Salt Lake City, UH - The Hearth

Description:

• Approximately 4 years remaining on initial term
• Features annual 3% rental increases, steadily growing NOI and hedging against inflation
• Located along S Main St, which averages 11,700 vehicles passing by daily and is the major retail thoroughfare serving the city of Salt Lake City
• Positioned just east of Interstate 15 (301,700 VPD), a major north/south travelling highway connecting Salt Lake City to Las Vegas

- Located just north of a cluster of major retail tenants including Costco Wholesale, Sam’s Club, The Home Depot, and more
- Positioned a few files southeast of Salt Lake City International Airport, which had over 28 million passengers pass through in 2024
- Helps increase consumer flow to the subject property as well as ease and convenience for travel
- Situated in a high population area, helping draw in traffic from the local trade area