Overview

Description

• Brand new 15-Year lease with 2 (5-year) options to extend
• The lease features 2% annual rental increases throughout the initial term, steadily growing NOI and hedging against inflation
• The newly-constructed building features state-of-the-art design with high-quality materials

Owner/Agent: Members of the selling entity, Exclusive Listing Broker, are owners of this property

• The asset is located at the signalized, hard corner intersection of E. 5600 S and State Hwy 203 averaging a combined 37,500 vehicles passing by daily
• Ideally situated in a dense retail/industrial corridor, with numerous nearby national/credit tenants including Walmart Neighborhood Market, Walgreens, Starbucks, Dollar Tree, Jimmy Johns, Domino’s and many more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• Close proximity to Ogden Regional Medical Center (238 beds), further increasing consumer traffic to the site

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