual household income of ±$161,022 within a 5-mile radius.

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