Offering Memorandum 5393 West Daybreak Parkway // South Jordan, UT 84009 REPRESENTATIVE PHOTO Ty Miller Jake Woodward [email protected] [email protected] 801.930.6792 801.518.5050 CONTENTS Highlights 04 Investment Summary 07 Property Summary 08 Highlights 09 Highlights 10 Demos 11 REPRESENTATIVE PHOTO Novi at Jordan Valley Station 5600W R! Jordan Valley MOUNTAIN Medical Center R!JAGUARDR VIEW GOLF 9000 S COURSE !R WEST JORDAN Salt Lake HWY 111 Community H A College W L E Y P 2700W A 4800W R K R D NEW BINGHAM HWY M GLENMOOR SKYE DR 3200W 9800 S SHIELDS LN 2200W Merit Medical O GOLF COURSE Systems Inc Amazon U Fullfillment N T Center A I STATE HWY OLD BINGHAM HWY N V I R ! R! E SOUTH JORDAN W R S R! ! SOUTH JORDAN PKWY B COPPERTON H R! R! W South Jordan Y CityR! Hall 4000W Daybreak - 20k Res. Units / 9.1M SF of Comm. Space Salt Lake County WAY Equestrian Center RIM D K A EA YB DAY BR RE AK PKWY U of U 11400 S REDWOODRD Medical R! R R! Clinic ! Y W H S 11800 S SITE HU CC BA R! PLANNED !R RETAIL 3600W ANCHOR =>85 BANGERTER HWY R! T HERRIMAN M Riverton 12600 S Olympia Hills - S O Hospital 933 Acres. 6,330 N I U A Riverton Units. USU Campu M N N T City Hall A RIVERTON IM A R I HER Herriman NV 13100 S Towne I Center E Y W W R! R H ! IMAN 13200 S HERR R! N Mountain B View Village H !R W 13400 S R Y ! 13800 S BLUFFDALE Highlights | 4 HIGHLIGHTS INVESTMENT GRADE TENANT DAYBREAK UTAH • Starbucks is the worlds #1 specialty coffee retailer with more than • Master-Planned Community on Over 4,000 Acres 29,000 locations in 78 countries • Once Complete Daybreak Will Include 20,000 Homes, 14 Million Square Feet • Publicly traded on NASDAQ: SBUX of Commercial Space, and a Population of Over 50,000 • Triple Net Lease (NNN) - 10 year initial term with (4) 5 year options • Daybreak is Utah’s Fastest Growing Master-Planned Community and Leads as the Nation’s 10th Quickest Growing Community as well IDEALLY LOCATED • Affluent Neighborhood With an Average Annual Household Income Over $96,000 • Located on Light Anchored Corner • Anchored by Newly Developed Smiths Grocery Store BRAND NEW CONSTRUCTION • Site Sits Directly Off Mountain View Corridor • Starbucks Building to be Complete in Q2 of 2021 • High Traffic Counts: • Day Break Parkway - 18,000+ VPD • Mountain View Corridor - 32,000+ VPD • Surrounding Retailers Include Smiths Grocery, McDonald’s Wells Fargo, Costa Vida, Marcos Pizza, 7-Eleven and others 11800 SOUTH SALTMUSTANG LAKE TRAILCOUNTY WAY HERRIMAN, UT MO 100 ADT LAKE UNTAIN VIEW NB HWY DAYBREAK AVE PARKWAY 5740 W G O OSED TRAX L D PROP S R T U of U D O DUCKHORNMedical DR E N Clinic N E O D 32,820 ADT T R S Y COPPER STONE DR N PROPOSED TRAX N KEYSTONE DR U S 18,502 ADT K I T T Trail Y V Crossing A HA D W A N K HILL STONE DR IA R D D WILLOW WALK DR R 2,748 ADT 11800 S 14,047 ADT Copperwood Timbergate ADVANTAGE 496 Apartments Teton Center Units 288 Units ARTS ACADEMY SITE Utah State Liquor Store Rosegate Herriman PROPOSED TRAX PLOW LN Senior Apartments E MOUNTAIN VIEW SB HWY M 298 Units P D M O HERRIMAN HIGH V W 4,084 ADT BL A 3,200 STUDENTS AN PARK D BALE DR THEM M E 2 IN R Pinnacle 8,665 ADT C E Apartments D V E 422 Units R COW DR L C A Aspira at Anthem P Apartments I T 300 Units Anthem A N Commercial N L L H N C 1,092 ADT COPPER R ST MAIN HERRIMAN MOUNTAIN A 1,000 ADT N MIDDLE E K O B R L A B PROPOSED TRAX C K P O W D E LN R DR EN Proposed ER GU D PP LCH LN Y MUSTANG TRAILWAY Auto Mall CO O R C www.LegendLLP.com Service Layer Credits: C:\GIS\TrafficCount\UT\SLCO\11800sMtnView_Macro.mxd - 3/11/2021 Matt 11800 S MTN.SALT VIEWLAKE CORRIDORCOUNTY HERRIMAN, UT G R A N D G V O IL L L D E A S V DUCKHORN DR E T O N E U of U D Medical PROPOSED TRAX R PROPOSED TRAX Clinic 32,820 ADT U of U Health South Jordan Health Center BOYNTON LN PROP 18,502 ADT ALEX M OSED TRAX OUNTAIN VIEW SB HWY ANDRIA DR D R VERUCA WAY LL HI EY PUTN TRAIL CROSSING DR Trail MOUNTAIN VIEW NB HWY Crossing DIGORY DRBLACKBIRD LN V A D A DAYBREAK PKWY N IA D 5080 W R PROPOSED 11770 S 5020 W TRAX 14,047 ADT 11800 S 28,665 ADT SITE ROE DEER LN B R F LA U R CK S E H H IL E LS M D LN O Y R O A E Utah State M Liquor Store W P A P R R A E K E R D MARSH DEER RD Rosegate Herriman D K R MUSK DEER LN Senior Apartments A D I 298 Units R K S PROPOSED TRAX 4,084 ADT ANTHEM PARK BLVD Pinnacle Apartments 422 Units E L C A P Aspira at Anthem I T A Apartments N 300 Units MAIN HERRIMAN ST Anthem L Commercial N N L H 1,092 ADT N L C R H A C N R E A K O W COBRA ROCK LN R O PROPOSED TRAX PROPOSED B D N I W LN H C R A R E W O T N PROPOSED TRAX L S N I E G Proposed D M Y O O Auto Mall N R C L COPPER N GULCH LN N LN K EWA O P P E R S L ORE CART WAY N www.LegendLLP.com C:\GIS\TrafficCount\UT\SLCO\11800sMtnView.mxd - 3/9/2021 Matt Investment Summary | 7 INVESTMENT SUMMARY YEAR 1 RENT $112,473 PRICE $2,646,000 TERM 10 Years CAP 4.25% LEASE TYPE Corporate Net Lease PROPERTY SUMMARY ADDRESS 5393 West Daybreak Parkway South Jordan, UT 84009 BUILDING SIZE 2,285 SF LOT SIZE 23,731 SF YEAR BUILT 2021 Property Summary | 8 DAYBREAK, UTAH BEST MASTER PLANNED COMMUNITY IN UTAH: • Consisting of 4,100 acres, Daybreak will include 21,000 homes, 14 million square feet of commercial space, and a population of over 50,000 once fully developed. • Daybreak remains the best place to live in Utah according to real estate advisory firm, RCLCO • Daybreak is Utah’s fastest growing master-planned community and leads as the nation’s 5th quickest growing community as well. • The layout is designed on a principle called “The 5-minute rule” where every home is within a 5-minute walk to an amenity (shopping/dining, school, park, lake, pool) • The Community features a 65-acre recreational lake, 30+ miles of trails, and 12 parks GROWTH: • Since Daybreak was established in 2004, the community has ranked in the Top 20 communities in the survey multiple times • Currently, Daybreak is 30% built out with 8,000+ homes and a population of 25,000+ • 20% of new home sales each year come from existing Daybreak residents who choose to stay within the community as their needs change • For the first 6 months of 2020, Daybreak maintained a record-breaking pace, selling 507 homes, an increase of 40% compared to the same time last year DAYBREAK, UTAH LOCATION: • Utah is Top Ranked State for Business and Growth • “BEST STATE FOR BUSINESS,” Forbes • “TOP STATE FOR BUSINESS,” CNBC • One of five states to receive an A“ GRADE,” Digital States Survey • “Hot Startup City Not Names San Francisco” – Business Insider • Ogden and Provo - #1 and #2 “FASTEST JOB GROWTH IN THE NATION,” Bloomberg Business • Daybreak is located Directly off Mountain View Corridor; Mountain View Corridor is predicted to have the highest VPD (Vehicles Per Day) for residential traffic within 10 years • Located minutes from the new master planned development of the former Prison Site • Designed to have easy commutes on Public Transportation to downtown Salt Lake City and Silicon Slopes (Utah’s Tech Hub) • Daybreak residents are affluent with 68% earning above the median household income for Saltake L County • Average annual household income is $96,000 DEMOGRAPHICS 1 MILE 3 MILE 5 MILE POPULATION 19,143 96,597 218,904 AVG. HOUSEHOLD INCOME $100,137 $112,289 $120,806 HOUSEHOLDS 5,632 27,057 61,506 BUSINESSES 122 1,619 4,325 DAYTIME POPULATION 4,584 31,115 79,114 UTAH With 3 distinct geographic regions, five national parks, 45 state parks, 5 national historic sites & trails, and a dozen national monuments, Utah’s recreational opportunities have consistently captured the attention of millions of visitors every year. Utah’s location at the crossroads of the western United States means travelers enjoy easy access to The Greatest Snow on Earth, The Mighty Five national parks and everything in between. From backpacking to snowboarding, river rafting to bouldering, Utah offers outdoor attractions for anyone and everyone to enjoy. With a combination of strong employment growth, a vibrant tech industry and collaboration between business, labor and government, Utah’s economy is booming like never before. In U.S. News & World Report’s 2019 Best State Rankings, Utah ranked No. 1 for employment, No. 2 in economy, No. 3 for infrastructure, No.