GENERATIONAL LEASED FEE INTEREST IN SALT LAKE CITY'S LEAD ENTERTAINMENT DISTRICT:
The offering presents a once-in-a-generation opportunity to acquire a leased fee interest in one of the most impressive and improved land parcels in Salt Lake City. Totaling ±1.71 acres, the separately parceled site is part of the larger “The Gateway” mixed-use development directly across from Delta Center, home of the widely celebrated Utah Jazz of the National Basketball Association and the Utah Hockey Club of the National Hockey League.
DURABLE CASH FLOW WITH INFLATIONARY HEDGE:
New ownership enjoys an in-place ground lease that spans ±98 remaining years. The lease generates an in-place net income totaling $1.1 million each year. A fifteen-percent increase in rent every decade provides an attractive hedge against future inflationary pressures.
EASE OF OWNERSHIP:
The NNN lease in-place requires minimal management from new ownership. Any operational risk is fully assumed by an experienced tenancy who has assembled a formidable business plan.