8+ years of WALT remaining providing investors long-term stability and a consistent income stream
All leases are backed by either personal (Bonchon, Children’s Art Classes, & Thirst) or corporate (Snelgrove) guaranties
Premier two-building retail development with drive-thrus completed in 2024
Dynamic mix of regional (Snelgrove & Thirst) and national (Bonchon & Children’s Art Classes) tenants driving traffic to the subject property
$153,000 average household incomes within a 5-mile radius of the subject property
OVERVIEW
Cold Spring is premier two-building retail development in Lehi, an affluent residential trade area boasting average household incomes of $153,000 within a 5-mile radius of the subject property. Both buildings feature drive-thrus and are fully occupied by a total of four tenants, all of which are on long-term leases with 8+ years of WALT remaining.