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The Nlag Advantage
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Salt Lake City, UT 84101
Key Bank Ground Lease
Property Address
1098 South 300 West, Salt Lake City, UT, USA
Offering Summary
Price:
$1,890,000
Lot Size:
0.82 Acres
Year Built:
2011
Building SF:
3,836
Status:
CLOSED
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Absolute Triple-Net (NNN) Ground Lease with 14 Years Remaining
10% Rental Increases Every 5 Years
Growing Deposits (58% Growth from 2015-2016)
Excellent Out Parcel Location in Target Anchored Center
Directly off of Interstate-15 (230,495 Cars per Day) – A Primary Connector Through Utah
TESLA Service Center and Charging Stations Opened in March 2015 Adjacent to the Center – The Only TESLA Service Center in Utah
Infill Salt Lake City – 300,000 Residents in a 5-Mile Radius
Close Proximity to Smith’s Ballpark – Home of the Salt Lake City Bees, AAA Anaheim Angels and the Utah Utes
260,000+ Daytime Employees in a 3-Mile Radius
Surrounded By National Tenants Including Walmart Supercenter, Lowe’s and Costco
2,141 Businesses within 1 Mile of the Property
5 Minutes from Downtown Salt Lake City
Broker Information
Jamie Medress
Agent
Phone Number:
602.687.6778
jmedress@marcusmillichap.com
Mark Ruble
Agent
Phone Number:
602.687.6766
mruble@marcusmillichap.com
Chris Lind
Agent
Phone Number:
602.687.6780
chris.lind@marcusmillichap.com
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