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Flower Child 4422 Tree Sparrow Ln 3,716 SF Retail Building Riverton, UT 84096 $4,905,000 ($1,319.97/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term Lease with Percentage Rent | Investment Grade Credit
- New 15-Year Lease with Corporate Guaranty
- Benefits from frontage along 13400 South St. (±31,447 VPD)
- Flower Child is owned by The Cheesecake Factory (NASDAQ: CAKE)
- Positioned within Mountain View Village, a ±1MM SF mixed-use destination
- Located in a mature and dense trade area with ±208,410 residents with average household incomes of ±$161,022 within a 5-mile radius
EXECUTIVE SUMMARY
Colliers is pleased to exclusively offer for sale a new construction single tenant net-leased Flower Child located within Mountain View Village – an ±85- acre mixed use destination that is part of a ±600-acre master development featuring additional residential, office, and retail, in the Salt Lake City, UT MSA.
The asset benefits from a 15-Year Lease with percentage rent, annual base rent and fixed CAM increases, including options, along with combined traffic counts in excess of ±50,943 VPD.
Mountain View Village has been drawing people 25 miles south of downtown Salt Lake with its vast amount of must-visit shops and restaurants. Notable national co-tenants include Harmons, Cinemark, Sephora, Nike, Anthropologie, Athleta, Lululemon, PetSmart, Kona Grill, Brandy Melville, and more. The project is in Phase III of development with additional retail, office, medical, hotel, and a future Trax Line transit line extension. Upon completion, Mountain View Corridor is projected to carry ±165,000 VPD.
The asset is surrounded by affluence with nearby neighborhoods that are well known for being impressive in size and finishes, servicing ±208,410 residents with an annual household income of ±$161,022 within a 5-mile radius.
The asset benefits from a 15-Year Lease with percentage rent, annual base rent and fixed CAM increases, including options, along with combined traffic counts in excess of ±50,943 VPD.
Mountain View Village has been drawing people 25 miles south of downtown Salt Lake with its vast amount of must-visit shops and restaurants. Notable national co-tenants include Harmons, Cinemark, Sephora, Nike, Anthropologie, Athleta, Lululemon, PetSmart, Kona Grill, Brandy Melville, and more. The project is in Phase III of development with additional retail, office, medical, hotel, and a future Trax Line transit line extension. Upon completion, Mountain View Corridor is projected to carry ±165,000 VPD.
The asset is surrounded by affluence with nearby neighborhoods that are well known for being impressive in size and finishes, servicing ±208,410 residents with an annual household income of ±$161,022 within a 5-mile radius.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,716 SF
Building Class
B
Year Built
2025
Price
$4,905,000
Price Per SF
$1,319.97
Cap Rate
5.25%
NOI
$257,556
Tenancy
Single
Building Height
1 Story
Building FAR
0.43
Lot Size
0.20 AC
Zoning
Commercial - Commercial
NEARBY MAJOR RETAILERS
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Flower Child | 4422 Tree Sparrow Ln
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