Retail

Chili's (Ground Lease)

Sandy (Salt Lake City), UT

Price:

$3,830,224

Cap Rate:

5.35%

Absolute NNN

Ground Lease

Year Renovated

2022

Rent-to-Sales Ratio

4.5%

Operating History

25+ Years

Building Size

5,230 SF

INVESTMENT HIGHLIGHTS

Absolute NNN Ground Lease with Escalations
Outstanding Sales Performance | 4-Year Average Sales: $3.3 Million Annually
Percentage Rent Income | 4.5% Rent-to-Sales Income
25+ Year Operational History | Continuous Operation Since 1995 with High Likelihood of Renewal

Premier Location with Proximity to Economic Drivers | The Cairns Mega Development
Excellent Access & Visibility | Interstate 15: ±172,496 VPD
Outparcel to The Shops at South Town Mall | Utah's Largest Shopping Mall at 1.3 Million SF