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Views: 77 DOM: 115 Updated: 10.31.24 Posted: 08.27.24 Status: Active

Summary

Price $1,645,000
Built/Renov 2024
Tenant Swig
Cap Rate 5.50%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 650
Lease Start 09-01-2024
#Units 62
Price/SF $2,530.77
Expiration 08-31-2039
Tenant Type Fast Food/QSR
NOI $90,500
R. Term 14.8
Ownership Fee Simple
Rent/SF $139.23
Increases 10.0%/5/yrs
Pop 5Mi 95,495
Lot/AC 0.46
Options 2/5yrs/10%
AHHI 5Mi $126,641

Lease Highlights

  • Brand new 2024 construction
  • New 15-year lease with 2 (5-year) options to extend
  • The lease features 10% rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Swig is strategically located at the signalized, hard corner intersection of NW Chipman Road and NW Donovan Road, with access to a combined daily traffic count of 33,000 vehicles. The property is adjacent to three newly developed luxury apartment complexes: The Donovan, Summit Square, and The Trilogy, and is surrounded by several K-12 schools with over 9,000 students. It is an outparcel to a...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Swig
  • Guarantor:Corporate
  • Company:Larry H. Miller Company
  • # Units:62
  • Stock:Private

About Tenant

Swig, Home of the Original Dirty Soda, is one of the fastest-growing and most successful beverage-focused brands in the country. Founded in 2010 in St. George, Utah, by Nicole Tanner, Swig has...


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