Retail

REI & Momentum Indoor Climbing

Sandy (Salt Lake City), UT

Price:

$12,895,000

Cap Rate:

6.50%

Long-Term Leases

NN (R&S)

Year Built

2002

Synergistic Tenant

Relationship

Operating History

15+ Years

Total Building Size

36,983 SF

INVESTMENT HIGHLIGHTS

Long-Term Leases with Rental Increases | REI: 9+ Years LTR & Momentum: 8+ Years LTR
15+ Year Operating History | Long-Term, Continued Operation with High Likelihood of Renewal
Synergistic Relationship Between the Tenants | Catering to the Needs of Popular Local Activities with Ample Crossover Shopping

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