Key Bank

1098 S 300 W, Salt Lake City, UT
Deal Type:
Net Lease
Cap Rate:
Current Rent:
Lease Type:
Ground Lease
Landlord Responsibilities:
Lease Expiration Date:
Approx. 11 years
Renewal Options:
Four, 5-year options
Building Sq. Ft.:
3,836 sf
Rent Increases:
10% every five years
Site Size:
.82 acres

Investment Highlights

  • KeyBank credit rating (A-)
  • Absolute NNN ground lease structure
  • Contractual increases during base term (2026 increase)
  • $56 million in bank deposits
  • Outlot to Target anchored shopping center along major commuter highway (I15)
  • Dense infill location in growth market
  • Essential rent paying business
  • *2021 NOI, seller to credit buyer at closing

Listing Agents

Philip DiGennaro

Managing Director
203 610 1541

Connor Shell

Managing Director
407 913 9009

Jordan Shtulman

Managing Principal
847 226 4133

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