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