Retail

Ethan Allen (Ground Lease)

Sandy (Salt Lake City), UT

Price:

$5,460,000

Cap Rate:

4.75%

Long-Term, Abs NNN

Ground Lease

Year Built

2008

Rent-to-Sales Ratio

5.8%

Rental Escalations

10.0% Every 5 Years

Building Size

20,000 SF

INVESTMENT HIGHLIGHTS

Long-Term, Absolute NNN Ground Lease | 16+ Years Remaining
Rental Escalations | 10.0% Every 5 Years
Outstanding Sales Performance | 5.8% Rent-to-Sales Ratio
Low Rent PSF & High Residual Value | Huge Upside Potential

Premier Location with Proximity to Economic Drivers | The Cairns Mega Development
Outparcel to The Shops at South Town Mall | Utah's Largest Shopping Mall at 1.3 Million SF
Excellent Access & Visibility | Interstate 15: ±172,496 VPD & State Street: ±28,333 VPD