New 5-year renewal with Petco until April 2026.
Two new leases in process with One Main Financial and Fresh Nails
The subject property is located on one of the busiest streets in Utah called Riverdale Road with 54,132 ADT (2018)
Cap Rate: 6.64
Strong performance from both Petco and Cycle Gear during COVID-19
95.13% occupancy with the two new proposed tenants
Riverdale is working on plans to add hundreds of new single-family homes, townhomes, and apartment units over the next few years.