Early renewal from Michaels to extend until February 2025
Strong historical sales from both Michaels and Old Navy
Riverdale is working on plans to add hundreds of new single-family homes, townhomes, and apartment units over the next few years.
Cap Rate: 6.74
New lease with Old Navy until May 2025
The subject property is located on one of the busiest streets in Utah called Riverdale Road with 54,132 ADT (2018).
Riverdale is arguably the best retail corridor in both Weber & Davis Counties.