Description

The Flower Child property is a newly constructed, single-tenant net-lease investment within Mountain View Village in Riverton, Utah. Colliers is marketing the asset. The offering identifies a 15-year lease with percentage rent, annual base-rent increases and fixed CAM increases, including options.

Mountain View Village spans approximately 85 acres within a larger 600-acre mixed-use development about 25 miles south of downtown Salt Lake City. Nearby operators include Harmons, Cinemark, Sephora, Nike, Anthropologie and Kona Grill. The project's third phase includes additional retail, office, medical and hotel uses, with a future transit extension identified in the marketing materials. The five-mile area has approximately 208,410 residents and annual household income of $161,022. Review the lease and development schedule with the broker.