FOR SALE NET LEASE INVESTMENT
IN VE S T ME NT
FOR SALE
PROPERTY INFORMATION
1962 W 1800 N CLINTON, UT 84015
NET LEASE INVESTMENT
•
Rentable SF 14,820 Square Feet
•
1.71 Acres
•
Tenant: Walgreen Co.
•
Surrounded by National Retailers Including Lowe’s and McDonald’s
•
Excellent Corner Location and High Visibility Frontage
•
Increasing Traffic Count and Growing Population
•
Absolute Triple-Net (NNN) Lease
•
Annual Base Rent: $322,000.00
•
Lease Expiration Date: May 2029 (ten five year options)
•
Price $5,500,000
•
Cap Rate: 5.85%
DEMOGRAPHICS
1 MILE
5 MILE
2015 Estimated
11,435
164,256
2020 Projected
11,927
172,986
2015 Median HHI
$75,219
$65,963
2015 Average HHI
$80,513
$74,421
Population
Income
Adam Gatto 801.947.8375
[email protected]
Information provided by ESRI Business Analyst
CBC ADVISORS
IN V ES T MENT
6550 SOUTH MILLROCK DRIVE, SUITE 200 SALT LAKE CITY, UTAH (P) 801.947.8300
This statement with the information it contains is given with the understanding that negotiations relating to the purchase, renting or leasing of this property shall be conducted through this office. The information while not guaranteed has been secured from sources we believe to be reliable however, it is up to the buyer or tenant to verify the information and conduct appropriate due diligence. Coldwell Banker Commercial and its Logo are registered service marks owned by Coldwell Banker Real Estate, LLC. Each Office is Independently Owned and Operated. All Rights Reserved. © 2015
IN VE S T ME NT
FOR SALE
Adam Gatto 801.947.8375
[email protected]
CBC ADVISORS
IN V ES T MENT
6550 SOUTH MILLROCK DRIVE, SUITE 200 SALT LAKE CITY, UTAH (P) 801.947.8300
This statement with the information it contains is given with the understanding that negotiations relating to the purchase, renting or leasing of this property shall be conducted through this office. The information while not guaranteed has been secured from sources we believe to be reliable however, it is up to the buyer or tenant to verify the information and conduct appropriate due diligence. Coldwell Banker Commercial and its Logo are registered service marks owned by Coldwell Banker Real Estate, LLC. Each Office is Independently Owned and Operated. All Rights Reserved. © 2015
IN VE S T ME NT
FOR SALE FINANCIAL SUMMARY Price
LEASE SUMMARY $5,500,000
Rentable Square Feet
14,820 SF
Price / SF
$371.00
Cap Rate
5.85%
Net Cash Flow Year Built
Lease Type Roof and Structure
Tenant Responsible
Initial Lease Term
$322,000 2004
Lot Size
Absolute Triple-Net (NNN)
25 Years
Lease Commencement Date
2004
Lease Expiration Date (10- five year options)
2029
Effective Lease Term Remaining
1.71 Ac
14 Years
ANNUALIZED OPERATING DATA Base Rent ($21.72 SF / year) Net Operating Income Total
$26,833.33 $322,000 5.85% $322,000
Adam Gatto 801.947.8375
[email protected]
CBC ADVISORS
IN V ES T MENT
6550 SOUTH MILLROCK DRIVE, SUITE 200 SALT LAKE CITY, UTAH (P) 801.947.8300
This statement with the information it contains is given with the understanding that negotiations relating to the purchase, renting or leasing of this property shall be conducted through this office. The information while not guaranteed has been secured from sources we believe to be reliable however, it is up to the buyer or tenant to verify the information and conduct appropriate due diligence. Coldwell Banker Commercial and its Logo are registered service marks owned by Coldwell Banker Real Estate, LLC. Each Office is Independently Owned and Operated. All Rights Reserved. © 2015
20
00
W
-1 8
,00
5A
DT
IN VE S T ME NT
FOR SALE
1800 N -12,925 ADT
Adam Gatto 801.947.8375
[email protected]
CBC ADVISORS
IN V ES T MENT
6550 SOUTH MILLROCK DRIVE, SUITE 200 SALT LAKE CITY, UTAH (P) 801.947.8300
This statement with the information it contains is given with the understanding that negotiations relating to the purchase, renting or leasing of this property shall be conducted through this office. The information while not guaranteed has been secured from sources we believe to be reliable however, it is up to the buyer or tenant to verify the information and conduct appropriate due diligence. Coldwell Banker Commercial and its Logo are registered service marks owned by Coldwell Banker Real Estate, LLC. Each Office is Independently Owned and Operated. All Rights Reserved. © 2015
FOR SALE
PROPERTY INFORMATION
1962 W 1800 N CLINTON, UT 84015
NET LEASE INVESTMENT
•
Rentable SF 14,820 Square Feet
•
1.71 Acres
•
Tenant: Walgreen Co.
•
Surrounded by National Retailers Including Lowe’s and McDonald’s
•
Excellent Corner Location and High Visibility Frontage
•
Increasing Traffic Count and Growing Population
•
Absolute Triple-Net (NNN) Lease
•
Annual Base Rent: $322,000.00
•
Lease Expiration Date: May 2029 (ten five year options)
•
Price $5,500,000
•
Cap Rate: 5.85%
DEMOGRAPHICS
1 MILE
5 MILE
2015 Estimated
11,435
164,256
2020 Projected
11,927
172,986
2015 Median HHI
$75,219
$65,963
2015 Average HHI
$80,513
$74,421
Population
Income
Adam Gatto 801.947.8375
[email protected]
Information provided by ESRI Business Analyst
CBC ADVISORS
IN V ES T MENT
6550 SOUTH MILLROCK DRIVE, SUITE 200 SALT LAKE CITY, UTAH (P) 801.947.8300
This statement with the information it contains is given with the understanding that negotiations relating to the purchase, renting or leasing of this property shall be conducted through this office. The information while not guaranteed has been secured from sources we believe to be reliable however, it is up to the buyer or tenant to verify the information and conduct appropriate due diligence. Coldwell Banker Commercial and its Logo are registered service marks owned by Coldwell Banker Real Estate, LLC. Each Office is Independently Owned and Operated. All Rights Reserved. © 2015
IN VE S T ME NT
FOR SALE
Adam Gatto 801.947.8375
[email protected]
CBC ADVISORS
IN V ES T MENT
6550 SOUTH MILLROCK DRIVE, SUITE 200 SALT LAKE CITY, UTAH (P) 801.947.8300
This statement with the information it contains is given with the understanding that negotiations relating to the purchase, renting or leasing of this property shall be conducted through this office. The information while not guaranteed has been secured from sources we believe to be reliable however, it is up to the buyer or tenant to verify the information and conduct appropriate due diligence. Coldwell Banker Commercial and its Logo are registered service marks owned by Coldwell Banker Real Estate, LLC. Each Office is Independently Owned and Operated. All Rights Reserved. © 2015
IN VE S T ME NT
FOR SALE FINANCIAL SUMMARY Price
LEASE SUMMARY $5,500,000
Rentable Square Feet
14,820 SF
Price / SF
$371.00
Cap Rate
5.85%
Net Cash Flow Year Built
Lease Type Roof and Structure
Tenant Responsible
Initial Lease Term
$322,000 2004
Lot Size
Absolute Triple-Net (NNN)
25 Years
Lease Commencement Date
2004
Lease Expiration Date (10- five year options)
2029
Effective Lease Term Remaining
1.71 Ac
14 Years
ANNUALIZED OPERATING DATA Base Rent ($21.72 SF / year) Net Operating Income Total
$26,833.33 $322,000 5.85% $322,000
Adam Gatto 801.947.8375
[email protected]
CBC ADVISORS
IN V ES T MENT
6550 SOUTH MILLROCK DRIVE, SUITE 200 SALT LAKE CITY, UTAH (P) 801.947.8300
This statement with the information it contains is given with the understanding that negotiations relating to the purchase, renting or leasing of this property shall be conducted through this office. The information while not guaranteed has been secured from sources we believe to be reliable however, it is up to the buyer or tenant to verify the information and conduct appropriate due diligence. Coldwell Banker Commercial and its Logo are registered service marks owned by Coldwell Banker Real Estate, LLC. Each Office is Independently Owned and Operated. All Rights Reserved. © 2015
20
00
W
-1 8
,00
5A
DT
IN VE S T ME NT
FOR SALE
1800 N -12,925 ADT
Adam Gatto 801.947.8375
[email protected]
CBC ADVISORS
IN V ES T MENT
6550 SOUTH MILLROCK DRIVE, SUITE 200 SALT LAKE CITY, UTAH (P) 801.947.8300
This statement with the information it contains is given with the understanding that negotiations relating to the purchase, renting or leasing of this property shall be conducted through this office. The information while not guaranteed has been secured from sources we believe to be reliable however, it is up to the buyer or tenant to verify the information and conduct appropriate due diligence. Coldwell Banker Commercial and its Logo are registered service marks owned by Coldwell Banker Real Estate, LLC. Each Office is Independently Owned and Operated. All Rights Reserved. © 2015
