158 North red Cliffs rd
158 North Red Cliffs Rd St. George, Utah Net Leased Investment 5.62% Cap Rate
Investment / capital markets
INVESTMENT HIGHLIGHTS • Extremely rare percentage rent Starbucks • Strong historical percentage rent growth provides upside • Only Smashburger or Starbucks available for sale in Utah • New 10 year lease for Starbucks • Only I-15 adjacent Starbucks in St. George Offering Price
$3,600,000
Cap Rate (Year 1):
5.62%
NOI (Year 1):
$202,174
Lease Term: Starbucks
10 years (expires 10/30/24)
Smashburger
2.5 years (expires 11/19/17)
Ownership
Fee Simple Interest
Building GLA:
4,000+- Square Feet
Year Built:
Click to view Confidentiality Agreement and Offering Memorandum
2004
For more information, please contact:
Travis J. Parry sior, ccim
Tom Callister
Andrew Sorensen ccim
(435) 986 4708
(435) 986 4709
(435) 986 4705
Senior Director
[email protected]
Director
[email protected]
Director
[email protected]
Cushman & Wakefield | Commerce
2 West St. George Blvd., Suite 10 St. George, Utah 84770 (435) 673 7111 www.comre.com
©2015, Commerce Real Estate Solutions. Disclaimer: The above information is given with the obligation that all negotiations relating to the purchase, renting, or leasing of the property described above shall be conducted through Commerce Real Estate Solutions. No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other encumbrances, withdrawal without notice, and to any special listing conditions imposed by the seller. Prospective buyers should conduct their own due diligence. Some aerial photography by DigitalGlobe or Aerials Express. path: G:\1 - Projects\St George\Parry_Travis\1 - Flyers\158RedCliffsRoad_Flyer
Net Leased Investment
D RE
DR
200 E
HI
RE D
RD
ST GEORGE BLVD
Smashburger IP Holder LLC www.smashburger.com
40 A DT
ER
DE SI
DR 30 N
35,2
400 E
700 E
100 S
V RI
N
Y
ST GEORGE BLVD
700 S
Representative Photo D
T
IX I
3650 S
RIVE
Click Here Google Maps
10 S
25
ST A K E FA RM RD
RR D
R D
15
,1 10
E
A
D
L
H TELEGRAP 33,675 ADT ST GEORGE BLVD
300 E
FF ST BLU
D RE
W PK LS
3050 E
BLVD
17 0
DR
SET
GE
APH ST EGR TEL
39,540 ADT
ID TR
ING T O N PKWY ASH W
WY PK
SUN
EAS
N YO N
15
8
DR
Actual Property Interior
ST
CL IF F
A
A
TE
R
C
Los Angeles 388 Miles 6 Hour Drive
SANTA C LA R
23, 660
T D A
R D D LA H IG H
ST A
St. George
SD
91
OW SN
AY
18
H W
DT
N
OW SN
Las Vegas 119 Miles 2 hour drive
Y
Starbucks Corporation www.starbucks.com
Y
IG
W
Salt Lake City 302 Miles 5 Hour Drive
N
W
50 S
RI V ER
N
RD
For more information, please contact:
Travis J. Parry sior, ccim
270
360
22,350 ADT 100 S
100 S
450
N
N
Click to view Confidentiality Agreement and Offering Memorandum
170 South Main Street, Suite 1600, Salt Lake City, UT 84101 (801) 322-2000
N
F:\TrafficCount\UT\WACO\Stgeoblvd-Riverrd.mxd 3/27/2015 10:51:28 AM mliapis
Andrew Sorensen ccim Director
(435) 986 4705
[email protected]
W
2.25
180
PK
1.8
RN
Cushman & Wakefield | Commerce
2 West St. George Blvd., Suite 10 St. George, Utah 84770 (435) 673 7111 www.comre.com
©2015, Commerce Real Estate Solutions. Disclaimer: The above information is given with the obligation that all negotiations relating to the purchase, renting, or leasing of the property described above shall be conducted through Commerce Real Estate Solutions. No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other encumbrances, withdrawal without notice, and to any special listing conditions imposed by the seller. Prospective buyers should conduct their own due diligence. Some aerial photography by DigitalGlobe or Aerials Express. path: G:\1 - Projects\St George\Parry_Travis\1 - Flyers\158RedCliffsRoad_Flyer
George, Utah
Y
1.35
[email protected]
HE
Miles
(435) 986 4709
SO
90
St George Blvd & River Rd St George, Utah
Director UT
[email protected]
45
Tom Callister
Senior Director
(435) 986 4708
Feet
0
KW Y
MR D
TP
I GHA
AIR PO R
BR
1200 E
H
CA
YO
PK
LINE DR
CENTER ST
N
0A
S
CR EST
8 10,9
10,980 ADT
H
L IL
43 ,
350 N
86 0
PARK ST
Property Location
AD T
St. George, Utah
H
D
158 North Red Cliffs Road
1363 East 170 South, Suite 100, St. George, UT 84790 (435) 673-7111
Investment / capital markets
INVESTMENT HIGHLIGHTS • Extremely rare percentage rent Starbucks • Strong historical percentage rent growth provides upside • Only Smashburger or Starbucks available for sale in Utah • New 10 year lease for Starbucks • Only I-15 adjacent Starbucks in St. George Offering Price
$3,600,000
Cap Rate (Year 1):
5.62%
NOI (Year 1):
$202,174
Lease Term: Starbucks
10 years (expires 10/30/24)
Smashburger
2.5 years (expires 11/19/17)
Ownership
Fee Simple Interest
Building GLA:
4,000+- Square Feet
Year Built:
Click to view Confidentiality Agreement and Offering Memorandum
2004
For more information, please contact:
Travis J. Parry sior, ccim
Tom Callister
Andrew Sorensen ccim
(435) 986 4708
(435) 986 4709
(435) 986 4705
Senior Director
[email protected]
Director
[email protected]
Director
[email protected]
Cushman & Wakefield | Commerce
2 West St. George Blvd., Suite 10 St. George, Utah 84770 (435) 673 7111 www.comre.com
©2015, Commerce Real Estate Solutions. Disclaimer: The above information is given with the obligation that all negotiations relating to the purchase, renting, or leasing of the property described above shall be conducted through Commerce Real Estate Solutions. No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other encumbrances, withdrawal without notice, and to any special listing conditions imposed by the seller. Prospective buyers should conduct their own due diligence. Some aerial photography by DigitalGlobe or Aerials Express. path: G:\1 - Projects\St George\Parry_Travis\1 - Flyers\158RedCliffsRoad_Flyer
Net Leased Investment
D RE
DR
200 E
HI
RE D
RD
ST GEORGE BLVD
Smashburger IP Holder LLC www.smashburger.com
40 A DT
ER
DE SI
DR 30 N
35,2
400 E
700 E
100 S
V RI
N
Y
ST GEORGE BLVD
700 S
Representative Photo D
T
IX I
3650 S
RIVE
Click Here Google Maps
10 S
25
ST A K E FA RM RD
RR D
R D
15
,1 10
E
A
D
L
H TELEGRAP 33,675 ADT ST GEORGE BLVD
300 E
FF ST BLU
D RE
W PK LS
3050 E
BLVD
17 0
DR
SET
GE
APH ST EGR TEL
39,540 ADT
ID TR
ING T O N PKWY ASH W
WY PK
SUN
EAS
N YO N
15
8
DR
Actual Property Interior
ST
CL IF F
A
A
TE
R
C
Los Angeles 388 Miles 6 Hour Drive
SANTA C LA R
23, 660
T D A
R D D LA H IG H
ST A
St. George
SD
91
OW SN
AY
18
H W
DT
N
OW SN
Las Vegas 119 Miles 2 hour drive
Y
Starbucks Corporation www.starbucks.com
Y
IG
W
Salt Lake City 302 Miles 5 Hour Drive
N
W
50 S
RI V ER
N
RD
For more information, please contact:
Travis J. Parry sior, ccim
270
360
22,350 ADT 100 S
100 S
450
N
N
Click to view Confidentiality Agreement and Offering Memorandum
170 South Main Street, Suite 1600, Salt Lake City, UT 84101 (801) 322-2000
N
F:\TrafficCount\UT\WACO\Stgeoblvd-Riverrd.mxd 3/27/2015 10:51:28 AM mliapis
Andrew Sorensen ccim Director
(435) 986 4705
[email protected]
W
2.25
180
PK
1.8
RN
Cushman & Wakefield | Commerce
2 West St. George Blvd., Suite 10 St. George, Utah 84770 (435) 673 7111 www.comre.com
©2015, Commerce Real Estate Solutions. Disclaimer: The above information is given with the obligation that all negotiations relating to the purchase, renting, or leasing of the property described above shall be conducted through Commerce Real Estate Solutions. No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other encumbrances, withdrawal without notice, and to any special listing conditions imposed by the seller. Prospective buyers should conduct their own due diligence. Some aerial photography by DigitalGlobe or Aerials Express. path: G:\1 - Projects\St George\Parry_Travis\1 - Flyers\158RedCliffsRoad_Flyer
George, Utah
Y
1.35
[email protected]
HE
Miles
(435) 986 4709
SO
90
St George Blvd & River Rd St George, Utah
Director UT
[email protected]
45
Tom Callister
Senior Director
(435) 986 4708
Feet
0
KW Y
MR D
TP
I GHA
AIR PO R
BR
1200 E
H
CA
YO
PK
LINE DR
CENTER ST
N
0A
S
CR EST
8 10,9
10,980 ADT
H
L IL
43 ,
350 N
86 0
PARK ST
Property Location
AD T
St. George, Utah
H
D
158 North Red Cliffs Road
1363 East 170 South, Suite 100, St. George, UT 84790 (435) 673-7111
