Absolute Net walgreens LOCATED 1 mile from For more info on this opportunity please contact: JOHN ANDREINI RICK SANNER Utah valley university
[email protected] | (415) 274-2715
[email protected] | (415) 274-2709 in orem, ut CA BRE# 01440360 CA BRE# 01792433 BOB SANNER CHRIS KOstaNECKI
[email protected] | (415) 274-2717
[email protected] | (415) 274-2701 850 S State Street, Orem, UT 84097 CA BRE# 00869657 CA BRE# 01002010 IN CONJUNCTION WITH UT LICENSED BROKER: CHRIS HATCH, MOUNTAIN WEST RETAIL & INVESTMENT Capital Pacific collaborates. Click here to meet the rest of our San Francisco team. (801) 456-8805
[email protected] ABSOLUTE NET LEASED WALGREENS IN OREM UTAH JUST Investment Highlights ONE MILE FROM UTAH VALLEY UNIVERSITY AND LESS THAN 3 MILES FROM BRIGHAM YOUNG UNIVERSITY PRICE: $7,509,434 RENTABLE SF . 14,820 SF CAP: 5.3% PRICE PER SF . $506.71 LAND AREA . 76,230 SF TENANT HIGHLIGHTS YEAR BUILT . 2007 Strong investment-grade credit tenant (S&P “BBB” rating) Walgreens (NYSE: WBA) has the highest sales of any drugstore in the United States with more than $71 billion in annual sales and 8,215 locations as of June 30th, 2014 Walgreens ranked #37 on the Fortune 500 for 2014 PROPERTY HIGHLIGHTS The Orem/Provo MSA is home to Brigham Young University and Utah Valley University - enrollments between the two colleges are over 66,000 students Located in very dense retail area down the street from University Mall, a 1.5 million square foot enclosed mall with over 180 stores, including: Macy’s, H&M, Sports Authority, Cinemark, and Costco University Mall is undergoing a $500 million redevelopment that will include the strong retail element in place and will add 600,000 square feet of office space, 1,100 housing units, a two-acre civic plaza and park, a swim and tennis club, an outdoor music venue, and a hotel.