LEHI MEADOWBROOK · 2020. 5. 15. · LEHI, UTAH 84043 SCOTT BRADY [email protected] direct 801.456.8804 View Profile ... Seller has no obligation to sell the Property unless and

LEHI MEADOWBROOKCOSTCO/LOWE’S SHADOW ANCHORED RETAIL SHOPPING CENTER

101 NORTH 1200 EASTLEHI, UTAH 84043

SCOTT [email protected] 801.456.8804View Profile

PROPOSEDPROPOSED

https://www.mtnwest.com/our-team/sbrady/

TABLE OF CONTENTS

INVESTMENT SUMMARY / RENT ROLL

4 PROPERTY FEATURES

5 MAP6 SITE PLAN 7 TENANT PROFILES

8 DEMOGRAPHICS 9

PROPOSEDPROPOSED

Mountain West Commercial Real Estate has been retained on an exclusive basis to market the property described as 101 North 1200 East, Lehi, Utah 84043. Broker has been authorized by seller of the property to prepare and distribute the enclosed information for the purpose of soliciting offers to purchase from interested parties. More detailed financial, title and tenant lease information may be made available upon request following the mutual execution of a letter of intent or contract to purchase between the Seller and the prospective purchaser. You are invited to review this opportunity and make an offer to purchase based upon your analysis. If your offer results in the Seller choosing to open negotiations with you, you will be asked to provide financial references. The eventual purchaser will be chosen based upon an assessment of price, terms, ability to close the transaction and such other matters as the Seller deems appropriate.

The Material is intended solely for the purpose of soliciting expressions of interest from qualified investors for the acquisition of the Property. The Material is not to be copied and /or used for any other purpose or made available to any other person without the express written consent of Broker or Seller. The Material does not purport to be all-inclusive or to contain all of the information that a prospective buyer may require. The information contained in the material has been obtained from the Seller and other sources and has not been verified by the Seller or its affiliates, agents, representatives, employees, parents, subsidiaries, members, managers, partners, shareholders, directors, or officers, makes any representation or warranty regarding such pro forma. Purchaser must make its own investigation of the Property and any existing or available financing, and must independently confirm the accuracy of the projections contained in the pro forma.

Seller reserves the right, for any reason, to withdraw the Property from the Market. Seller has no obligation, express or implied, to accept any offer. Further, Seller has no obligation to sell the Property unless and until the Seller executes and delivers a signed agreement of purchase and sale on terms acceptable to the Seller, in its sole discretion. By submitting an offer, a purchaser will be deemed to have acknowledged the foregoing and agreed to release Seller and Broker from any liability with respect thereto.

Property walk-throughs are to be conducted by appointment only. Contact Broker for additional information.

CONFIDENTIALITYAND DISCLOSURE

PREPARED BY

101 NORTH 1200 EASTLEHI, UTAH 84043

LEHIMEADOWBROOK

SCOTT [email protected] 801.456.8804View Profile

312 East South Temple | Salt Lake City, UT 84111 | Office 801.456.8800 | www.mtnwest.com

LEHI MEADOWBROOK

3


RENT ROLL

INVESTMENT SUMMARY

PSF MONTHLY ANNUAL LEASE TYPE TERM START EXPIRES PSF MONTHLY ANNUALMULTI-TENANT PAD BUILDINGS

A 1-2 Vacant 2,400 15.38% $25.00 $5,000 $60,000 NNN Contract 12/1/2011 4/30/2022 $25.00 $5,000.00 $60,000

A 3 Total Scrubs 1,200 7.69% $23.60 $2,360 $28,320 NNN Contract 12/1/2011 4/30/2022 $23.60 $2,360.00 $28,320

A 4 Vacant 960 6.15% $25.00 $2,000 $24,000 NNN Contract 12/1/2011 4/30/2022 $25.00 $2,000.00 $24,000

A 5 Domino’s 1,440 9.23% $25.00 $3,000 $36,000 NNN Contract 11/1/2020 10/31/2025 $25.00 $3,000.00 $36,000(At Lease) 11/1/2025 10/31/1930 $27.50 $3,300.00

Option 1 11/1/2030 10/31/2035 $30.25 $3,630.00 Option 2 11/1/2035 10/31/2040 $33.28 $3,993.00 Option 3 11/1/2040 10/31/2045 $36.60 $4,392.00

A 6-8 La Fountain 3,620 23.21% $29.57 $8,920 $107,043 NNN Contract 11/1/2015 10/31/2024 $29.57 $8,920.28 $107,043

A 9-10 Camera Shy 1,980 12.69% $26.00 $4,290 $51,480 NNN Contract 10/1/2011 4/30/2022 $26.00 $3,168.18 $51,480

A 11-13 Denny’s 4,000 25.64% $20.00 $6,667 $80,000 NNN Contract 1/1/2009 12/31/2028 $20.00 $6,666.67 $80,000

TOTALS 15,600 100.00% $32,236.95 $386,843

CAM INCOME & RECOVERY METHODSUITE #

TENANT NAME SQ. FT. % GLALEASE TERMS WITH OPTIONS & ESCALATIONS

MULTI-TENANT BUILDING PRICING INCOME:Gross Potential Income $386,843

EXPENSES (Vacancy/Reserves) 5% $19,342

NET OPERATING INCOME $367,501 Cap Rate 6.75%MARKET VALUE $5,444,457

BUYER CREDIT6 Month Rent Credit - 3,360 SF X $25.00 PSF $42,000 Tenant Improvement Allowance - 3,360 SF X $20.00 PSF $67,200 Leasing Commissions - 3,360 SF X $25.00 PSF X 5 Years X 6% $25,200 TOTAL $134,400

PURCHASE PRICE $5,310,057

PROPERTY FEATURES & LAND OVERVIEW

500 N

1200 E

STATE ST

+,8915,631 ADT

2,065 ADT

130020191

F:\Projects\SL\Brady\MeadowbrookLehi\Parcel.mxd - 2/24/2020 lplant

APN # ADDRESS ACRES SF

130020191 101 N 1200 E 1.77 15,600

PROPERTY FEATURES

Location 101 North 1200 East, Lehi UT 84043

Site Located on the north-west corner of 1200 E and State Street in Lehi, UT

Land Area Property consists of one (1) parcel totaling approximately 1.77 acres or 77,101 SF of land area

Building Area The subject property consists of one (1) retail building totaling approximately 15,600 SF of gross leasable area

Parking 79 spaces total 4 ADA spaces

Frontage & Access Access points to the center include two (2) entrances off road

Traffic Counts: State Street 15,631 cars/day 1200 East 2,065 cars/day

Year Built: 2008

Zoning: CR - Commercial Retail

LAND OVERVIEW


LEHI MEADOWBROOK

5

26,090 ADT

FRONTRUNNER SOUTH

+,89

200 S

PACIFIC DR

400 N

300 W

650 W

300 N

200 W

470 W

420 W

350 W

50 N

1000W

1330 E

500 N

1440 E

340 W

680 W

580 N330 N

COOPER HOLLOW DR

820 N

750 N

600W

440 N

500 N

175 N

120 N

450 N

800 N

900W

NATHAN BARNES ST

650 N

1320 E

550 N

400 W

600 N

560 W

590

W

1550 E WALNUTCT

700 N

840 N

1020 W

70 N

440W

1520 E

1650 E

680 N

800W

MEAD

OW

LN

570 W

8740 N

250 W

1580 E

410 N

1480 E

1410 E

30 N

1350 E

HINDLEY DR

480 N

490 W

950

W

460 N

920 W

NICHOLES LN

ROOSEVELT AVE

700 W

100 N

480 W

520 W

690 W

580

W80 N

400 N

280 N

630 N

450 W

MILL POND RD

550 N

990

W

200 S

780 WMILL POND DR

90 N

1200 E

900W

700 W

HUNTERSG

ROVE

LN

730 W

1800 E

GREEN SPRING WAY

240 N

200 N

KAWAKAM

I DR

INTERS

TATEPLAZA

DR

GRASSLAND DR

850E

COOP

ERHOLLOWDR

MAIN ST

1200 E

MAIN ST

WEST STATE RD

PIONEER XING

STATE ST STATE RD

%&'15

27,094 ADT

500 ADT

15,631 ADT

3,415 ADT

38,090 ADT

25,095 ADT

2,065 ADT

1,092 ADT

1,032 ADT

8,917ADT

31,974 ADT

29,141 ADT

194,284 ADT

1,032 ADT29,390 ADT

186,748 ADT

278

!I

SITE

AREA RETAIL

LEHI MEADOWBROOK312 East South Temple | Salt Lake City, UT 84111 | Office 801.456.8800 | www.mtnwest.com6

SITE PLAN1200 E

AS

T

STATE STREET89US US US

189

960

SF

AV

AIL

AB

LE

2,40

0 SF

A

VA

ILA

BLE

Prop

osed


LEHI MEADOWBROOK

7

Domino’s operates more than 14,000 pizza restaurants in more than 85 countries, and delivers more than 1.5 million pizzas each day. Domino’s delivery experts drive more than 10 million miles across the United States every week to bring you the best food we can make.

Corporate Guaranty

This is photography like you’ve never seen before. Our goal for every session is to capture beautiful images that will never go out of style, and also the fun and expressive images that really show your family’s personality! Camera shy provides the latest in style with creative photography that you’ll love to show off to friends and family and will look fantastic in your home.

Personal Guaranty

Denny’s is an American table service diner-style restaurant chain. It operates over 1,700 restaurants in the United States, Canada, Costa Rica, El Salvador, Mexico, The Dominican Republic, Guatemala, Japan, Honduras, New Zealand, Qatar, Philippines, United Arab Emirates, Curaçao, and the United Kingdom.

Corporate Guaranty

TENANT PROFILES

Total Scrubs began selling scrubs in 2001. We have a passion for what we do and we want to provide you with a TOTAL EXPERIENCE!

We want you to have an experience that will make you want to come back again and again and tell everyone you know. Four things will give you a TOTAL EXPERIENCE.

1. TOTAL SATISFACTION

2. TOTAL STYLE

3. TOTAL QUALITY

4. TOTAL SERVICE

La Fountain Mexican Restaurant was established in Utah in 2009 by the Ramos Brothers, who migrated from San Luis Potosi, Mexico to Utah. The hard-working and dedicated brothers worked for more than 15 years and decided to unite efforts and savings to open their first restaurant in West Valley City, initiating the achievement of their American Dream. At the beginning of 2018, La Fountain Mexican Restaurant opened their seventh La Fountain in the State of Utah.

Personal Guaranty

LEHI MEADOWBROOK312 East South Temple | Salt Lake City, UT 84111 | Office 801.456.8800 | www.mtnwest.com8

^̂

Salt Lake County

Utah County

Vineyard

Lindon

Bluffdale DraperAlpine

Lehi

SaratogaSprings

Cedar Hills

PleasantGrove

American Fork

Highland

Orem

+,89

FRONTRUNNER SOUTH

%&'15

F:\Projects\SL\Brady\MeadowbrookLehi\DemoRings.mxd - 4/13/2020 lp lant

1 M i l e

3 M i l es

5 M i l e s

BUFFERS - 1, 3, 5 MILES

DEMOGRAPHICS

POPULATION

HOUSEHOLDS & MEDIAN INCOME

1 MILE6,4762019 EST. POPULATION

3 MILES69,7492019 EST. POPULATION


1 MILE2,0092019 EST. HOUSEHOLDS

3 MILES20,3192019 EST. HOUSEHOLDS

5 MILES43,3752019 EST. HOUSEHOLDS

1 MILE$74,9362019 EST. INCOME

3 MILES$84,4772019 EST. INCOME

5 MILES$90,4312019 EST. INCOME

1 MILE7,4472024 EST. POPULATION




LEHI MEADOWBROOK

9

PROPOSEDPROPOSEDPROPOSEDPROPOSED

312 East South Temple l Salt Lake City, UT 84111 l Office 801.456.8800 l www.mtnwest.com

PREPARED BYSCOTT [email protected] 801.456.8804View Profile


LEHI MEADOWBROOK · 2020. 5. 15. · LEHI, UTAH 84043 SCOTT BRADY [email protected] direct 801.456.8804 View Profile ... Seller has no obligation to sell the Property unless and

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