Description

Fastest growing Salt Lake City suburb, with astonishing 231.5% population growth over the past five years, and $80,362 average household income within a one mile radius. New, 2008 construction, with a building size of 14,820 square feet. The property is leased to Walgreen's (S&P rated: A+) for 25 years, on a NNN basis. Walgreen's is the nation's largest drugstore chain, with $59 billion in sales last year. During fiscal 2008, Walgreen's marked their 34th consecutive year of record earnings and sales. Walgreen's was also named in 2008 to Fortune magazine's list of Most Admired Companies for the 15th consecutive year.

The property is situated in the Salt Lake Metropolitan area, in a suburb known as Herriman. Based upon the most recent Census data, this city was the most rapidly growing larger city in Utah two years ago, and the third fastest last year. These growth figures are all the more impressive in light of the fact that Utah is the most rapidly growing state in the nation.

The property is located at the signalized corner of 13400 South and 5600 West, across the street from a shopping center anchored by one of the leading grocery chains in the area. Moreover, directly east of the shopping center ground was recently broken for a $1 Billion mixed use project under development by Billionaire James Sorenson' s company, which will include retail, office and high density residential space.