Culver’s

3372 S Jordan Parkway - South Jordan (Salt Lake City) UT 84095

LTV (Loan to Value)	65.00%	Current NOI	$0.00
Interest Rate	4.250%	Capital Rate	5.750%
Fixed Term	10 Years	Land Area	+/- 1.035 Acres
Amortization	25 Years	Lease Type	Absolute NNN
Loan Amount	$2,239,250.00	Property Type	Retail
Payment	$12,130.87	Property Lease	Food Service
Bulding Size	0 SF	Remaining Terms	Approx. 15 Years

Location Description

NNN Lenders is pleased to offer for sale, to qualified investors, the fee simple interest in a newly constructed (2015) Culver's. Upon closing, the owner of this location will execute a sale leaseback featuring 15 years of base term with 5, five-year options and 5% increases every five years. In addition, this will be a true absolute triple net lease with no landlord responsibilities.

Highlights

Lengthy Lease Term – New 15-year, absolute NNN lease. There are no Landlord maintenance obligations. Rent Increases – Rent increases…

Property Description

South Jordan is a suburb of Salt Lake City, and lies in the Salt Lake Valley. The city is part of the Salt Lake City MSA, which is home to approximately 1,153,340 residents. South Jordan has an estimated total population of 64,175, and boasts an average household income of $101,277 within three miles of the subject property. According to the US Census Bureau, South Jordan is one of the fastest growing cities in America. In 2012 and 2013, South Jordan's population growth ranked 2nd and 3rd in the nation, respectively, and it experienced an additional year-over-year population increase of 14% in 2014.