Big Box Redevelopment Opportunity ASKING PRICE …...Big Box Redevelopment Opportunity /-121,956 SF...
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Big Box Redevelopment Opportunity +/-121,956 SF Retail Building on 10.24 Acres West Jordan Town Center | 6748 South Redwood Road West Jordan, Utah 84084 PROPERTY SUMMARY PROPERTY DESCRIPTION AERIALS PLANS & PHOTOS DEMOGRAPHICS MAPS MARKET DATA LEGAL DISCLAIMER FILES FOR DOWNLOAD CONTACTS PURCHASING GUIDELINES Landmark Property & Development, LLC is proud to announce this exciting redevelopment opportunity with an asking price of $5,500,000. This retail location will close to the public on October 24th, 2020 and will be available for re-occupancy or redevelopment on or about December 1, 2020. We invite you to review this information package and to make an offer on this property. A printed version of this package is available upon request. REDEVELOPMENT OPPORTUNITY ASKING PRICE $5,500,000
Transcript of Big Box Redevelopment Opportunity ASKING PRICE …...Big Box Redevelopment Opportunity /-121,956 SF...
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
Landmark Property amp Development LLC is proud to announce this exciting redevelopment opportunity with an asking price of $5500000 This retail location will close to the public on October 24th 2020 and will be available for re-occupancy or redevelopment on or about December 1 2020 We invite you to review this information package and to make an offer on this property A printed version of this package is available upon request
REDEVELOPMENT OPPORTUNITY
ASKING PRICE$5500000
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
PROPERTY SUMMARY PROPERTY SUMMARY
bull Located at the NWQ of Redwood Rd and 7000 South in West Jordan UT West Jordan is the 2nd largest city in Utah and is located on the west side of Salt Lake County The site is situated on the main retail corridor along Redwood Rd Other major retailers in the trade area include Walmart Smithrsquos Grocery Harmonrsquos Grocery Regal Cinemas TJ Maxx Ross Lucky Market Harbor Freight Petco and JoAnn Fabrics The site fronts the southbound side of Redwood Rd and is located 946 miles South West of Downtown Salt Lake City
bull Traffic Counts on Redwood Rd are 44731 ADT and 25317 ADT on 7000 South located at the south end of the adjacent shopping center
bull Great access to the site with 2 full access curb cuts to the Target parking lot The subject property is located 112 miles south of the I-215 interchange that has 113132 cars per day
bull Good signage with two large pylon sign along Redwood Rd and one large pylon sign along 7000 South with the potential for additional signage in the adjacent shopping center Great visibility from Redwood Rd
bull Subject property is directly adjacent to West Jordan Town Center a 180132 SF retail shopping center occupied by Lucky Market Petco Granite Furniture Batteries Plus Bulbs and several other small retailers and restaurants
6748 South Redwood Road West Jordan Utah 84084
DEMOGRAPHICS (2019 ESTIMATE)
5 MILEPOPULATION 409552MEDIAN HH INCOME $66672AVERAGE HH INCOME $83183MEDIAN AGE 325NUMBER OF HOUSEHOLDS 134527TOTAL DAYTIME 402242TOTAL EMPLOYEES 198487
For a more detailed demographics report see the Files for Download section
bull Outparcels - There are several retail pads within the larger West Jordan Town Center development however there are no outparcels on the subject property After multiple meetings with the City of West Jordan the City may allow two additional pad sites on the subject property along Redwood Rd
bull Exposure - Both the storefront and the pylon signs are visible from both north and south bound traffic along Redwood Rd
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
PROPERTY DESCRIPTIONPROPERTY DESCRIPTION
The following information is included herein for informational reference purposes only and all building specifications shall be confirmed by Buyer at Buyerrsquos expense
DESCRIPTION OF THE LAND LOCATIONLocated at the NWQ of Redwood Rd and 7000 South in West Jordan UT West Jordan is located in West Jordan which is located in Salt Lake County The site fronts on the southbound side of Redwood Rd and is located 946 miles southwest of Downtown Salt Lake City
LEGAL DESCRIPTIONLOT 7 WEST JORDAN TOWN CENTER (Parcel Number ndash 21223270090000)
LEGAL OWNER SELLERDayton Hudson Corporation (ldquoTargetrdquo)
AVAILABILITYDecember 1 2020
SIZEThe subject site contains approximately 121956 SF of building on 1024 acres
CONFIGURATIONDIMENSIONSIrregular in shape basically 393rsquo wide by 308rsquo deep fronting Redwood Rd
AGEBuilt in 1998
TOPOGRAPHY DRAINAGEThe property sits at roughly the same grade at Redwood Rd and drains to the detention pond located on the south side of the building Flat and regular minimal slope
SIGNAGETwo (2) pylon signs along Redwood Rd with Target logo on the top panel The Northern pylon is shared with Petco and DVD-Game Exchange on two lower panels The Southern pylon is shared with Massage Envy and Marcorsquos Pizza on two lower panels Both pylons are approximately 35rsquo high and very visible from Redwood Rd There is one additional Pylon sign along 7000 South with Target in a lower position with Lucky Market in the top position and Del Taco occupying a small lower panel adjacent to Target The third pylon is roughly 35rsquo tall and has great visibility to 7000 South
ACCESSTwo (2) curb cuts to the Target parking lot immediately east of the site at full turn access points along Redwood Rd
PARKINGAsphalt paved parking lot Initially site approved for approximately 534 parking spaces in the front field Buyer to verify parking counts and ratio
ZONING ANALYSIS Subject property is zoned SC-2 (which allows for a variety of uses including retail and food service)
All tours or investigations of the property must be pre-arranged with the broker
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
PROPERTY DESCRIPTION
PROPERTY DESCRIPTIONEASEMENTSENCUMBRANCESThe subject property features standard easements (Servitudes in Utah) associated with drainage access to the retention pond utilities access etc
UTILITIESUtilities to the property include water sewer electricity and natural gas Total 2019 utility costs were approximately $92000
CAMA Common Area Maintenance Agreement (see files for download) governs maintenance of the shopping center The share of the 2020 CAM budget allocated to the Property is approximately $94000
TAXES TAX YEAR 2019
ASSESSED VALUE $10657200AD VALOREM TAX PAID $12965500
DESCRIPTION OF IMPROVEMENTS
EXTERIOR DESCRIPTION
SIZEDESIGNThe building contains an estimated gross building area of approximately 121956 SF The building is generally rectangular in configuration The center depth of the store is approximately 308rsquo with approximately 393rsquo of store frontage The building features a three-bay dock-high loading dock
EXTERIOR WALLSWINDOWSThe exterior of the building is commercial concrete block construction CMU covered with EFIS The stores features one primary entrance on the southern end facing east toward Redwood Rd
ROOFDRAINAGERoof Installed 2016 (only 3 years old) (Make) Sika (Model) 60 mil Sikaplan
DIMENSIONS OF SPACEApproximately 393rsquo wide by 308rsquo deep
LOADING DOCKSThe building features a three-bay dock-high loading dock
EQUIPMENT AND MECHANICAL SYSTEMS
HVAC ELECTRICAL AND PLUMBINGHVAC - 20 units totalling 146 tons approximately 22 years oldThe units are manufactured by AAON All were installed in 1998 with minimal work orders over the past 3 years
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
AERIAL
AERIALS
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
CLOSE UP AERIAL
AERIALS
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
BUILDING PHOTOS
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLAN FLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
BUILDING PHOTOS
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLAN FLOOR PLAN
Redwood Rd Redwood Rd 7000 South
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
BUILDING PHOTOS
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLANFLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
ALTA SURVEY
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLANFLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
SITE PLAN
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLANFLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
FLOOR PLAN
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLANFLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
DEMOGRAPHICS
DEMOGRAPHICS
The median age within 5 miles of the subject property is 325 years with a median household income of $66408 The estimated median housing value for 2019 was $321428 Demographics represent only full-time residents and actual home ownership
DEMOGRAPHICS (2019 ESTIMATE)
3 MILES 5 MILES 10 MILESPOPULATION 132142 409552 1050784MEDIAN HH INCOME $68672 $66408 $74119AVERAGE HH INCOME $83183 $82273 $94317MEDIAN AGE 329 325 328NUMBER OF HHrsquos 42915 134527 343332TOTAL DAYTIME 124950 402242 1093870TOTAL EMPLOYEES 59844 198487 565600
For a more detailed demographics report see the Files for Download section
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
SITE LOCATION MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
ABSOLUTE POPULATION GROWTH MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
2019 POPULATION INCOME MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
CITY OF WEST JORDAN UTAH
GEOGRAPHIC LOCATIONThe City of West Jordan (118855 POP) is the second largest city in the state of Utah and is located on the west side of I-15 in Salt Lake County (17M POP) The site is in close proximity to I-215 with 113132 ADT Traffic counts on the adjacent streets include 44731 ADT on Redwood Rd and 25317 ADT on 7000 South
POPULATIONYEAR CITY OF WEST JORDAN2019 118855
CITY SUMMARY (City of West Jordan Information)This area of West Jordan is characterized by national and local retail and a growing housing market The median household income in a 5-mile radius is $66408 with a population of 409552 in 134527 housing units (6287 of the units are owned 3713 of the units are rented and only 22 are vacant) Within a 3-mile radius the median household income is slightly higher at $68627 with a total population of 132142 and a total number of household units at 42915 The median home value in the area is $318266 which is lower than Salt Lake County at $461191 and slightly lower than the state median home value of $363583
There is one 220000 SF Super Walmart store in this submarket located 152 miles North on Redwood Rd The other regional shopping center in the trade area is the 728000 SF Crossroads at Taylorsville anchored by Target (opening Sept 2020) Regal Cinema (opened 2017) Ross TJ Maxx (opened 2018) JoAnn Fabrics and a Harmonrsquos Grocery (remodeled in 2017) West Jordan is located 936 miles south of Utahrsquos largest International Airport that is currently going through a $4 Billion expansion that will be completed in various phases with the final phase scheduled for completion in 2024
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
THE TOP REASONS WHY YOU SHOULD CHOOSE WEST JORDANbull Strong business advocacy and environment providing economic development relocation incentives on a state and local levelbull Extensive transportation system including multiple interstate highways bus rail and air transportationbull Great public educationalbull Extensive recreational opportunities in the surrounding areas such as skiing mountain biking hiking camping rock climbing
fishing and many othersbull Only 946 Miles from Downtown Salt Lakebull 15-minute drive time from the two largest indoor shopping malls in the state City Creek Mall and Fashion Place Mallbull Close proximity to a multitude of restaurants and services
EDUCATIONThe City of West Jordan is home to 107 schools between preschools to high schools with a total student population of 54511 The students in West Jordan perform slightly above the state averages with proficiency in English 2 above the state average Math 2 above the state average and Science 3 above the state average
ARTS RECREATION amp ENTERTAINMENTWest Jordan is a great place to live work and play It is centrally located in the Salt Lake City Metro area and 946 miles southwest of Downtown Salt Lake West Jordan is a 30-45 minute drive from 6 world class ski resorts (Deer Valley Park City Brighton Solitude Snowbird Alta) an hour East to the Uinta National Forest where there are a multitude of camping and hiking locations and 3-4 hours north of 5 National Parks (Arches Capitol Reef Zion Bryce Canyon Lands)
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
NEIGHBORHOOD DEMOGRAPHICSThe city of West Jordan has a population of 118855 people with a median age of 298 and a median household income of $78799 In 2010 the Census count in the area was 103611 Since 2010 the popluation has grown at a rate of 149 year over year The five-year projection for the population in the area is 126938 representing a change of 132 annually from 2019 to 2024 Currently the population is 504 male and 496 female
The population of West Jordan UT is 790 White 12 Black and 199 Hispanic The median property value in West Jordan UT is $318266 and the home ownership rate is 729
ECONOMIC SUMMARY
MAJOR EMPLOYERS BY RANK INDUSTRY EMPLOYEES1 Jordan School District Education 31452 Smiths Food 7303 Jordan Valley Medical Center Hospital 6904 Mountain America Credit Union Banking 6005 Union City of West Jordan City Offices 5536 Walmart Retail 5817 Sysco Intermountain Food Services 4388 SME Industries Steel 3759 National Benefit Services Benefit Administration 29810 Dannon Company Food 250
NOTEABLE BUSINESSES BUSINESS ACTIVITY IN THE WEST JORDAN AREAbull Boeing completed the expansion of its West Jordan facility in September 2015 Boeingrsquos expanded an 850000 SF building from a vacant warehouse to a composite fabrication production center with 100 employees where they manufacture the horizontal stabilizer for the 787-9 Dreamlinerbull Oracle has a global information technology facility in West Jordan bull West Jordan is the site for SME Steelrsquos headquarters
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
Landmark Property amp Development LLC has been retained as exclusive advisor and broker to Target Corporation (ldquoOwnerrdquo) regarding the sale of a 121956 square foot building being referred to as Target (T-768) in West Jordan Utah (ldquoPropertyrdquo)
This Confidential Offering Memorandum has been prepared by Landmark Property amp Development LLC for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the Property or any of the documents related thereto nor does it purport to be all-inclusive or to contain all of the information which prospective investors may need or desire All projections have been developed by Landmark Property amp Development LLC Owner and designated sources and are based upon assumptions relating to the general economy competition and other factors beyond the control of Landmark Property amp Development LLC and Owner and therefore are subject to variation No representation is made by Landmark Property amp Development LLC or Owner as to the accuracy or completeness of the information contained herein and nothing contained herein is or shall be relied on as a promise or representation as to the future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC Owner and their employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Owner and their employees disclaim any and all liability for representations and warranties expressed and implied contained in or for omissions from the Confidential Offering Memorandum or any other written or oral communication transmitted or made available to the recipient
LEGAL DISCLAIMER
LEGAL DISCLAIMERThe Confidential Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the Property or Owner since the date of preparation of the Confidential Offering Memorandum Analysis and verification of the information contained in the Confidential Offering Memorandum is solely the responsibility of the prospective purchaser Additional information and an opportunity to inspect the Property will be made available upon request to interested and qualified prospective investors
Owner expressly reserves the right at its sole discretion to reject any or all expressions of interest or offers regarding the Property andor terminate discussions with any entity at any time with or without notice Owner shall have no legal commitment or obligation to any entity reviewing the Confidential Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Owner a written agreement for the purchase of the Property has been fully executed delivered and approved by Owner and its legal counsel and any conditions to Ownerrsquos obligations there under have been satisfied or waived
This Confidential Offering Memorandum and the contents except such information which is a matter of public record or is provided in sources available to the public are of a confidential nature By accepting the Confidential Offering Memorandum you agree that you will not use the Confidential Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of Owner or Landmark Property amp Development LLC
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
Documents will open in a new window and may take a few minutes to download
If you are not prompted to Save or Open click refresh on your browserrsquos window
FILES FOR DOWNLOAD
FILES FOR DOWNLOAD
DOWNLOAD
You may also request a hard copy amp disc of plans from Joren Peterson at jorenlandmarkpdcom and Hayden Peterson at haydenlandmarkpdcom
BROKER REGISTRATIONCERTIFICATE
DOWNLOAD
DOWNLOAD PLAT
DOWNLOAD ALTA SURVEY
DOWNLOAD DECLARATION OF RESTRICTIONS AND EASEMENTS
DOWNLOAD
DOWNLOAD DEMOGRAPHIC REPORT
DOWNLOAD FLOOR PLANDOWNLOAD
DOWNLOAD ZONING
COMMON AREA MAINTENANCEAGREEMENT
1ST 2ND amp 3RD AMENDMENTS TO DECLARATION OF RESTRICTIONS AND EASEMENTS
DECLARATIONS OF EASEMENTS COVENANTS CONDITIONS AND RESTRICTIONS
DOWNLOAD SITE PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
CONTACTS
FOR MORE INFORMATION PLEASE CONTACTBROKER CONTACTS
JOREN PETERSON HAYDEN PETERSON
4356596979 4356598747jorenlandmarkpdcom haydenlandmarkpdcom
Landmark Property amp Landmark Property amp Development Development PO Box 980580 PO Box 980580Park City UT 84098 Park City UT 84098
CITY CONTACT NUMBERS
PLANNING AND ZONING OFFICE8015695060FIRE ADMINISTRATION8012607300POLICE DEPARTMENT (NON-EMERGENCY)8018404000BUILDING INSPECTION AND PERMITS8015695050
APPROVING PARTY TO THE DECLARATION OF RESTRICTIONS AND EASEMENTS
WRIWest Jordan LLC Albertsons IncWeingarten Realty Investors 250 Parkcenter Blvd2600 Citadel Plaza Drive PO Box 20Houston TX 77008 Boise ID 83726Attn President Attn Legal Dept Lou Brock Phone 3038013702
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
OFFERING TERMSThe asking price is $5500000
INITIAL DUE DILIGENCEPLEASE DO NOT DISTURB STORE EMPLOYEES OR CUSTOMERSThe opportunity to investigate and tour the Property will be made available upon request to interested and qualified buyers Buyers and their representatives MAY NOT tour the interior of the building on their own Once arranged in accordance with these guidelines property tours will be scheduled coordinated and conducted by representatives of Landmark Property amp Development LLC Each prospective Buyer is to rely solely upon its own investigation evaluation and judgment as to the conditions attributes and value of the property
INSPECTION PERIOD EXPIRATION DATE Recommend sixty (60) days or less due diligence period
CLOSE OF ESCROWRecommend thirty (30) days or less from expiration of due diligence
PERSONAL PROPERTY TRADE FIXTURES AND SYSTEMSOn or before the Closing Date Seller shall have the right (but not the obligation) to remove from the Property (i) any or all of Sellerrsquos inventory trade fixtures and other removable personal property (including but not limited to point of sale equipment) (ii) Sellerrsquos compactor bailer and generator and (iii) Sellerrsquos security energy management and phone systems
CONDITION OF SALEThe property is being offered in its ldquoas isrdquo condition Purchaser shall confirm by Purchaserrsquos own due diligence the condition and suitability of the property without any reliance upon information provided herein
PURCHASING GUIDELINES
PURCHASING GUIDELINESDOCUMENTATIONTarget will prepare the Option Agreement and related documents
TITLE REPORTTo be provided by Target upon execution of the Option Agreement
EXCLUSIVE BROKERLandmark Property amp Development LLC hereinafter referred to as ldquoSellerrsquos Brokerrdquo pursuant to a separate listing agreement with Target Corporation All brokers and prospective purchasers must sign and return the Broker Registration Certificate contained in the ldquoFiles for Downloadrdquo section herein
PROPERTY CONTACTSA list of informational contacts is included in the ldquoContactsrdquo section of this presentation
OFFER FORMATPlease note that all final LOIrsquos will be put on Target form It is highly recommended that all offers be made in the form of a Letter of Intent (LOI) and should include at a minimum the following information bull A full outline of the terms offeredbull Purchase price upon close of escrowbull Contingencies (detailed) and length of due diligence periodbull Source of Buyerrsquos financingbull Amount of initial deposit monies (not less than $100000) to
be deposited and held with a designated Title Company in an interest bearing account
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTbull Upon completion of the due diligence period an additional
non-refundable deposit of $100000 to be deposited and held by the designated Title Company in an interest bearing account In no event shall the due diligence period go beyond sixty (60) days
bull Close of escrow to be no sooner and no later than thirty (30) days after completion of due diligence unless extended by Target as described elsewhere herein
bull A detailed description of the proposed use of the site including the nature of the planned operator(s) In this regard Target intends to confirm anchor tenant(s) interest in this location
bull A Buyerrsquos corporate resume including a list of recent purchases of similar properties with at least five related references
bull A contact name and means of contact for Buyerrsquos firm (including e-mail address)
bull Identification of Buyerrsquos broker if any together with a statement that no other brokers are involved whom can rightfully claim to represent the Buyer Buyer understands that Target will rely on this information See the Broker Registration Certificate included herein which must be completed and submitted with each bid
REVIEW OF OFFER(S)
Right to RejectLandmark Property amp Development LLC and Target will review all offers Acceptability of offers will be based on purchase price Buyerrsquos financials Buyerrsquos business resume and reputation ability and willingness of the Buyer to close the sale length of time to close and other pertinent factors of concern to Target Landmark Property amp Development LLC and Target expressly reserve the right in their sole discretion to review andor reject any or all expressions of interest or offers to purchase the Property andor to terminate discussions with any person or entity at any time with or without notice Target shall have no legal commitment or obligations to any person or entity reviewing the Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Target an Option Agreement for the purchase of the Property has been fully executed delivered and approved by Target and its legal counsel and any conditions to Targetrsquos obligations thereunder have been satisfied or waived
Confidentiality Conditions and DisclaimerThis Offering Memorandum has been prepared by Landmark Property amp Development LLC for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the subject Property or any of the documents related thereto nor does it purport to be all-inclusive or to contain all of the information which prospective buyers may need or desire No representation is made by Landmark Property amp Development LLC or Target as to the accuracy or completeness of the information contained herein nor in subsequently provided
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTmaterials and nothing contained herein is or shall be relied on as a promise or representation as to the condition of or future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC as well as Target and its employees disclaim any responsibility for inaccuracies and expect prospective buyers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Target and its employees disclaim any and all liability for representations and warranties expressed andor implied contained in or for omission from the Offering Memorandum or any other written or oral communication transmitted or made available to the recipient The Offering Memorandum does not constitute a representation that there have been no changes of any nature involving the Property since the date of preparation of the Offering Memorandum Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective Buyer
Joren PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356596979jorenlandmarkpdcom
Hayden PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356598747haydenlandmarkpdcom
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
PROPERTY SUMMARY PROPERTY SUMMARY
bull Located at the NWQ of Redwood Rd and 7000 South in West Jordan UT West Jordan is the 2nd largest city in Utah and is located on the west side of Salt Lake County The site is situated on the main retail corridor along Redwood Rd Other major retailers in the trade area include Walmart Smithrsquos Grocery Harmonrsquos Grocery Regal Cinemas TJ Maxx Ross Lucky Market Harbor Freight Petco and JoAnn Fabrics The site fronts the southbound side of Redwood Rd and is located 946 miles South West of Downtown Salt Lake City
bull Traffic Counts on Redwood Rd are 44731 ADT and 25317 ADT on 7000 South located at the south end of the adjacent shopping center
bull Great access to the site with 2 full access curb cuts to the Target parking lot The subject property is located 112 miles south of the I-215 interchange that has 113132 cars per day
bull Good signage with two large pylon sign along Redwood Rd and one large pylon sign along 7000 South with the potential for additional signage in the adjacent shopping center Great visibility from Redwood Rd
bull Subject property is directly adjacent to West Jordan Town Center a 180132 SF retail shopping center occupied by Lucky Market Petco Granite Furniture Batteries Plus Bulbs and several other small retailers and restaurants
6748 South Redwood Road West Jordan Utah 84084
DEMOGRAPHICS (2019 ESTIMATE)
5 MILEPOPULATION 409552MEDIAN HH INCOME $66672AVERAGE HH INCOME $83183MEDIAN AGE 325NUMBER OF HOUSEHOLDS 134527TOTAL DAYTIME 402242TOTAL EMPLOYEES 198487
For a more detailed demographics report see the Files for Download section
bull Outparcels - There are several retail pads within the larger West Jordan Town Center development however there are no outparcels on the subject property After multiple meetings with the City of West Jordan the City may allow two additional pad sites on the subject property along Redwood Rd
bull Exposure - Both the storefront and the pylon signs are visible from both north and south bound traffic along Redwood Rd
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
PROPERTY DESCRIPTIONPROPERTY DESCRIPTION
The following information is included herein for informational reference purposes only and all building specifications shall be confirmed by Buyer at Buyerrsquos expense
DESCRIPTION OF THE LAND LOCATIONLocated at the NWQ of Redwood Rd and 7000 South in West Jordan UT West Jordan is located in West Jordan which is located in Salt Lake County The site fronts on the southbound side of Redwood Rd and is located 946 miles southwest of Downtown Salt Lake City
LEGAL DESCRIPTIONLOT 7 WEST JORDAN TOWN CENTER (Parcel Number ndash 21223270090000)
LEGAL OWNER SELLERDayton Hudson Corporation (ldquoTargetrdquo)
AVAILABILITYDecember 1 2020
SIZEThe subject site contains approximately 121956 SF of building on 1024 acres
CONFIGURATIONDIMENSIONSIrregular in shape basically 393rsquo wide by 308rsquo deep fronting Redwood Rd
AGEBuilt in 1998
TOPOGRAPHY DRAINAGEThe property sits at roughly the same grade at Redwood Rd and drains to the detention pond located on the south side of the building Flat and regular minimal slope
SIGNAGETwo (2) pylon signs along Redwood Rd with Target logo on the top panel The Northern pylon is shared with Petco and DVD-Game Exchange on two lower panels The Southern pylon is shared with Massage Envy and Marcorsquos Pizza on two lower panels Both pylons are approximately 35rsquo high and very visible from Redwood Rd There is one additional Pylon sign along 7000 South with Target in a lower position with Lucky Market in the top position and Del Taco occupying a small lower panel adjacent to Target The third pylon is roughly 35rsquo tall and has great visibility to 7000 South
ACCESSTwo (2) curb cuts to the Target parking lot immediately east of the site at full turn access points along Redwood Rd
PARKINGAsphalt paved parking lot Initially site approved for approximately 534 parking spaces in the front field Buyer to verify parking counts and ratio
ZONING ANALYSIS Subject property is zoned SC-2 (which allows for a variety of uses including retail and food service)
All tours or investigations of the property must be pre-arranged with the broker
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
PROPERTY DESCRIPTION
PROPERTY DESCRIPTIONEASEMENTSENCUMBRANCESThe subject property features standard easements (Servitudes in Utah) associated with drainage access to the retention pond utilities access etc
UTILITIESUtilities to the property include water sewer electricity and natural gas Total 2019 utility costs were approximately $92000
CAMA Common Area Maintenance Agreement (see files for download) governs maintenance of the shopping center The share of the 2020 CAM budget allocated to the Property is approximately $94000
TAXES TAX YEAR 2019
ASSESSED VALUE $10657200AD VALOREM TAX PAID $12965500
DESCRIPTION OF IMPROVEMENTS
EXTERIOR DESCRIPTION
SIZEDESIGNThe building contains an estimated gross building area of approximately 121956 SF The building is generally rectangular in configuration The center depth of the store is approximately 308rsquo with approximately 393rsquo of store frontage The building features a three-bay dock-high loading dock
EXTERIOR WALLSWINDOWSThe exterior of the building is commercial concrete block construction CMU covered with EFIS The stores features one primary entrance on the southern end facing east toward Redwood Rd
ROOFDRAINAGERoof Installed 2016 (only 3 years old) (Make) Sika (Model) 60 mil Sikaplan
DIMENSIONS OF SPACEApproximately 393rsquo wide by 308rsquo deep
LOADING DOCKSThe building features a three-bay dock-high loading dock
EQUIPMENT AND MECHANICAL SYSTEMS
HVAC ELECTRICAL AND PLUMBINGHVAC - 20 units totalling 146 tons approximately 22 years oldThe units are manufactured by AAON All were installed in 1998 with minimal work orders over the past 3 years
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
AERIAL
AERIALS
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
CLOSE UP AERIAL
AERIALS
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
BUILDING PHOTOS
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLAN FLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
BUILDING PHOTOS
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLAN FLOOR PLAN
Redwood Rd Redwood Rd 7000 South
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
BUILDING PHOTOS
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLANFLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
ALTA SURVEY
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLANFLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
SITE PLAN
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLANFLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
FLOOR PLAN
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLANFLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
DEMOGRAPHICS
DEMOGRAPHICS
The median age within 5 miles of the subject property is 325 years with a median household income of $66408 The estimated median housing value for 2019 was $321428 Demographics represent only full-time residents and actual home ownership
DEMOGRAPHICS (2019 ESTIMATE)
3 MILES 5 MILES 10 MILESPOPULATION 132142 409552 1050784MEDIAN HH INCOME $68672 $66408 $74119AVERAGE HH INCOME $83183 $82273 $94317MEDIAN AGE 329 325 328NUMBER OF HHrsquos 42915 134527 343332TOTAL DAYTIME 124950 402242 1093870TOTAL EMPLOYEES 59844 198487 565600
For a more detailed demographics report see the Files for Download section
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
SITE LOCATION MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
ABSOLUTE POPULATION GROWTH MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
2019 POPULATION INCOME MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
CITY OF WEST JORDAN UTAH
GEOGRAPHIC LOCATIONThe City of West Jordan (118855 POP) is the second largest city in the state of Utah and is located on the west side of I-15 in Salt Lake County (17M POP) The site is in close proximity to I-215 with 113132 ADT Traffic counts on the adjacent streets include 44731 ADT on Redwood Rd and 25317 ADT on 7000 South
POPULATIONYEAR CITY OF WEST JORDAN2019 118855
CITY SUMMARY (City of West Jordan Information)This area of West Jordan is characterized by national and local retail and a growing housing market The median household income in a 5-mile radius is $66408 with a population of 409552 in 134527 housing units (6287 of the units are owned 3713 of the units are rented and only 22 are vacant) Within a 3-mile radius the median household income is slightly higher at $68627 with a total population of 132142 and a total number of household units at 42915 The median home value in the area is $318266 which is lower than Salt Lake County at $461191 and slightly lower than the state median home value of $363583
There is one 220000 SF Super Walmart store in this submarket located 152 miles North on Redwood Rd The other regional shopping center in the trade area is the 728000 SF Crossroads at Taylorsville anchored by Target (opening Sept 2020) Regal Cinema (opened 2017) Ross TJ Maxx (opened 2018) JoAnn Fabrics and a Harmonrsquos Grocery (remodeled in 2017) West Jordan is located 936 miles south of Utahrsquos largest International Airport that is currently going through a $4 Billion expansion that will be completed in various phases with the final phase scheduled for completion in 2024
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
THE TOP REASONS WHY YOU SHOULD CHOOSE WEST JORDANbull Strong business advocacy and environment providing economic development relocation incentives on a state and local levelbull Extensive transportation system including multiple interstate highways bus rail and air transportationbull Great public educationalbull Extensive recreational opportunities in the surrounding areas such as skiing mountain biking hiking camping rock climbing
fishing and many othersbull Only 946 Miles from Downtown Salt Lakebull 15-minute drive time from the two largest indoor shopping malls in the state City Creek Mall and Fashion Place Mallbull Close proximity to a multitude of restaurants and services
EDUCATIONThe City of West Jordan is home to 107 schools between preschools to high schools with a total student population of 54511 The students in West Jordan perform slightly above the state averages with proficiency in English 2 above the state average Math 2 above the state average and Science 3 above the state average
ARTS RECREATION amp ENTERTAINMENTWest Jordan is a great place to live work and play It is centrally located in the Salt Lake City Metro area and 946 miles southwest of Downtown Salt Lake West Jordan is a 30-45 minute drive from 6 world class ski resorts (Deer Valley Park City Brighton Solitude Snowbird Alta) an hour East to the Uinta National Forest where there are a multitude of camping and hiking locations and 3-4 hours north of 5 National Parks (Arches Capitol Reef Zion Bryce Canyon Lands)
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
NEIGHBORHOOD DEMOGRAPHICSThe city of West Jordan has a population of 118855 people with a median age of 298 and a median household income of $78799 In 2010 the Census count in the area was 103611 Since 2010 the popluation has grown at a rate of 149 year over year The five-year projection for the population in the area is 126938 representing a change of 132 annually from 2019 to 2024 Currently the population is 504 male and 496 female
The population of West Jordan UT is 790 White 12 Black and 199 Hispanic The median property value in West Jordan UT is $318266 and the home ownership rate is 729
ECONOMIC SUMMARY
MAJOR EMPLOYERS BY RANK INDUSTRY EMPLOYEES1 Jordan School District Education 31452 Smiths Food 7303 Jordan Valley Medical Center Hospital 6904 Mountain America Credit Union Banking 6005 Union City of West Jordan City Offices 5536 Walmart Retail 5817 Sysco Intermountain Food Services 4388 SME Industries Steel 3759 National Benefit Services Benefit Administration 29810 Dannon Company Food 250
NOTEABLE BUSINESSES BUSINESS ACTIVITY IN THE WEST JORDAN AREAbull Boeing completed the expansion of its West Jordan facility in September 2015 Boeingrsquos expanded an 850000 SF building from a vacant warehouse to a composite fabrication production center with 100 employees where they manufacture the horizontal stabilizer for the 787-9 Dreamlinerbull Oracle has a global information technology facility in West Jordan bull West Jordan is the site for SME Steelrsquos headquarters
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
Landmark Property amp Development LLC has been retained as exclusive advisor and broker to Target Corporation (ldquoOwnerrdquo) regarding the sale of a 121956 square foot building being referred to as Target (T-768) in West Jordan Utah (ldquoPropertyrdquo)
This Confidential Offering Memorandum has been prepared by Landmark Property amp Development LLC for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the Property or any of the documents related thereto nor does it purport to be all-inclusive or to contain all of the information which prospective investors may need or desire All projections have been developed by Landmark Property amp Development LLC Owner and designated sources and are based upon assumptions relating to the general economy competition and other factors beyond the control of Landmark Property amp Development LLC and Owner and therefore are subject to variation No representation is made by Landmark Property amp Development LLC or Owner as to the accuracy or completeness of the information contained herein and nothing contained herein is or shall be relied on as a promise or representation as to the future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC Owner and their employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Owner and their employees disclaim any and all liability for representations and warranties expressed and implied contained in or for omissions from the Confidential Offering Memorandum or any other written or oral communication transmitted or made available to the recipient
LEGAL DISCLAIMER
LEGAL DISCLAIMERThe Confidential Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the Property or Owner since the date of preparation of the Confidential Offering Memorandum Analysis and verification of the information contained in the Confidential Offering Memorandum is solely the responsibility of the prospective purchaser Additional information and an opportunity to inspect the Property will be made available upon request to interested and qualified prospective investors
Owner expressly reserves the right at its sole discretion to reject any or all expressions of interest or offers regarding the Property andor terminate discussions with any entity at any time with or without notice Owner shall have no legal commitment or obligation to any entity reviewing the Confidential Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Owner a written agreement for the purchase of the Property has been fully executed delivered and approved by Owner and its legal counsel and any conditions to Ownerrsquos obligations there under have been satisfied or waived
This Confidential Offering Memorandum and the contents except such information which is a matter of public record or is provided in sources available to the public are of a confidential nature By accepting the Confidential Offering Memorandum you agree that you will not use the Confidential Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of Owner or Landmark Property amp Development LLC
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
Documents will open in a new window and may take a few minutes to download
If you are not prompted to Save or Open click refresh on your browserrsquos window
FILES FOR DOWNLOAD
FILES FOR DOWNLOAD
DOWNLOAD
You may also request a hard copy amp disc of plans from Joren Peterson at jorenlandmarkpdcom and Hayden Peterson at haydenlandmarkpdcom
BROKER REGISTRATIONCERTIFICATE
DOWNLOAD
DOWNLOAD PLAT
DOWNLOAD ALTA SURVEY
DOWNLOAD DECLARATION OF RESTRICTIONS AND EASEMENTS
DOWNLOAD
DOWNLOAD DEMOGRAPHIC REPORT
DOWNLOAD FLOOR PLANDOWNLOAD
DOWNLOAD ZONING
COMMON AREA MAINTENANCEAGREEMENT
1ST 2ND amp 3RD AMENDMENTS TO DECLARATION OF RESTRICTIONS AND EASEMENTS
DECLARATIONS OF EASEMENTS COVENANTS CONDITIONS AND RESTRICTIONS
DOWNLOAD SITE PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
CONTACTS
FOR MORE INFORMATION PLEASE CONTACTBROKER CONTACTS
JOREN PETERSON HAYDEN PETERSON
4356596979 4356598747jorenlandmarkpdcom haydenlandmarkpdcom
Landmark Property amp Landmark Property amp Development Development PO Box 980580 PO Box 980580Park City UT 84098 Park City UT 84098
CITY CONTACT NUMBERS
PLANNING AND ZONING OFFICE8015695060FIRE ADMINISTRATION8012607300POLICE DEPARTMENT (NON-EMERGENCY)8018404000BUILDING INSPECTION AND PERMITS8015695050
APPROVING PARTY TO THE DECLARATION OF RESTRICTIONS AND EASEMENTS
WRIWest Jordan LLC Albertsons IncWeingarten Realty Investors 250 Parkcenter Blvd2600 Citadel Plaza Drive PO Box 20Houston TX 77008 Boise ID 83726Attn President Attn Legal Dept Lou Brock Phone 3038013702
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
OFFERING TERMSThe asking price is $5500000
INITIAL DUE DILIGENCEPLEASE DO NOT DISTURB STORE EMPLOYEES OR CUSTOMERSThe opportunity to investigate and tour the Property will be made available upon request to interested and qualified buyers Buyers and their representatives MAY NOT tour the interior of the building on their own Once arranged in accordance with these guidelines property tours will be scheduled coordinated and conducted by representatives of Landmark Property amp Development LLC Each prospective Buyer is to rely solely upon its own investigation evaluation and judgment as to the conditions attributes and value of the property
INSPECTION PERIOD EXPIRATION DATE Recommend sixty (60) days or less due diligence period
CLOSE OF ESCROWRecommend thirty (30) days or less from expiration of due diligence
PERSONAL PROPERTY TRADE FIXTURES AND SYSTEMSOn or before the Closing Date Seller shall have the right (but not the obligation) to remove from the Property (i) any or all of Sellerrsquos inventory trade fixtures and other removable personal property (including but not limited to point of sale equipment) (ii) Sellerrsquos compactor bailer and generator and (iii) Sellerrsquos security energy management and phone systems
CONDITION OF SALEThe property is being offered in its ldquoas isrdquo condition Purchaser shall confirm by Purchaserrsquos own due diligence the condition and suitability of the property without any reliance upon information provided herein
PURCHASING GUIDELINES
PURCHASING GUIDELINESDOCUMENTATIONTarget will prepare the Option Agreement and related documents
TITLE REPORTTo be provided by Target upon execution of the Option Agreement
EXCLUSIVE BROKERLandmark Property amp Development LLC hereinafter referred to as ldquoSellerrsquos Brokerrdquo pursuant to a separate listing agreement with Target Corporation All brokers and prospective purchasers must sign and return the Broker Registration Certificate contained in the ldquoFiles for Downloadrdquo section herein
PROPERTY CONTACTSA list of informational contacts is included in the ldquoContactsrdquo section of this presentation
OFFER FORMATPlease note that all final LOIrsquos will be put on Target form It is highly recommended that all offers be made in the form of a Letter of Intent (LOI) and should include at a minimum the following information bull A full outline of the terms offeredbull Purchase price upon close of escrowbull Contingencies (detailed) and length of due diligence periodbull Source of Buyerrsquos financingbull Amount of initial deposit monies (not less than $100000) to
be deposited and held with a designated Title Company in an interest bearing account
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTbull Upon completion of the due diligence period an additional
non-refundable deposit of $100000 to be deposited and held by the designated Title Company in an interest bearing account In no event shall the due diligence period go beyond sixty (60) days
bull Close of escrow to be no sooner and no later than thirty (30) days after completion of due diligence unless extended by Target as described elsewhere herein
bull A detailed description of the proposed use of the site including the nature of the planned operator(s) In this regard Target intends to confirm anchor tenant(s) interest in this location
bull A Buyerrsquos corporate resume including a list of recent purchases of similar properties with at least five related references
bull A contact name and means of contact for Buyerrsquos firm (including e-mail address)
bull Identification of Buyerrsquos broker if any together with a statement that no other brokers are involved whom can rightfully claim to represent the Buyer Buyer understands that Target will rely on this information See the Broker Registration Certificate included herein which must be completed and submitted with each bid
REVIEW OF OFFER(S)
Right to RejectLandmark Property amp Development LLC and Target will review all offers Acceptability of offers will be based on purchase price Buyerrsquos financials Buyerrsquos business resume and reputation ability and willingness of the Buyer to close the sale length of time to close and other pertinent factors of concern to Target Landmark Property amp Development LLC and Target expressly reserve the right in their sole discretion to review andor reject any or all expressions of interest or offers to purchase the Property andor to terminate discussions with any person or entity at any time with or without notice Target shall have no legal commitment or obligations to any person or entity reviewing the Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Target an Option Agreement for the purchase of the Property has been fully executed delivered and approved by Target and its legal counsel and any conditions to Targetrsquos obligations thereunder have been satisfied or waived
Confidentiality Conditions and DisclaimerThis Offering Memorandum has been prepared by Landmark Property amp Development LLC for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the subject Property or any of the documents related thereto nor does it purport to be all-inclusive or to contain all of the information which prospective buyers may need or desire No representation is made by Landmark Property amp Development LLC or Target as to the accuracy or completeness of the information contained herein nor in subsequently provided
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTmaterials and nothing contained herein is or shall be relied on as a promise or representation as to the condition of or future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC as well as Target and its employees disclaim any responsibility for inaccuracies and expect prospective buyers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Target and its employees disclaim any and all liability for representations and warranties expressed andor implied contained in or for omission from the Offering Memorandum or any other written or oral communication transmitted or made available to the recipient The Offering Memorandum does not constitute a representation that there have been no changes of any nature involving the Property since the date of preparation of the Offering Memorandum Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective Buyer
Joren PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356596979jorenlandmarkpdcom
Hayden PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356598747haydenlandmarkpdcom
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
PROPERTY DESCRIPTIONPROPERTY DESCRIPTION
The following information is included herein for informational reference purposes only and all building specifications shall be confirmed by Buyer at Buyerrsquos expense
DESCRIPTION OF THE LAND LOCATIONLocated at the NWQ of Redwood Rd and 7000 South in West Jordan UT West Jordan is located in West Jordan which is located in Salt Lake County The site fronts on the southbound side of Redwood Rd and is located 946 miles southwest of Downtown Salt Lake City
LEGAL DESCRIPTIONLOT 7 WEST JORDAN TOWN CENTER (Parcel Number ndash 21223270090000)
LEGAL OWNER SELLERDayton Hudson Corporation (ldquoTargetrdquo)
AVAILABILITYDecember 1 2020
SIZEThe subject site contains approximately 121956 SF of building on 1024 acres
CONFIGURATIONDIMENSIONSIrregular in shape basically 393rsquo wide by 308rsquo deep fronting Redwood Rd
AGEBuilt in 1998
TOPOGRAPHY DRAINAGEThe property sits at roughly the same grade at Redwood Rd and drains to the detention pond located on the south side of the building Flat and regular minimal slope
SIGNAGETwo (2) pylon signs along Redwood Rd with Target logo on the top panel The Northern pylon is shared with Petco and DVD-Game Exchange on two lower panels The Southern pylon is shared with Massage Envy and Marcorsquos Pizza on two lower panels Both pylons are approximately 35rsquo high and very visible from Redwood Rd There is one additional Pylon sign along 7000 South with Target in a lower position with Lucky Market in the top position and Del Taco occupying a small lower panel adjacent to Target The third pylon is roughly 35rsquo tall and has great visibility to 7000 South
ACCESSTwo (2) curb cuts to the Target parking lot immediately east of the site at full turn access points along Redwood Rd
PARKINGAsphalt paved parking lot Initially site approved for approximately 534 parking spaces in the front field Buyer to verify parking counts and ratio
ZONING ANALYSIS Subject property is zoned SC-2 (which allows for a variety of uses including retail and food service)
All tours or investigations of the property must be pre-arranged with the broker
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
PROPERTY DESCRIPTION
PROPERTY DESCRIPTIONEASEMENTSENCUMBRANCESThe subject property features standard easements (Servitudes in Utah) associated with drainage access to the retention pond utilities access etc
UTILITIESUtilities to the property include water sewer electricity and natural gas Total 2019 utility costs were approximately $92000
CAMA Common Area Maintenance Agreement (see files for download) governs maintenance of the shopping center The share of the 2020 CAM budget allocated to the Property is approximately $94000
TAXES TAX YEAR 2019
ASSESSED VALUE $10657200AD VALOREM TAX PAID $12965500
DESCRIPTION OF IMPROVEMENTS
EXTERIOR DESCRIPTION
SIZEDESIGNThe building contains an estimated gross building area of approximately 121956 SF The building is generally rectangular in configuration The center depth of the store is approximately 308rsquo with approximately 393rsquo of store frontage The building features a three-bay dock-high loading dock
EXTERIOR WALLSWINDOWSThe exterior of the building is commercial concrete block construction CMU covered with EFIS The stores features one primary entrance on the southern end facing east toward Redwood Rd
ROOFDRAINAGERoof Installed 2016 (only 3 years old) (Make) Sika (Model) 60 mil Sikaplan
DIMENSIONS OF SPACEApproximately 393rsquo wide by 308rsquo deep
LOADING DOCKSThe building features a three-bay dock-high loading dock
EQUIPMENT AND MECHANICAL SYSTEMS
HVAC ELECTRICAL AND PLUMBINGHVAC - 20 units totalling 146 tons approximately 22 years oldThe units are manufactured by AAON All were installed in 1998 with minimal work orders over the past 3 years
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
AERIAL
AERIALS
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
CLOSE UP AERIAL
AERIALS
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
BUILDING PHOTOS
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLAN FLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
BUILDING PHOTOS
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLAN FLOOR PLAN
Redwood Rd Redwood Rd 7000 South
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
BUILDING PHOTOS
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLANFLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
ALTA SURVEY
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLANFLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
SITE PLAN
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLANFLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
FLOOR PLAN
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLANFLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
DEMOGRAPHICS
DEMOGRAPHICS
The median age within 5 miles of the subject property is 325 years with a median household income of $66408 The estimated median housing value for 2019 was $321428 Demographics represent only full-time residents and actual home ownership
DEMOGRAPHICS (2019 ESTIMATE)
3 MILES 5 MILES 10 MILESPOPULATION 132142 409552 1050784MEDIAN HH INCOME $68672 $66408 $74119AVERAGE HH INCOME $83183 $82273 $94317MEDIAN AGE 329 325 328NUMBER OF HHrsquos 42915 134527 343332TOTAL DAYTIME 124950 402242 1093870TOTAL EMPLOYEES 59844 198487 565600
For a more detailed demographics report see the Files for Download section
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
SITE LOCATION MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
ABSOLUTE POPULATION GROWTH MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
2019 POPULATION INCOME MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
CITY OF WEST JORDAN UTAH
GEOGRAPHIC LOCATIONThe City of West Jordan (118855 POP) is the second largest city in the state of Utah and is located on the west side of I-15 in Salt Lake County (17M POP) The site is in close proximity to I-215 with 113132 ADT Traffic counts on the adjacent streets include 44731 ADT on Redwood Rd and 25317 ADT on 7000 South
POPULATIONYEAR CITY OF WEST JORDAN2019 118855
CITY SUMMARY (City of West Jordan Information)This area of West Jordan is characterized by national and local retail and a growing housing market The median household income in a 5-mile radius is $66408 with a population of 409552 in 134527 housing units (6287 of the units are owned 3713 of the units are rented and only 22 are vacant) Within a 3-mile radius the median household income is slightly higher at $68627 with a total population of 132142 and a total number of household units at 42915 The median home value in the area is $318266 which is lower than Salt Lake County at $461191 and slightly lower than the state median home value of $363583
There is one 220000 SF Super Walmart store in this submarket located 152 miles North on Redwood Rd The other regional shopping center in the trade area is the 728000 SF Crossroads at Taylorsville anchored by Target (opening Sept 2020) Regal Cinema (opened 2017) Ross TJ Maxx (opened 2018) JoAnn Fabrics and a Harmonrsquos Grocery (remodeled in 2017) West Jordan is located 936 miles south of Utahrsquos largest International Airport that is currently going through a $4 Billion expansion that will be completed in various phases with the final phase scheduled for completion in 2024
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
THE TOP REASONS WHY YOU SHOULD CHOOSE WEST JORDANbull Strong business advocacy and environment providing economic development relocation incentives on a state and local levelbull Extensive transportation system including multiple interstate highways bus rail and air transportationbull Great public educationalbull Extensive recreational opportunities in the surrounding areas such as skiing mountain biking hiking camping rock climbing
fishing and many othersbull Only 946 Miles from Downtown Salt Lakebull 15-minute drive time from the two largest indoor shopping malls in the state City Creek Mall and Fashion Place Mallbull Close proximity to a multitude of restaurants and services
EDUCATIONThe City of West Jordan is home to 107 schools between preschools to high schools with a total student population of 54511 The students in West Jordan perform slightly above the state averages with proficiency in English 2 above the state average Math 2 above the state average and Science 3 above the state average
ARTS RECREATION amp ENTERTAINMENTWest Jordan is a great place to live work and play It is centrally located in the Salt Lake City Metro area and 946 miles southwest of Downtown Salt Lake West Jordan is a 30-45 minute drive from 6 world class ski resorts (Deer Valley Park City Brighton Solitude Snowbird Alta) an hour East to the Uinta National Forest where there are a multitude of camping and hiking locations and 3-4 hours north of 5 National Parks (Arches Capitol Reef Zion Bryce Canyon Lands)
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
NEIGHBORHOOD DEMOGRAPHICSThe city of West Jordan has a population of 118855 people with a median age of 298 and a median household income of $78799 In 2010 the Census count in the area was 103611 Since 2010 the popluation has grown at a rate of 149 year over year The five-year projection for the population in the area is 126938 representing a change of 132 annually from 2019 to 2024 Currently the population is 504 male and 496 female
The population of West Jordan UT is 790 White 12 Black and 199 Hispanic The median property value in West Jordan UT is $318266 and the home ownership rate is 729
ECONOMIC SUMMARY
MAJOR EMPLOYERS BY RANK INDUSTRY EMPLOYEES1 Jordan School District Education 31452 Smiths Food 7303 Jordan Valley Medical Center Hospital 6904 Mountain America Credit Union Banking 6005 Union City of West Jordan City Offices 5536 Walmart Retail 5817 Sysco Intermountain Food Services 4388 SME Industries Steel 3759 National Benefit Services Benefit Administration 29810 Dannon Company Food 250
NOTEABLE BUSINESSES BUSINESS ACTIVITY IN THE WEST JORDAN AREAbull Boeing completed the expansion of its West Jordan facility in September 2015 Boeingrsquos expanded an 850000 SF building from a vacant warehouse to a composite fabrication production center with 100 employees where they manufacture the horizontal stabilizer for the 787-9 Dreamlinerbull Oracle has a global information technology facility in West Jordan bull West Jordan is the site for SME Steelrsquos headquarters
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
Landmark Property amp Development LLC has been retained as exclusive advisor and broker to Target Corporation (ldquoOwnerrdquo) regarding the sale of a 121956 square foot building being referred to as Target (T-768) in West Jordan Utah (ldquoPropertyrdquo)
This Confidential Offering Memorandum has been prepared by Landmark Property amp Development LLC for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the Property or any of the documents related thereto nor does it purport to be all-inclusive or to contain all of the information which prospective investors may need or desire All projections have been developed by Landmark Property amp Development LLC Owner and designated sources and are based upon assumptions relating to the general economy competition and other factors beyond the control of Landmark Property amp Development LLC and Owner and therefore are subject to variation No representation is made by Landmark Property amp Development LLC or Owner as to the accuracy or completeness of the information contained herein and nothing contained herein is or shall be relied on as a promise or representation as to the future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC Owner and their employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Owner and their employees disclaim any and all liability for representations and warranties expressed and implied contained in or for omissions from the Confidential Offering Memorandum or any other written or oral communication transmitted or made available to the recipient
LEGAL DISCLAIMER
LEGAL DISCLAIMERThe Confidential Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the Property or Owner since the date of preparation of the Confidential Offering Memorandum Analysis and verification of the information contained in the Confidential Offering Memorandum is solely the responsibility of the prospective purchaser Additional information and an opportunity to inspect the Property will be made available upon request to interested and qualified prospective investors
Owner expressly reserves the right at its sole discretion to reject any or all expressions of interest or offers regarding the Property andor terminate discussions with any entity at any time with or without notice Owner shall have no legal commitment or obligation to any entity reviewing the Confidential Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Owner a written agreement for the purchase of the Property has been fully executed delivered and approved by Owner and its legal counsel and any conditions to Ownerrsquos obligations there under have been satisfied or waived
This Confidential Offering Memorandum and the contents except such information which is a matter of public record or is provided in sources available to the public are of a confidential nature By accepting the Confidential Offering Memorandum you agree that you will not use the Confidential Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of Owner or Landmark Property amp Development LLC
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
Documents will open in a new window and may take a few minutes to download
If you are not prompted to Save or Open click refresh on your browserrsquos window
FILES FOR DOWNLOAD
FILES FOR DOWNLOAD
DOWNLOAD
You may also request a hard copy amp disc of plans from Joren Peterson at jorenlandmarkpdcom and Hayden Peterson at haydenlandmarkpdcom
BROKER REGISTRATIONCERTIFICATE
DOWNLOAD
DOWNLOAD PLAT
DOWNLOAD ALTA SURVEY
DOWNLOAD DECLARATION OF RESTRICTIONS AND EASEMENTS
DOWNLOAD
DOWNLOAD DEMOGRAPHIC REPORT
DOWNLOAD FLOOR PLANDOWNLOAD
DOWNLOAD ZONING
COMMON AREA MAINTENANCEAGREEMENT
1ST 2ND amp 3RD AMENDMENTS TO DECLARATION OF RESTRICTIONS AND EASEMENTS
DECLARATIONS OF EASEMENTS COVENANTS CONDITIONS AND RESTRICTIONS
DOWNLOAD SITE PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
CONTACTS
FOR MORE INFORMATION PLEASE CONTACTBROKER CONTACTS
JOREN PETERSON HAYDEN PETERSON
4356596979 4356598747jorenlandmarkpdcom haydenlandmarkpdcom
Landmark Property amp Landmark Property amp Development Development PO Box 980580 PO Box 980580Park City UT 84098 Park City UT 84098
CITY CONTACT NUMBERS
PLANNING AND ZONING OFFICE8015695060FIRE ADMINISTRATION8012607300POLICE DEPARTMENT (NON-EMERGENCY)8018404000BUILDING INSPECTION AND PERMITS8015695050
APPROVING PARTY TO THE DECLARATION OF RESTRICTIONS AND EASEMENTS
WRIWest Jordan LLC Albertsons IncWeingarten Realty Investors 250 Parkcenter Blvd2600 Citadel Plaza Drive PO Box 20Houston TX 77008 Boise ID 83726Attn President Attn Legal Dept Lou Brock Phone 3038013702
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
OFFERING TERMSThe asking price is $5500000
INITIAL DUE DILIGENCEPLEASE DO NOT DISTURB STORE EMPLOYEES OR CUSTOMERSThe opportunity to investigate and tour the Property will be made available upon request to interested and qualified buyers Buyers and their representatives MAY NOT tour the interior of the building on their own Once arranged in accordance with these guidelines property tours will be scheduled coordinated and conducted by representatives of Landmark Property amp Development LLC Each prospective Buyer is to rely solely upon its own investigation evaluation and judgment as to the conditions attributes and value of the property
INSPECTION PERIOD EXPIRATION DATE Recommend sixty (60) days or less due diligence period
CLOSE OF ESCROWRecommend thirty (30) days or less from expiration of due diligence
PERSONAL PROPERTY TRADE FIXTURES AND SYSTEMSOn or before the Closing Date Seller shall have the right (but not the obligation) to remove from the Property (i) any or all of Sellerrsquos inventory trade fixtures and other removable personal property (including but not limited to point of sale equipment) (ii) Sellerrsquos compactor bailer and generator and (iii) Sellerrsquos security energy management and phone systems
CONDITION OF SALEThe property is being offered in its ldquoas isrdquo condition Purchaser shall confirm by Purchaserrsquos own due diligence the condition and suitability of the property without any reliance upon information provided herein
PURCHASING GUIDELINES
PURCHASING GUIDELINESDOCUMENTATIONTarget will prepare the Option Agreement and related documents
TITLE REPORTTo be provided by Target upon execution of the Option Agreement
EXCLUSIVE BROKERLandmark Property amp Development LLC hereinafter referred to as ldquoSellerrsquos Brokerrdquo pursuant to a separate listing agreement with Target Corporation All brokers and prospective purchasers must sign and return the Broker Registration Certificate contained in the ldquoFiles for Downloadrdquo section herein
PROPERTY CONTACTSA list of informational contacts is included in the ldquoContactsrdquo section of this presentation
OFFER FORMATPlease note that all final LOIrsquos will be put on Target form It is highly recommended that all offers be made in the form of a Letter of Intent (LOI) and should include at a minimum the following information bull A full outline of the terms offeredbull Purchase price upon close of escrowbull Contingencies (detailed) and length of due diligence periodbull Source of Buyerrsquos financingbull Amount of initial deposit monies (not less than $100000) to
be deposited and held with a designated Title Company in an interest bearing account
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTbull Upon completion of the due diligence period an additional
non-refundable deposit of $100000 to be deposited and held by the designated Title Company in an interest bearing account In no event shall the due diligence period go beyond sixty (60) days
bull Close of escrow to be no sooner and no later than thirty (30) days after completion of due diligence unless extended by Target as described elsewhere herein
bull A detailed description of the proposed use of the site including the nature of the planned operator(s) In this regard Target intends to confirm anchor tenant(s) interest in this location
bull A Buyerrsquos corporate resume including a list of recent purchases of similar properties with at least five related references
bull A contact name and means of contact for Buyerrsquos firm (including e-mail address)
bull Identification of Buyerrsquos broker if any together with a statement that no other brokers are involved whom can rightfully claim to represent the Buyer Buyer understands that Target will rely on this information See the Broker Registration Certificate included herein which must be completed and submitted with each bid
REVIEW OF OFFER(S)
Right to RejectLandmark Property amp Development LLC and Target will review all offers Acceptability of offers will be based on purchase price Buyerrsquos financials Buyerrsquos business resume and reputation ability and willingness of the Buyer to close the sale length of time to close and other pertinent factors of concern to Target Landmark Property amp Development LLC and Target expressly reserve the right in their sole discretion to review andor reject any or all expressions of interest or offers to purchase the Property andor to terminate discussions with any person or entity at any time with or without notice Target shall have no legal commitment or obligations to any person or entity reviewing the Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Target an Option Agreement for the purchase of the Property has been fully executed delivered and approved by Target and its legal counsel and any conditions to Targetrsquos obligations thereunder have been satisfied or waived
Confidentiality Conditions and DisclaimerThis Offering Memorandum has been prepared by Landmark Property amp Development LLC for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the subject Property or any of the documents related thereto nor does it purport to be all-inclusive or to contain all of the information which prospective buyers may need or desire No representation is made by Landmark Property amp Development LLC or Target as to the accuracy or completeness of the information contained herein nor in subsequently provided
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTmaterials and nothing contained herein is or shall be relied on as a promise or representation as to the condition of or future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC as well as Target and its employees disclaim any responsibility for inaccuracies and expect prospective buyers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Target and its employees disclaim any and all liability for representations and warranties expressed andor implied contained in or for omission from the Offering Memorandum or any other written or oral communication transmitted or made available to the recipient The Offering Memorandum does not constitute a representation that there have been no changes of any nature involving the Property since the date of preparation of the Offering Memorandum Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective Buyer
Joren PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356596979jorenlandmarkpdcom
Hayden PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356598747haydenlandmarkpdcom
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
PROPERTY DESCRIPTION
PROPERTY DESCRIPTIONEASEMENTSENCUMBRANCESThe subject property features standard easements (Servitudes in Utah) associated with drainage access to the retention pond utilities access etc
UTILITIESUtilities to the property include water sewer electricity and natural gas Total 2019 utility costs were approximately $92000
CAMA Common Area Maintenance Agreement (see files for download) governs maintenance of the shopping center The share of the 2020 CAM budget allocated to the Property is approximately $94000
TAXES TAX YEAR 2019
ASSESSED VALUE $10657200AD VALOREM TAX PAID $12965500
DESCRIPTION OF IMPROVEMENTS
EXTERIOR DESCRIPTION
SIZEDESIGNThe building contains an estimated gross building area of approximately 121956 SF The building is generally rectangular in configuration The center depth of the store is approximately 308rsquo with approximately 393rsquo of store frontage The building features a three-bay dock-high loading dock
EXTERIOR WALLSWINDOWSThe exterior of the building is commercial concrete block construction CMU covered with EFIS The stores features one primary entrance on the southern end facing east toward Redwood Rd
ROOFDRAINAGERoof Installed 2016 (only 3 years old) (Make) Sika (Model) 60 mil Sikaplan
DIMENSIONS OF SPACEApproximately 393rsquo wide by 308rsquo deep
LOADING DOCKSThe building features a three-bay dock-high loading dock
EQUIPMENT AND MECHANICAL SYSTEMS
HVAC ELECTRICAL AND PLUMBINGHVAC - 20 units totalling 146 tons approximately 22 years oldThe units are manufactured by AAON All were installed in 1998 with minimal work orders over the past 3 years
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
AERIAL
AERIALS
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
CLOSE UP AERIAL
AERIALS
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
BUILDING PHOTOS
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLAN FLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
BUILDING PHOTOS
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLAN FLOOR PLAN
Redwood Rd Redwood Rd 7000 South
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
BUILDING PHOTOS
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLANFLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
ALTA SURVEY
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLANFLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
SITE PLAN
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLANFLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
FLOOR PLAN
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLANFLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
DEMOGRAPHICS
DEMOGRAPHICS
The median age within 5 miles of the subject property is 325 years with a median household income of $66408 The estimated median housing value for 2019 was $321428 Demographics represent only full-time residents and actual home ownership
DEMOGRAPHICS (2019 ESTIMATE)
3 MILES 5 MILES 10 MILESPOPULATION 132142 409552 1050784MEDIAN HH INCOME $68672 $66408 $74119AVERAGE HH INCOME $83183 $82273 $94317MEDIAN AGE 329 325 328NUMBER OF HHrsquos 42915 134527 343332TOTAL DAYTIME 124950 402242 1093870TOTAL EMPLOYEES 59844 198487 565600
For a more detailed demographics report see the Files for Download section
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
SITE LOCATION MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
ABSOLUTE POPULATION GROWTH MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
2019 POPULATION INCOME MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
CITY OF WEST JORDAN UTAH
GEOGRAPHIC LOCATIONThe City of West Jordan (118855 POP) is the second largest city in the state of Utah and is located on the west side of I-15 in Salt Lake County (17M POP) The site is in close proximity to I-215 with 113132 ADT Traffic counts on the adjacent streets include 44731 ADT on Redwood Rd and 25317 ADT on 7000 South
POPULATIONYEAR CITY OF WEST JORDAN2019 118855
CITY SUMMARY (City of West Jordan Information)This area of West Jordan is characterized by national and local retail and a growing housing market The median household income in a 5-mile radius is $66408 with a population of 409552 in 134527 housing units (6287 of the units are owned 3713 of the units are rented and only 22 are vacant) Within a 3-mile radius the median household income is slightly higher at $68627 with a total population of 132142 and a total number of household units at 42915 The median home value in the area is $318266 which is lower than Salt Lake County at $461191 and slightly lower than the state median home value of $363583
There is one 220000 SF Super Walmart store in this submarket located 152 miles North on Redwood Rd The other regional shopping center in the trade area is the 728000 SF Crossroads at Taylorsville anchored by Target (opening Sept 2020) Regal Cinema (opened 2017) Ross TJ Maxx (opened 2018) JoAnn Fabrics and a Harmonrsquos Grocery (remodeled in 2017) West Jordan is located 936 miles south of Utahrsquos largest International Airport that is currently going through a $4 Billion expansion that will be completed in various phases with the final phase scheduled for completion in 2024
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
THE TOP REASONS WHY YOU SHOULD CHOOSE WEST JORDANbull Strong business advocacy and environment providing economic development relocation incentives on a state and local levelbull Extensive transportation system including multiple interstate highways bus rail and air transportationbull Great public educationalbull Extensive recreational opportunities in the surrounding areas such as skiing mountain biking hiking camping rock climbing
fishing and many othersbull Only 946 Miles from Downtown Salt Lakebull 15-minute drive time from the two largest indoor shopping malls in the state City Creek Mall and Fashion Place Mallbull Close proximity to a multitude of restaurants and services
EDUCATIONThe City of West Jordan is home to 107 schools between preschools to high schools with a total student population of 54511 The students in West Jordan perform slightly above the state averages with proficiency in English 2 above the state average Math 2 above the state average and Science 3 above the state average
ARTS RECREATION amp ENTERTAINMENTWest Jordan is a great place to live work and play It is centrally located in the Salt Lake City Metro area and 946 miles southwest of Downtown Salt Lake West Jordan is a 30-45 minute drive from 6 world class ski resorts (Deer Valley Park City Brighton Solitude Snowbird Alta) an hour East to the Uinta National Forest where there are a multitude of camping and hiking locations and 3-4 hours north of 5 National Parks (Arches Capitol Reef Zion Bryce Canyon Lands)
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
NEIGHBORHOOD DEMOGRAPHICSThe city of West Jordan has a population of 118855 people with a median age of 298 and a median household income of $78799 In 2010 the Census count in the area was 103611 Since 2010 the popluation has grown at a rate of 149 year over year The five-year projection for the population in the area is 126938 representing a change of 132 annually from 2019 to 2024 Currently the population is 504 male and 496 female
The population of West Jordan UT is 790 White 12 Black and 199 Hispanic The median property value in West Jordan UT is $318266 and the home ownership rate is 729
ECONOMIC SUMMARY
MAJOR EMPLOYERS BY RANK INDUSTRY EMPLOYEES1 Jordan School District Education 31452 Smiths Food 7303 Jordan Valley Medical Center Hospital 6904 Mountain America Credit Union Banking 6005 Union City of West Jordan City Offices 5536 Walmart Retail 5817 Sysco Intermountain Food Services 4388 SME Industries Steel 3759 National Benefit Services Benefit Administration 29810 Dannon Company Food 250
NOTEABLE BUSINESSES BUSINESS ACTIVITY IN THE WEST JORDAN AREAbull Boeing completed the expansion of its West Jordan facility in September 2015 Boeingrsquos expanded an 850000 SF building from a vacant warehouse to a composite fabrication production center with 100 employees where they manufacture the horizontal stabilizer for the 787-9 Dreamlinerbull Oracle has a global information technology facility in West Jordan bull West Jordan is the site for SME Steelrsquos headquarters
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
Landmark Property amp Development LLC has been retained as exclusive advisor and broker to Target Corporation (ldquoOwnerrdquo) regarding the sale of a 121956 square foot building being referred to as Target (T-768) in West Jordan Utah (ldquoPropertyrdquo)
This Confidential Offering Memorandum has been prepared by Landmark Property amp Development LLC for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the Property or any of the documents related thereto nor does it purport to be all-inclusive or to contain all of the information which prospective investors may need or desire All projections have been developed by Landmark Property amp Development LLC Owner and designated sources and are based upon assumptions relating to the general economy competition and other factors beyond the control of Landmark Property amp Development LLC and Owner and therefore are subject to variation No representation is made by Landmark Property amp Development LLC or Owner as to the accuracy or completeness of the information contained herein and nothing contained herein is or shall be relied on as a promise or representation as to the future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC Owner and their employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Owner and their employees disclaim any and all liability for representations and warranties expressed and implied contained in or for omissions from the Confidential Offering Memorandum or any other written or oral communication transmitted or made available to the recipient
LEGAL DISCLAIMER
LEGAL DISCLAIMERThe Confidential Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the Property or Owner since the date of preparation of the Confidential Offering Memorandum Analysis and verification of the information contained in the Confidential Offering Memorandum is solely the responsibility of the prospective purchaser Additional information and an opportunity to inspect the Property will be made available upon request to interested and qualified prospective investors
Owner expressly reserves the right at its sole discretion to reject any or all expressions of interest or offers regarding the Property andor terminate discussions with any entity at any time with or without notice Owner shall have no legal commitment or obligation to any entity reviewing the Confidential Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Owner a written agreement for the purchase of the Property has been fully executed delivered and approved by Owner and its legal counsel and any conditions to Ownerrsquos obligations there under have been satisfied or waived
This Confidential Offering Memorandum and the contents except such information which is a matter of public record or is provided in sources available to the public are of a confidential nature By accepting the Confidential Offering Memorandum you agree that you will not use the Confidential Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of Owner or Landmark Property amp Development LLC
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
Documents will open in a new window and may take a few minutes to download
If you are not prompted to Save or Open click refresh on your browserrsquos window
FILES FOR DOWNLOAD
FILES FOR DOWNLOAD
DOWNLOAD
You may also request a hard copy amp disc of plans from Joren Peterson at jorenlandmarkpdcom and Hayden Peterson at haydenlandmarkpdcom
BROKER REGISTRATIONCERTIFICATE
DOWNLOAD
DOWNLOAD PLAT
DOWNLOAD ALTA SURVEY
DOWNLOAD DECLARATION OF RESTRICTIONS AND EASEMENTS
DOWNLOAD
DOWNLOAD DEMOGRAPHIC REPORT
DOWNLOAD FLOOR PLANDOWNLOAD
DOWNLOAD ZONING
COMMON AREA MAINTENANCEAGREEMENT
1ST 2ND amp 3RD AMENDMENTS TO DECLARATION OF RESTRICTIONS AND EASEMENTS
DECLARATIONS OF EASEMENTS COVENANTS CONDITIONS AND RESTRICTIONS
DOWNLOAD SITE PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
CONTACTS
FOR MORE INFORMATION PLEASE CONTACTBROKER CONTACTS
JOREN PETERSON HAYDEN PETERSON
4356596979 4356598747jorenlandmarkpdcom haydenlandmarkpdcom
Landmark Property amp Landmark Property amp Development Development PO Box 980580 PO Box 980580Park City UT 84098 Park City UT 84098
CITY CONTACT NUMBERS
PLANNING AND ZONING OFFICE8015695060FIRE ADMINISTRATION8012607300POLICE DEPARTMENT (NON-EMERGENCY)8018404000BUILDING INSPECTION AND PERMITS8015695050
APPROVING PARTY TO THE DECLARATION OF RESTRICTIONS AND EASEMENTS
WRIWest Jordan LLC Albertsons IncWeingarten Realty Investors 250 Parkcenter Blvd2600 Citadel Plaza Drive PO Box 20Houston TX 77008 Boise ID 83726Attn President Attn Legal Dept Lou Brock Phone 3038013702
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
OFFERING TERMSThe asking price is $5500000
INITIAL DUE DILIGENCEPLEASE DO NOT DISTURB STORE EMPLOYEES OR CUSTOMERSThe opportunity to investigate and tour the Property will be made available upon request to interested and qualified buyers Buyers and their representatives MAY NOT tour the interior of the building on their own Once arranged in accordance with these guidelines property tours will be scheduled coordinated and conducted by representatives of Landmark Property amp Development LLC Each prospective Buyer is to rely solely upon its own investigation evaluation and judgment as to the conditions attributes and value of the property
INSPECTION PERIOD EXPIRATION DATE Recommend sixty (60) days or less due diligence period
CLOSE OF ESCROWRecommend thirty (30) days or less from expiration of due diligence
PERSONAL PROPERTY TRADE FIXTURES AND SYSTEMSOn or before the Closing Date Seller shall have the right (but not the obligation) to remove from the Property (i) any or all of Sellerrsquos inventory trade fixtures and other removable personal property (including but not limited to point of sale equipment) (ii) Sellerrsquos compactor bailer and generator and (iii) Sellerrsquos security energy management and phone systems
CONDITION OF SALEThe property is being offered in its ldquoas isrdquo condition Purchaser shall confirm by Purchaserrsquos own due diligence the condition and suitability of the property without any reliance upon information provided herein
PURCHASING GUIDELINES
PURCHASING GUIDELINESDOCUMENTATIONTarget will prepare the Option Agreement and related documents
TITLE REPORTTo be provided by Target upon execution of the Option Agreement
EXCLUSIVE BROKERLandmark Property amp Development LLC hereinafter referred to as ldquoSellerrsquos Brokerrdquo pursuant to a separate listing agreement with Target Corporation All brokers and prospective purchasers must sign and return the Broker Registration Certificate contained in the ldquoFiles for Downloadrdquo section herein
PROPERTY CONTACTSA list of informational contacts is included in the ldquoContactsrdquo section of this presentation
OFFER FORMATPlease note that all final LOIrsquos will be put on Target form It is highly recommended that all offers be made in the form of a Letter of Intent (LOI) and should include at a minimum the following information bull A full outline of the terms offeredbull Purchase price upon close of escrowbull Contingencies (detailed) and length of due diligence periodbull Source of Buyerrsquos financingbull Amount of initial deposit monies (not less than $100000) to
be deposited and held with a designated Title Company in an interest bearing account
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTbull Upon completion of the due diligence period an additional
non-refundable deposit of $100000 to be deposited and held by the designated Title Company in an interest bearing account In no event shall the due diligence period go beyond sixty (60) days
bull Close of escrow to be no sooner and no later than thirty (30) days after completion of due diligence unless extended by Target as described elsewhere herein
bull A detailed description of the proposed use of the site including the nature of the planned operator(s) In this regard Target intends to confirm anchor tenant(s) interest in this location
bull A Buyerrsquos corporate resume including a list of recent purchases of similar properties with at least five related references
bull A contact name and means of contact for Buyerrsquos firm (including e-mail address)
bull Identification of Buyerrsquos broker if any together with a statement that no other brokers are involved whom can rightfully claim to represent the Buyer Buyer understands that Target will rely on this information See the Broker Registration Certificate included herein which must be completed and submitted with each bid
REVIEW OF OFFER(S)
Right to RejectLandmark Property amp Development LLC and Target will review all offers Acceptability of offers will be based on purchase price Buyerrsquos financials Buyerrsquos business resume and reputation ability and willingness of the Buyer to close the sale length of time to close and other pertinent factors of concern to Target Landmark Property amp Development LLC and Target expressly reserve the right in their sole discretion to review andor reject any or all expressions of interest or offers to purchase the Property andor to terminate discussions with any person or entity at any time with or without notice Target shall have no legal commitment or obligations to any person or entity reviewing the Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Target an Option Agreement for the purchase of the Property has been fully executed delivered and approved by Target and its legal counsel and any conditions to Targetrsquos obligations thereunder have been satisfied or waived
Confidentiality Conditions and DisclaimerThis Offering Memorandum has been prepared by Landmark Property amp Development LLC for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the subject Property or any of the documents related thereto nor does it purport to be all-inclusive or to contain all of the information which prospective buyers may need or desire No representation is made by Landmark Property amp Development LLC or Target as to the accuracy or completeness of the information contained herein nor in subsequently provided
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTmaterials and nothing contained herein is or shall be relied on as a promise or representation as to the condition of or future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC as well as Target and its employees disclaim any responsibility for inaccuracies and expect prospective buyers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Target and its employees disclaim any and all liability for representations and warranties expressed andor implied contained in or for omission from the Offering Memorandum or any other written or oral communication transmitted or made available to the recipient The Offering Memorandum does not constitute a representation that there have been no changes of any nature involving the Property since the date of preparation of the Offering Memorandum Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective Buyer
Joren PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356596979jorenlandmarkpdcom
Hayden PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356598747haydenlandmarkpdcom
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
AERIAL
AERIALS
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
CLOSE UP AERIAL
AERIALS
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
BUILDING PHOTOS
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLAN FLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
BUILDING PHOTOS
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLAN FLOOR PLAN
Redwood Rd Redwood Rd 7000 South
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
BUILDING PHOTOS
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLANFLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
ALTA SURVEY
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLANFLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
SITE PLAN
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLANFLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
FLOOR PLAN
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLANFLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
DEMOGRAPHICS
DEMOGRAPHICS
The median age within 5 miles of the subject property is 325 years with a median household income of $66408 The estimated median housing value for 2019 was $321428 Demographics represent only full-time residents and actual home ownership
DEMOGRAPHICS (2019 ESTIMATE)
3 MILES 5 MILES 10 MILESPOPULATION 132142 409552 1050784MEDIAN HH INCOME $68672 $66408 $74119AVERAGE HH INCOME $83183 $82273 $94317MEDIAN AGE 329 325 328NUMBER OF HHrsquos 42915 134527 343332TOTAL DAYTIME 124950 402242 1093870TOTAL EMPLOYEES 59844 198487 565600
For a more detailed demographics report see the Files for Download section
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
SITE LOCATION MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
ABSOLUTE POPULATION GROWTH MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
2019 POPULATION INCOME MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
CITY OF WEST JORDAN UTAH
GEOGRAPHIC LOCATIONThe City of West Jordan (118855 POP) is the second largest city in the state of Utah and is located on the west side of I-15 in Salt Lake County (17M POP) The site is in close proximity to I-215 with 113132 ADT Traffic counts on the adjacent streets include 44731 ADT on Redwood Rd and 25317 ADT on 7000 South
POPULATIONYEAR CITY OF WEST JORDAN2019 118855
CITY SUMMARY (City of West Jordan Information)This area of West Jordan is characterized by national and local retail and a growing housing market The median household income in a 5-mile radius is $66408 with a population of 409552 in 134527 housing units (6287 of the units are owned 3713 of the units are rented and only 22 are vacant) Within a 3-mile radius the median household income is slightly higher at $68627 with a total population of 132142 and a total number of household units at 42915 The median home value in the area is $318266 which is lower than Salt Lake County at $461191 and slightly lower than the state median home value of $363583
There is one 220000 SF Super Walmart store in this submarket located 152 miles North on Redwood Rd The other regional shopping center in the trade area is the 728000 SF Crossroads at Taylorsville anchored by Target (opening Sept 2020) Regal Cinema (opened 2017) Ross TJ Maxx (opened 2018) JoAnn Fabrics and a Harmonrsquos Grocery (remodeled in 2017) West Jordan is located 936 miles south of Utahrsquos largest International Airport that is currently going through a $4 Billion expansion that will be completed in various phases with the final phase scheduled for completion in 2024
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
THE TOP REASONS WHY YOU SHOULD CHOOSE WEST JORDANbull Strong business advocacy and environment providing economic development relocation incentives on a state and local levelbull Extensive transportation system including multiple interstate highways bus rail and air transportationbull Great public educationalbull Extensive recreational opportunities in the surrounding areas such as skiing mountain biking hiking camping rock climbing
fishing and many othersbull Only 946 Miles from Downtown Salt Lakebull 15-minute drive time from the two largest indoor shopping malls in the state City Creek Mall and Fashion Place Mallbull Close proximity to a multitude of restaurants and services
EDUCATIONThe City of West Jordan is home to 107 schools between preschools to high schools with a total student population of 54511 The students in West Jordan perform slightly above the state averages with proficiency in English 2 above the state average Math 2 above the state average and Science 3 above the state average
ARTS RECREATION amp ENTERTAINMENTWest Jordan is a great place to live work and play It is centrally located in the Salt Lake City Metro area and 946 miles southwest of Downtown Salt Lake West Jordan is a 30-45 minute drive from 6 world class ski resorts (Deer Valley Park City Brighton Solitude Snowbird Alta) an hour East to the Uinta National Forest where there are a multitude of camping and hiking locations and 3-4 hours north of 5 National Parks (Arches Capitol Reef Zion Bryce Canyon Lands)
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
NEIGHBORHOOD DEMOGRAPHICSThe city of West Jordan has a population of 118855 people with a median age of 298 and a median household income of $78799 In 2010 the Census count in the area was 103611 Since 2010 the popluation has grown at a rate of 149 year over year The five-year projection for the population in the area is 126938 representing a change of 132 annually from 2019 to 2024 Currently the population is 504 male and 496 female
The population of West Jordan UT is 790 White 12 Black and 199 Hispanic The median property value in West Jordan UT is $318266 and the home ownership rate is 729
ECONOMIC SUMMARY
MAJOR EMPLOYERS BY RANK INDUSTRY EMPLOYEES1 Jordan School District Education 31452 Smiths Food 7303 Jordan Valley Medical Center Hospital 6904 Mountain America Credit Union Banking 6005 Union City of West Jordan City Offices 5536 Walmart Retail 5817 Sysco Intermountain Food Services 4388 SME Industries Steel 3759 National Benefit Services Benefit Administration 29810 Dannon Company Food 250
NOTEABLE BUSINESSES BUSINESS ACTIVITY IN THE WEST JORDAN AREAbull Boeing completed the expansion of its West Jordan facility in September 2015 Boeingrsquos expanded an 850000 SF building from a vacant warehouse to a composite fabrication production center with 100 employees where they manufacture the horizontal stabilizer for the 787-9 Dreamlinerbull Oracle has a global information technology facility in West Jordan bull West Jordan is the site for SME Steelrsquos headquarters
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
Landmark Property amp Development LLC has been retained as exclusive advisor and broker to Target Corporation (ldquoOwnerrdquo) regarding the sale of a 121956 square foot building being referred to as Target (T-768) in West Jordan Utah (ldquoPropertyrdquo)
This Confidential Offering Memorandum has been prepared by Landmark Property amp Development LLC for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the Property or any of the documents related thereto nor does it purport to be all-inclusive or to contain all of the information which prospective investors may need or desire All projections have been developed by Landmark Property amp Development LLC Owner and designated sources and are based upon assumptions relating to the general economy competition and other factors beyond the control of Landmark Property amp Development LLC and Owner and therefore are subject to variation No representation is made by Landmark Property amp Development LLC or Owner as to the accuracy or completeness of the information contained herein and nothing contained herein is or shall be relied on as a promise or representation as to the future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC Owner and their employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Owner and their employees disclaim any and all liability for representations and warranties expressed and implied contained in or for omissions from the Confidential Offering Memorandum or any other written or oral communication transmitted or made available to the recipient
LEGAL DISCLAIMER
LEGAL DISCLAIMERThe Confidential Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the Property or Owner since the date of preparation of the Confidential Offering Memorandum Analysis and verification of the information contained in the Confidential Offering Memorandum is solely the responsibility of the prospective purchaser Additional information and an opportunity to inspect the Property will be made available upon request to interested and qualified prospective investors
Owner expressly reserves the right at its sole discretion to reject any or all expressions of interest or offers regarding the Property andor terminate discussions with any entity at any time with or without notice Owner shall have no legal commitment or obligation to any entity reviewing the Confidential Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Owner a written agreement for the purchase of the Property has been fully executed delivered and approved by Owner and its legal counsel and any conditions to Ownerrsquos obligations there under have been satisfied or waived
This Confidential Offering Memorandum and the contents except such information which is a matter of public record or is provided in sources available to the public are of a confidential nature By accepting the Confidential Offering Memorandum you agree that you will not use the Confidential Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of Owner or Landmark Property amp Development LLC
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
Documents will open in a new window and may take a few minutes to download
If you are not prompted to Save or Open click refresh on your browserrsquos window
FILES FOR DOWNLOAD
FILES FOR DOWNLOAD
DOWNLOAD
You may also request a hard copy amp disc of plans from Joren Peterson at jorenlandmarkpdcom and Hayden Peterson at haydenlandmarkpdcom
BROKER REGISTRATIONCERTIFICATE
DOWNLOAD
DOWNLOAD PLAT
DOWNLOAD ALTA SURVEY
DOWNLOAD DECLARATION OF RESTRICTIONS AND EASEMENTS
DOWNLOAD
DOWNLOAD DEMOGRAPHIC REPORT
DOWNLOAD FLOOR PLANDOWNLOAD
DOWNLOAD ZONING
COMMON AREA MAINTENANCEAGREEMENT
1ST 2ND amp 3RD AMENDMENTS TO DECLARATION OF RESTRICTIONS AND EASEMENTS
DECLARATIONS OF EASEMENTS COVENANTS CONDITIONS AND RESTRICTIONS
DOWNLOAD SITE PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
CONTACTS
FOR MORE INFORMATION PLEASE CONTACTBROKER CONTACTS
JOREN PETERSON HAYDEN PETERSON
4356596979 4356598747jorenlandmarkpdcom haydenlandmarkpdcom
Landmark Property amp Landmark Property amp Development Development PO Box 980580 PO Box 980580Park City UT 84098 Park City UT 84098
CITY CONTACT NUMBERS
PLANNING AND ZONING OFFICE8015695060FIRE ADMINISTRATION8012607300POLICE DEPARTMENT (NON-EMERGENCY)8018404000BUILDING INSPECTION AND PERMITS8015695050
APPROVING PARTY TO THE DECLARATION OF RESTRICTIONS AND EASEMENTS
WRIWest Jordan LLC Albertsons IncWeingarten Realty Investors 250 Parkcenter Blvd2600 Citadel Plaza Drive PO Box 20Houston TX 77008 Boise ID 83726Attn President Attn Legal Dept Lou Brock Phone 3038013702
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
OFFERING TERMSThe asking price is $5500000
INITIAL DUE DILIGENCEPLEASE DO NOT DISTURB STORE EMPLOYEES OR CUSTOMERSThe opportunity to investigate and tour the Property will be made available upon request to interested and qualified buyers Buyers and their representatives MAY NOT tour the interior of the building on their own Once arranged in accordance with these guidelines property tours will be scheduled coordinated and conducted by representatives of Landmark Property amp Development LLC Each prospective Buyer is to rely solely upon its own investigation evaluation and judgment as to the conditions attributes and value of the property
INSPECTION PERIOD EXPIRATION DATE Recommend sixty (60) days or less due diligence period
CLOSE OF ESCROWRecommend thirty (30) days or less from expiration of due diligence
PERSONAL PROPERTY TRADE FIXTURES AND SYSTEMSOn or before the Closing Date Seller shall have the right (but not the obligation) to remove from the Property (i) any or all of Sellerrsquos inventory trade fixtures and other removable personal property (including but not limited to point of sale equipment) (ii) Sellerrsquos compactor bailer and generator and (iii) Sellerrsquos security energy management and phone systems
CONDITION OF SALEThe property is being offered in its ldquoas isrdquo condition Purchaser shall confirm by Purchaserrsquos own due diligence the condition and suitability of the property without any reliance upon information provided herein
PURCHASING GUIDELINES
PURCHASING GUIDELINESDOCUMENTATIONTarget will prepare the Option Agreement and related documents
TITLE REPORTTo be provided by Target upon execution of the Option Agreement
EXCLUSIVE BROKERLandmark Property amp Development LLC hereinafter referred to as ldquoSellerrsquos Brokerrdquo pursuant to a separate listing agreement with Target Corporation All brokers and prospective purchasers must sign and return the Broker Registration Certificate contained in the ldquoFiles for Downloadrdquo section herein
PROPERTY CONTACTSA list of informational contacts is included in the ldquoContactsrdquo section of this presentation
OFFER FORMATPlease note that all final LOIrsquos will be put on Target form It is highly recommended that all offers be made in the form of a Letter of Intent (LOI) and should include at a minimum the following information bull A full outline of the terms offeredbull Purchase price upon close of escrowbull Contingencies (detailed) and length of due diligence periodbull Source of Buyerrsquos financingbull Amount of initial deposit monies (not less than $100000) to
be deposited and held with a designated Title Company in an interest bearing account
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTbull Upon completion of the due diligence period an additional
non-refundable deposit of $100000 to be deposited and held by the designated Title Company in an interest bearing account In no event shall the due diligence period go beyond sixty (60) days
bull Close of escrow to be no sooner and no later than thirty (30) days after completion of due diligence unless extended by Target as described elsewhere herein
bull A detailed description of the proposed use of the site including the nature of the planned operator(s) In this regard Target intends to confirm anchor tenant(s) interest in this location
bull A Buyerrsquos corporate resume including a list of recent purchases of similar properties with at least five related references
bull A contact name and means of contact for Buyerrsquos firm (including e-mail address)
bull Identification of Buyerrsquos broker if any together with a statement that no other brokers are involved whom can rightfully claim to represent the Buyer Buyer understands that Target will rely on this information See the Broker Registration Certificate included herein which must be completed and submitted with each bid
REVIEW OF OFFER(S)
Right to RejectLandmark Property amp Development LLC and Target will review all offers Acceptability of offers will be based on purchase price Buyerrsquos financials Buyerrsquos business resume and reputation ability and willingness of the Buyer to close the sale length of time to close and other pertinent factors of concern to Target Landmark Property amp Development LLC and Target expressly reserve the right in their sole discretion to review andor reject any or all expressions of interest or offers to purchase the Property andor to terminate discussions with any person or entity at any time with or without notice Target shall have no legal commitment or obligations to any person or entity reviewing the Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Target an Option Agreement for the purchase of the Property has been fully executed delivered and approved by Target and its legal counsel and any conditions to Targetrsquos obligations thereunder have been satisfied or waived
Confidentiality Conditions and DisclaimerThis Offering Memorandum has been prepared by Landmark Property amp Development LLC for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the subject Property or any of the documents related thereto nor does it purport to be all-inclusive or to contain all of the information which prospective buyers may need or desire No representation is made by Landmark Property amp Development LLC or Target as to the accuracy or completeness of the information contained herein nor in subsequently provided
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTmaterials and nothing contained herein is or shall be relied on as a promise or representation as to the condition of or future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC as well as Target and its employees disclaim any responsibility for inaccuracies and expect prospective buyers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Target and its employees disclaim any and all liability for representations and warranties expressed andor implied contained in or for omission from the Offering Memorandum or any other written or oral communication transmitted or made available to the recipient The Offering Memorandum does not constitute a representation that there have been no changes of any nature involving the Property since the date of preparation of the Offering Memorandum Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective Buyer
Joren PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356596979jorenlandmarkpdcom
Hayden PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356598747haydenlandmarkpdcom
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
CLOSE UP AERIAL
AERIALS
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
BUILDING PHOTOS
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLAN FLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
BUILDING PHOTOS
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLAN FLOOR PLAN
Redwood Rd Redwood Rd 7000 South
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
BUILDING PHOTOS
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLANFLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
ALTA SURVEY
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLANFLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
SITE PLAN
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLANFLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
FLOOR PLAN
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLANFLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
DEMOGRAPHICS
DEMOGRAPHICS
The median age within 5 miles of the subject property is 325 years with a median household income of $66408 The estimated median housing value for 2019 was $321428 Demographics represent only full-time residents and actual home ownership
DEMOGRAPHICS (2019 ESTIMATE)
3 MILES 5 MILES 10 MILESPOPULATION 132142 409552 1050784MEDIAN HH INCOME $68672 $66408 $74119AVERAGE HH INCOME $83183 $82273 $94317MEDIAN AGE 329 325 328NUMBER OF HHrsquos 42915 134527 343332TOTAL DAYTIME 124950 402242 1093870TOTAL EMPLOYEES 59844 198487 565600
For a more detailed demographics report see the Files for Download section
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
SITE LOCATION MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
ABSOLUTE POPULATION GROWTH MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
2019 POPULATION INCOME MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
CITY OF WEST JORDAN UTAH
GEOGRAPHIC LOCATIONThe City of West Jordan (118855 POP) is the second largest city in the state of Utah and is located on the west side of I-15 in Salt Lake County (17M POP) The site is in close proximity to I-215 with 113132 ADT Traffic counts on the adjacent streets include 44731 ADT on Redwood Rd and 25317 ADT on 7000 South
POPULATIONYEAR CITY OF WEST JORDAN2019 118855
CITY SUMMARY (City of West Jordan Information)This area of West Jordan is characterized by national and local retail and a growing housing market The median household income in a 5-mile radius is $66408 with a population of 409552 in 134527 housing units (6287 of the units are owned 3713 of the units are rented and only 22 are vacant) Within a 3-mile radius the median household income is slightly higher at $68627 with a total population of 132142 and a total number of household units at 42915 The median home value in the area is $318266 which is lower than Salt Lake County at $461191 and slightly lower than the state median home value of $363583
There is one 220000 SF Super Walmart store in this submarket located 152 miles North on Redwood Rd The other regional shopping center in the trade area is the 728000 SF Crossroads at Taylorsville anchored by Target (opening Sept 2020) Regal Cinema (opened 2017) Ross TJ Maxx (opened 2018) JoAnn Fabrics and a Harmonrsquos Grocery (remodeled in 2017) West Jordan is located 936 miles south of Utahrsquos largest International Airport that is currently going through a $4 Billion expansion that will be completed in various phases with the final phase scheduled for completion in 2024
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
THE TOP REASONS WHY YOU SHOULD CHOOSE WEST JORDANbull Strong business advocacy and environment providing economic development relocation incentives on a state and local levelbull Extensive transportation system including multiple interstate highways bus rail and air transportationbull Great public educationalbull Extensive recreational opportunities in the surrounding areas such as skiing mountain biking hiking camping rock climbing
fishing and many othersbull Only 946 Miles from Downtown Salt Lakebull 15-minute drive time from the two largest indoor shopping malls in the state City Creek Mall and Fashion Place Mallbull Close proximity to a multitude of restaurants and services
EDUCATIONThe City of West Jordan is home to 107 schools between preschools to high schools with a total student population of 54511 The students in West Jordan perform slightly above the state averages with proficiency in English 2 above the state average Math 2 above the state average and Science 3 above the state average
ARTS RECREATION amp ENTERTAINMENTWest Jordan is a great place to live work and play It is centrally located in the Salt Lake City Metro area and 946 miles southwest of Downtown Salt Lake West Jordan is a 30-45 minute drive from 6 world class ski resorts (Deer Valley Park City Brighton Solitude Snowbird Alta) an hour East to the Uinta National Forest where there are a multitude of camping and hiking locations and 3-4 hours north of 5 National Parks (Arches Capitol Reef Zion Bryce Canyon Lands)
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
NEIGHBORHOOD DEMOGRAPHICSThe city of West Jordan has a population of 118855 people with a median age of 298 and a median household income of $78799 In 2010 the Census count in the area was 103611 Since 2010 the popluation has grown at a rate of 149 year over year The five-year projection for the population in the area is 126938 representing a change of 132 annually from 2019 to 2024 Currently the population is 504 male and 496 female
The population of West Jordan UT is 790 White 12 Black and 199 Hispanic The median property value in West Jordan UT is $318266 and the home ownership rate is 729
ECONOMIC SUMMARY
MAJOR EMPLOYERS BY RANK INDUSTRY EMPLOYEES1 Jordan School District Education 31452 Smiths Food 7303 Jordan Valley Medical Center Hospital 6904 Mountain America Credit Union Banking 6005 Union City of West Jordan City Offices 5536 Walmart Retail 5817 Sysco Intermountain Food Services 4388 SME Industries Steel 3759 National Benefit Services Benefit Administration 29810 Dannon Company Food 250
NOTEABLE BUSINESSES BUSINESS ACTIVITY IN THE WEST JORDAN AREAbull Boeing completed the expansion of its West Jordan facility in September 2015 Boeingrsquos expanded an 850000 SF building from a vacant warehouse to a composite fabrication production center with 100 employees where they manufacture the horizontal stabilizer for the 787-9 Dreamlinerbull Oracle has a global information technology facility in West Jordan bull West Jordan is the site for SME Steelrsquos headquarters
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
Landmark Property amp Development LLC has been retained as exclusive advisor and broker to Target Corporation (ldquoOwnerrdquo) regarding the sale of a 121956 square foot building being referred to as Target (T-768) in West Jordan Utah (ldquoPropertyrdquo)
This Confidential Offering Memorandum has been prepared by Landmark Property amp Development LLC for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the Property or any of the documents related thereto nor does it purport to be all-inclusive or to contain all of the information which prospective investors may need or desire All projections have been developed by Landmark Property amp Development LLC Owner and designated sources and are based upon assumptions relating to the general economy competition and other factors beyond the control of Landmark Property amp Development LLC and Owner and therefore are subject to variation No representation is made by Landmark Property amp Development LLC or Owner as to the accuracy or completeness of the information contained herein and nothing contained herein is or shall be relied on as a promise or representation as to the future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC Owner and their employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Owner and their employees disclaim any and all liability for representations and warranties expressed and implied contained in or for omissions from the Confidential Offering Memorandum or any other written or oral communication transmitted or made available to the recipient
LEGAL DISCLAIMER
LEGAL DISCLAIMERThe Confidential Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the Property or Owner since the date of preparation of the Confidential Offering Memorandum Analysis and verification of the information contained in the Confidential Offering Memorandum is solely the responsibility of the prospective purchaser Additional information and an opportunity to inspect the Property will be made available upon request to interested and qualified prospective investors
Owner expressly reserves the right at its sole discretion to reject any or all expressions of interest or offers regarding the Property andor terminate discussions with any entity at any time with or without notice Owner shall have no legal commitment or obligation to any entity reviewing the Confidential Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Owner a written agreement for the purchase of the Property has been fully executed delivered and approved by Owner and its legal counsel and any conditions to Ownerrsquos obligations there under have been satisfied or waived
This Confidential Offering Memorandum and the contents except such information which is a matter of public record or is provided in sources available to the public are of a confidential nature By accepting the Confidential Offering Memorandum you agree that you will not use the Confidential Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of Owner or Landmark Property amp Development LLC
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
Documents will open in a new window and may take a few minutes to download
If you are not prompted to Save or Open click refresh on your browserrsquos window
FILES FOR DOWNLOAD
FILES FOR DOWNLOAD
DOWNLOAD
You may also request a hard copy amp disc of plans from Joren Peterson at jorenlandmarkpdcom and Hayden Peterson at haydenlandmarkpdcom
BROKER REGISTRATIONCERTIFICATE
DOWNLOAD
DOWNLOAD PLAT
DOWNLOAD ALTA SURVEY
DOWNLOAD DECLARATION OF RESTRICTIONS AND EASEMENTS
DOWNLOAD
DOWNLOAD DEMOGRAPHIC REPORT
DOWNLOAD FLOOR PLANDOWNLOAD
DOWNLOAD ZONING
COMMON AREA MAINTENANCEAGREEMENT
1ST 2ND amp 3RD AMENDMENTS TO DECLARATION OF RESTRICTIONS AND EASEMENTS
DECLARATIONS OF EASEMENTS COVENANTS CONDITIONS AND RESTRICTIONS
DOWNLOAD SITE PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
CONTACTS
FOR MORE INFORMATION PLEASE CONTACTBROKER CONTACTS
JOREN PETERSON HAYDEN PETERSON
4356596979 4356598747jorenlandmarkpdcom haydenlandmarkpdcom
Landmark Property amp Landmark Property amp Development Development PO Box 980580 PO Box 980580Park City UT 84098 Park City UT 84098
CITY CONTACT NUMBERS
PLANNING AND ZONING OFFICE8015695060FIRE ADMINISTRATION8012607300POLICE DEPARTMENT (NON-EMERGENCY)8018404000BUILDING INSPECTION AND PERMITS8015695050
APPROVING PARTY TO THE DECLARATION OF RESTRICTIONS AND EASEMENTS
WRIWest Jordan LLC Albertsons IncWeingarten Realty Investors 250 Parkcenter Blvd2600 Citadel Plaza Drive PO Box 20Houston TX 77008 Boise ID 83726Attn President Attn Legal Dept Lou Brock Phone 3038013702
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
OFFERING TERMSThe asking price is $5500000
INITIAL DUE DILIGENCEPLEASE DO NOT DISTURB STORE EMPLOYEES OR CUSTOMERSThe opportunity to investigate and tour the Property will be made available upon request to interested and qualified buyers Buyers and their representatives MAY NOT tour the interior of the building on their own Once arranged in accordance with these guidelines property tours will be scheduled coordinated and conducted by representatives of Landmark Property amp Development LLC Each prospective Buyer is to rely solely upon its own investigation evaluation and judgment as to the conditions attributes and value of the property
INSPECTION PERIOD EXPIRATION DATE Recommend sixty (60) days or less due diligence period
CLOSE OF ESCROWRecommend thirty (30) days or less from expiration of due diligence
PERSONAL PROPERTY TRADE FIXTURES AND SYSTEMSOn or before the Closing Date Seller shall have the right (but not the obligation) to remove from the Property (i) any or all of Sellerrsquos inventory trade fixtures and other removable personal property (including but not limited to point of sale equipment) (ii) Sellerrsquos compactor bailer and generator and (iii) Sellerrsquos security energy management and phone systems
CONDITION OF SALEThe property is being offered in its ldquoas isrdquo condition Purchaser shall confirm by Purchaserrsquos own due diligence the condition and suitability of the property without any reliance upon information provided herein
PURCHASING GUIDELINES
PURCHASING GUIDELINESDOCUMENTATIONTarget will prepare the Option Agreement and related documents
TITLE REPORTTo be provided by Target upon execution of the Option Agreement
EXCLUSIVE BROKERLandmark Property amp Development LLC hereinafter referred to as ldquoSellerrsquos Brokerrdquo pursuant to a separate listing agreement with Target Corporation All brokers and prospective purchasers must sign and return the Broker Registration Certificate contained in the ldquoFiles for Downloadrdquo section herein
PROPERTY CONTACTSA list of informational contacts is included in the ldquoContactsrdquo section of this presentation
OFFER FORMATPlease note that all final LOIrsquos will be put on Target form It is highly recommended that all offers be made in the form of a Letter of Intent (LOI) and should include at a minimum the following information bull A full outline of the terms offeredbull Purchase price upon close of escrowbull Contingencies (detailed) and length of due diligence periodbull Source of Buyerrsquos financingbull Amount of initial deposit monies (not less than $100000) to
be deposited and held with a designated Title Company in an interest bearing account
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTbull Upon completion of the due diligence period an additional
non-refundable deposit of $100000 to be deposited and held by the designated Title Company in an interest bearing account In no event shall the due diligence period go beyond sixty (60) days
bull Close of escrow to be no sooner and no later than thirty (30) days after completion of due diligence unless extended by Target as described elsewhere herein
bull A detailed description of the proposed use of the site including the nature of the planned operator(s) In this regard Target intends to confirm anchor tenant(s) interest in this location
bull A Buyerrsquos corporate resume including a list of recent purchases of similar properties with at least five related references
bull A contact name and means of contact for Buyerrsquos firm (including e-mail address)
bull Identification of Buyerrsquos broker if any together with a statement that no other brokers are involved whom can rightfully claim to represent the Buyer Buyer understands that Target will rely on this information See the Broker Registration Certificate included herein which must be completed and submitted with each bid
REVIEW OF OFFER(S)
Right to RejectLandmark Property amp Development LLC and Target will review all offers Acceptability of offers will be based on purchase price Buyerrsquos financials Buyerrsquos business resume and reputation ability and willingness of the Buyer to close the sale length of time to close and other pertinent factors of concern to Target Landmark Property amp Development LLC and Target expressly reserve the right in their sole discretion to review andor reject any or all expressions of interest or offers to purchase the Property andor to terminate discussions with any person or entity at any time with or without notice Target shall have no legal commitment or obligations to any person or entity reviewing the Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Target an Option Agreement for the purchase of the Property has been fully executed delivered and approved by Target and its legal counsel and any conditions to Targetrsquos obligations thereunder have been satisfied or waived
Confidentiality Conditions and DisclaimerThis Offering Memorandum has been prepared by Landmark Property amp Development LLC for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the subject Property or any of the documents related thereto nor does it purport to be all-inclusive or to contain all of the information which prospective buyers may need or desire No representation is made by Landmark Property amp Development LLC or Target as to the accuracy or completeness of the information contained herein nor in subsequently provided
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTmaterials and nothing contained herein is or shall be relied on as a promise or representation as to the condition of or future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC as well as Target and its employees disclaim any responsibility for inaccuracies and expect prospective buyers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Target and its employees disclaim any and all liability for representations and warranties expressed andor implied contained in or for omission from the Offering Memorandum or any other written or oral communication transmitted or made available to the recipient The Offering Memorandum does not constitute a representation that there have been no changes of any nature involving the Property since the date of preparation of the Offering Memorandum Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective Buyer
Joren PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356596979jorenlandmarkpdcom
Hayden PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356598747haydenlandmarkpdcom
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
BUILDING PHOTOS
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLAN FLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
BUILDING PHOTOS
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLAN FLOOR PLAN
Redwood Rd Redwood Rd 7000 South
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
BUILDING PHOTOS
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLANFLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
ALTA SURVEY
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLANFLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
SITE PLAN
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLANFLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
FLOOR PLAN
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLANFLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
DEMOGRAPHICS
DEMOGRAPHICS
The median age within 5 miles of the subject property is 325 years with a median household income of $66408 The estimated median housing value for 2019 was $321428 Demographics represent only full-time residents and actual home ownership
DEMOGRAPHICS (2019 ESTIMATE)
3 MILES 5 MILES 10 MILESPOPULATION 132142 409552 1050784MEDIAN HH INCOME $68672 $66408 $74119AVERAGE HH INCOME $83183 $82273 $94317MEDIAN AGE 329 325 328NUMBER OF HHrsquos 42915 134527 343332TOTAL DAYTIME 124950 402242 1093870TOTAL EMPLOYEES 59844 198487 565600
For a more detailed demographics report see the Files for Download section
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
SITE LOCATION MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
ABSOLUTE POPULATION GROWTH MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
2019 POPULATION INCOME MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
CITY OF WEST JORDAN UTAH
GEOGRAPHIC LOCATIONThe City of West Jordan (118855 POP) is the second largest city in the state of Utah and is located on the west side of I-15 in Salt Lake County (17M POP) The site is in close proximity to I-215 with 113132 ADT Traffic counts on the adjacent streets include 44731 ADT on Redwood Rd and 25317 ADT on 7000 South
POPULATIONYEAR CITY OF WEST JORDAN2019 118855
CITY SUMMARY (City of West Jordan Information)This area of West Jordan is characterized by national and local retail and a growing housing market The median household income in a 5-mile radius is $66408 with a population of 409552 in 134527 housing units (6287 of the units are owned 3713 of the units are rented and only 22 are vacant) Within a 3-mile radius the median household income is slightly higher at $68627 with a total population of 132142 and a total number of household units at 42915 The median home value in the area is $318266 which is lower than Salt Lake County at $461191 and slightly lower than the state median home value of $363583
There is one 220000 SF Super Walmart store in this submarket located 152 miles North on Redwood Rd The other regional shopping center in the trade area is the 728000 SF Crossroads at Taylorsville anchored by Target (opening Sept 2020) Regal Cinema (opened 2017) Ross TJ Maxx (opened 2018) JoAnn Fabrics and a Harmonrsquos Grocery (remodeled in 2017) West Jordan is located 936 miles south of Utahrsquos largest International Airport that is currently going through a $4 Billion expansion that will be completed in various phases with the final phase scheduled for completion in 2024
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
THE TOP REASONS WHY YOU SHOULD CHOOSE WEST JORDANbull Strong business advocacy and environment providing economic development relocation incentives on a state and local levelbull Extensive transportation system including multiple interstate highways bus rail and air transportationbull Great public educationalbull Extensive recreational opportunities in the surrounding areas such as skiing mountain biking hiking camping rock climbing
fishing and many othersbull Only 946 Miles from Downtown Salt Lakebull 15-minute drive time from the two largest indoor shopping malls in the state City Creek Mall and Fashion Place Mallbull Close proximity to a multitude of restaurants and services
EDUCATIONThe City of West Jordan is home to 107 schools between preschools to high schools with a total student population of 54511 The students in West Jordan perform slightly above the state averages with proficiency in English 2 above the state average Math 2 above the state average and Science 3 above the state average
ARTS RECREATION amp ENTERTAINMENTWest Jordan is a great place to live work and play It is centrally located in the Salt Lake City Metro area and 946 miles southwest of Downtown Salt Lake West Jordan is a 30-45 minute drive from 6 world class ski resorts (Deer Valley Park City Brighton Solitude Snowbird Alta) an hour East to the Uinta National Forest where there are a multitude of camping and hiking locations and 3-4 hours north of 5 National Parks (Arches Capitol Reef Zion Bryce Canyon Lands)
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
NEIGHBORHOOD DEMOGRAPHICSThe city of West Jordan has a population of 118855 people with a median age of 298 and a median household income of $78799 In 2010 the Census count in the area was 103611 Since 2010 the popluation has grown at a rate of 149 year over year The five-year projection for the population in the area is 126938 representing a change of 132 annually from 2019 to 2024 Currently the population is 504 male and 496 female
The population of West Jordan UT is 790 White 12 Black and 199 Hispanic The median property value in West Jordan UT is $318266 and the home ownership rate is 729
ECONOMIC SUMMARY
MAJOR EMPLOYERS BY RANK INDUSTRY EMPLOYEES1 Jordan School District Education 31452 Smiths Food 7303 Jordan Valley Medical Center Hospital 6904 Mountain America Credit Union Banking 6005 Union City of West Jordan City Offices 5536 Walmart Retail 5817 Sysco Intermountain Food Services 4388 SME Industries Steel 3759 National Benefit Services Benefit Administration 29810 Dannon Company Food 250
NOTEABLE BUSINESSES BUSINESS ACTIVITY IN THE WEST JORDAN AREAbull Boeing completed the expansion of its West Jordan facility in September 2015 Boeingrsquos expanded an 850000 SF building from a vacant warehouse to a composite fabrication production center with 100 employees where they manufacture the horizontal stabilizer for the 787-9 Dreamlinerbull Oracle has a global information technology facility in West Jordan bull West Jordan is the site for SME Steelrsquos headquarters
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
Landmark Property amp Development LLC has been retained as exclusive advisor and broker to Target Corporation (ldquoOwnerrdquo) regarding the sale of a 121956 square foot building being referred to as Target (T-768) in West Jordan Utah (ldquoPropertyrdquo)
This Confidential Offering Memorandum has been prepared by Landmark Property amp Development LLC for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the Property or any of the documents related thereto nor does it purport to be all-inclusive or to contain all of the information which prospective investors may need or desire All projections have been developed by Landmark Property amp Development LLC Owner and designated sources and are based upon assumptions relating to the general economy competition and other factors beyond the control of Landmark Property amp Development LLC and Owner and therefore are subject to variation No representation is made by Landmark Property amp Development LLC or Owner as to the accuracy or completeness of the information contained herein and nothing contained herein is or shall be relied on as a promise or representation as to the future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC Owner and their employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Owner and their employees disclaim any and all liability for representations and warranties expressed and implied contained in or for omissions from the Confidential Offering Memorandum or any other written or oral communication transmitted or made available to the recipient
LEGAL DISCLAIMER
LEGAL DISCLAIMERThe Confidential Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the Property or Owner since the date of preparation of the Confidential Offering Memorandum Analysis and verification of the information contained in the Confidential Offering Memorandum is solely the responsibility of the prospective purchaser Additional information and an opportunity to inspect the Property will be made available upon request to interested and qualified prospective investors
Owner expressly reserves the right at its sole discretion to reject any or all expressions of interest or offers regarding the Property andor terminate discussions with any entity at any time with or without notice Owner shall have no legal commitment or obligation to any entity reviewing the Confidential Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Owner a written agreement for the purchase of the Property has been fully executed delivered and approved by Owner and its legal counsel and any conditions to Ownerrsquos obligations there under have been satisfied or waived
This Confidential Offering Memorandum and the contents except such information which is a matter of public record or is provided in sources available to the public are of a confidential nature By accepting the Confidential Offering Memorandum you agree that you will not use the Confidential Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of Owner or Landmark Property amp Development LLC
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
Documents will open in a new window and may take a few minutes to download
If you are not prompted to Save or Open click refresh on your browserrsquos window
FILES FOR DOWNLOAD
FILES FOR DOWNLOAD
DOWNLOAD
You may also request a hard copy amp disc of plans from Joren Peterson at jorenlandmarkpdcom and Hayden Peterson at haydenlandmarkpdcom
BROKER REGISTRATIONCERTIFICATE
DOWNLOAD
DOWNLOAD PLAT
DOWNLOAD ALTA SURVEY
DOWNLOAD DECLARATION OF RESTRICTIONS AND EASEMENTS
DOWNLOAD
DOWNLOAD DEMOGRAPHIC REPORT
DOWNLOAD FLOOR PLANDOWNLOAD
DOWNLOAD ZONING
COMMON AREA MAINTENANCEAGREEMENT
1ST 2ND amp 3RD AMENDMENTS TO DECLARATION OF RESTRICTIONS AND EASEMENTS
DECLARATIONS OF EASEMENTS COVENANTS CONDITIONS AND RESTRICTIONS
DOWNLOAD SITE PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
CONTACTS
FOR MORE INFORMATION PLEASE CONTACTBROKER CONTACTS
JOREN PETERSON HAYDEN PETERSON
4356596979 4356598747jorenlandmarkpdcom haydenlandmarkpdcom
Landmark Property amp Landmark Property amp Development Development PO Box 980580 PO Box 980580Park City UT 84098 Park City UT 84098
CITY CONTACT NUMBERS
PLANNING AND ZONING OFFICE8015695060FIRE ADMINISTRATION8012607300POLICE DEPARTMENT (NON-EMERGENCY)8018404000BUILDING INSPECTION AND PERMITS8015695050
APPROVING PARTY TO THE DECLARATION OF RESTRICTIONS AND EASEMENTS
WRIWest Jordan LLC Albertsons IncWeingarten Realty Investors 250 Parkcenter Blvd2600 Citadel Plaza Drive PO Box 20Houston TX 77008 Boise ID 83726Attn President Attn Legal Dept Lou Brock Phone 3038013702
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
OFFERING TERMSThe asking price is $5500000
INITIAL DUE DILIGENCEPLEASE DO NOT DISTURB STORE EMPLOYEES OR CUSTOMERSThe opportunity to investigate and tour the Property will be made available upon request to interested and qualified buyers Buyers and their representatives MAY NOT tour the interior of the building on their own Once arranged in accordance with these guidelines property tours will be scheduled coordinated and conducted by representatives of Landmark Property amp Development LLC Each prospective Buyer is to rely solely upon its own investigation evaluation and judgment as to the conditions attributes and value of the property
INSPECTION PERIOD EXPIRATION DATE Recommend sixty (60) days or less due diligence period
CLOSE OF ESCROWRecommend thirty (30) days or less from expiration of due diligence
PERSONAL PROPERTY TRADE FIXTURES AND SYSTEMSOn or before the Closing Date Seller shall have the right (but not the obligation) to remove from the Property (i) any or all of Sellerrsquos inventory trade fixtures and other removable personal property (including but not limited to point of sale equipment) (ii) Sellerrsquos compactor bailer and generator and (iii) Sellerrsquos security energy management and phone systems
CONDITION OF SALEThe property is being offered in its ldquoas isrdquo condition Purchaser shall confirm by Purchaserrsquos own due diligence the condition and suitability of the property without any reliance upon information provided herein
PURCHASING GUIDELINES
PURCHASING GUIDELINESDOCUMENTATIONTarget will prepare the Option Agreement and related documents
TITLE REPORTTo be provided by Target upon execution of the Option Agreement
EXCLUSIVE BROKERLandmark Property amp Development LLC hereinafter referred to as ldquoSellerrsquos Brokerrdquo pursuant to a separate listing agreement with Target Corporation All brokers and prospective purchasers must sign and return the Broker Registration Certificate contained in the ldquoFiles for Downloadrdquo section herein
PROPERTY CONTACTSA list of informational contacts is included in the ldquoContactsrdquo section of this presentation
OFFER FORMATPlease note that all final LOIrsquos will be put on Target form It is highly recommended that all offers be made in the form of a Letter of Intent (LOI) and should include at a minimum the following information bull A full outline of the terms offeredbull Purchase price upon close of escrowbull Contingencies (detailed) and length of due diligence periodbull Source of Buyerrsquos financingbull Amount of initial deposit monies (not less than $100000) to
be deposited and held with a designated Title Company in an interest bearing account
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTbull Upon completion of the due diligence period an additional
non-refundable deposit of $100000 to be deposited and held by the designated Title Company in an interest bearing account In no event shall the due diligence period go beyond sixty (60) days
bull Close of escrow to be no sooner and no later than thirty (30) days after completion of due diligence unless extended by Target as described elsewhere herein
bull A detailed description of the proposed use of the site including the nature of the planned operator(s) In this regard Target intends to confirm anchor tenant(s) interest in this location
bull A Buyerrsquos corporate resume including a list of recent purchases of similar properties with at least five related references
bull A contact name and means of contact for Buyerrsquos firm (including e-mail address)
bull Identification of Buyerrsquos broker if any together with a statement that no other brokers are involved whom can rightfully claim to represent the Buyer Buyer understands that Target will rely on this information See the Broker Registration Certificate included herein which must be completed and submitted with each bid
REVIEW OF OFFER(S)
Right to RejectLandmark Property amp Development LLC and Target will review all offers Acceptability of offers will be based on purchase price Buyerrsquos financials Buyerrsquos business resume and reputation ability and willingness of the Buyer to close the sale length of time to close and other pertinent factors of concern to Target Landmark Property amp Development LLC and Target expressly reserve the right in their sole discretion to review andor reject any or all expressions of interest or offers to purchase the Property andor to terminate discussions with any person or entity at any time with or without notice Target shall have no legal commitment or obligations to any person or entity reviewing the Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Target an Option Agreement for the purchase of the Property has been fully executed delivered and approved by Target and its legal counsel and any conditions to Targetrsquos obligations thereunder have been satisfied or waived
Confidentiality Conditions and DisclaimerThis Offering Memorandum has been prepared by Landmark Property amp Development LLC for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the subject Property or any of the documents related thereto nor does it purport to be all-inclusive or to contain all of the information which prospective buyers may need or desire No representation is made by Landmark Property amp Development LLC or Target as to the accuracy or completeness of the information contained herein nor in subsequently provided
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTmaterials and nothing contained herein is or shall be relied on as a promise or representation as to the condition of or future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC as well as Target and its employees disclaim any responsibility for inaccuracies and expect prospective buyers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Target and its employees disclaim any and all liability for representations and warranties expressed andor implied contained in or for omission from the Offering Memorandum or any other written or oral communication transmitted or made available to the recipient The Offering Memorandum does not constitute a representation that there have been no changes of any nature involving the Property since the date of preparation of the Offering Memorandum Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective Buyer
Joren PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356596979jorenlandmarkpdcom
Hayden PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356598747haydenlandmarkpdcom
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
BUILDING PHOTOS
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLAN FLOOR PLAN
Redwood Rd Redwood Rd 7000 South
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
BUILDING PHOTOS
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLANFLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
ALTA SURVEY
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLANFLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
SITE PLAN
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLANFLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
FLOOR PLAN
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLANFLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
DEMOGRAPHICS
DEMOGRAPHICS
The median age within 5 miles of the subject property is 325 years with a median household income of $66408 The estimated median housing value for 2019 was $321428 Demographics represent only full-time residents and actual home ownership
DEMOGRAPHICS (2019 ESTIMATE)
3 MILES 5 MILES 10 MILESPOPULATION 132142 409552 1050784MEDIAN HH INCOME $68672 $66408 $74119AVERAGE HH INCOME $83183 $82273 $94317MEDIAN AGE 329 325 328NUMBER OF HHrsquos 42915 134527 343332TOTAL DAYTIME 124950 402242 1093870TOTAL EMPLOYEES 59844 198487 565600
For a more detailed demographics report see the Files for Download section
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
SITE LOCATION MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
ABSOLUTE POPULATION GROWTH MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
2019 POPULATION INCOME MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
CITY OF WEST JORDAN UTAH
GEOGRAPHIC LOCATIONThe City of West Jordan (118855 POP) is the second largest city in the state of Utah and is located on the west side of I-15 in Salt Lake County (17M POP) The site is in close proximity to I-215 with 113132 ADT Traffic counts on the adjacent streets include 44731 ADT on Redwood Rd and 25317 ADT on 7000 South
POPULATIONYEAR CITY OF WEST JORDAN2019 118855
CITY SUMMARY (City of West Jordan Information)This area of West Jordan is characterized by national and local retail and a growing housing market The median household income in a 5-mile radius is $66408 with a population of 409552 in 134527 housing units (6287 of the units are owned 3713 of the units are rented and only 22 are vacant) Within a 3-mile radius the median household income is slightly higher at $68627 with a total population of 132142 and a total number of household units at 42915 The median home value in the area is $318266 which is lower than Salt Lake County at $461191 and slightly lower than the state median home value of $363583
There is one 220000 SF Super Walmart store in this submarket located 152 miles North on Redwood Rd The other regional shopping center in the trade area is the 728000 SF Crossroads at Taylorsville anchored by Target (opening Sept 2020) Regal Cinema (opened 2017) Ross TJ Maxx (opened 2018) JoAnn Fabrics and a Harmonrsquos Grocery (remodeled in 2017) West Jordan is located 936 miles south of Utahrsquos largest International Airport that is currently going through a $4 Billion expansion that will be completed in various phases with the final phase scheduled for completion in 2024
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
THE TOP REASONS WHY YOU SHOULD CHOOSE WEST JORDANbull Strong business advocacy and environment providing economic development relocation incentives on a state and local levelbull Extensive transportation system including multiple interstate highways bus rail and air transportationbull Great public educationalbull Extensive recreational opportunities in the surrounding areas such as skiing mountain biking hiking camping rock climbing
fishing and many othersbull Only 946 Miles from Downtown Salt Lakebull 15-minute drive time from the two largest indoor shopping malls in the state City Creek Mall and Fashion Place Mallbull Close proximity to a multitude of restaurants and services
EDUCATIONThe City of West Jordan is home to 107 schools between preschools to high schools with a total student population of 54511 The students in West Jordan perform slightly above the state averages with proficiency in English 2 above the state average Math 2 above the state average and Science 3 above the state average
ARTS RECREATION amp ENTERTAINMENTWest Jordan is a great place to live work and play It is centrally located in the Salt Lake City Metro area and 946 miles southwest of Downtown Salt Lake West Jordan is a 30-45 minute drive from 6 world class ski resorts (Deer Valley Park City Brighton Solitude Snowbird Alta) an hour East to the Uinta National Forest where there are a multitude of camping and hiking locations and 3-4 hours north of 5 National Parks (Arches Capitol Reef Zion Bryce Canyon Lands)
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
NEIGHBORHOOD DEMOGRAPHICSThe city of West Jordan has a population of 118855 people with a median age of 298 and a median household income of $78799 In 2010 the Census count in the area was 103611 Since 2010 the popluation has grown at a rate of 149 year over year The five-year projection for the population in the area is 126938 representing a change of 132 annually from 2019 to 2024 Currently the population is 504 male and 496 female
The population of West Jordan UT is 790 White 12 Black and 199 Hispanic The median property value in West Jordan UT is $318266 and the home ownership rate is 729
ECONOMIC SUMMARY
MAJOR EMPLOYERS BY RANK INDUSTRY EMPLOYEES1 Jordan School District Education 31452 Smiths Food 7303 Jordan Valley Medical Center Hospital 6904 Mountain America Credit Union Banking 6005 Union City of West Jordan City Offices 5536 Walmart Retail 5817 Sysco Intermountain Food Services 4388 SME Industries Steel 3759 National Benefit Services Benefit Administration 29810 Dannon Company Food 250
NOTEABLE BUSINESSES BUSINESS ACTIVITY IN THE WEST JORDAN AREAbull Boeing completed the expansion of its West Jordan facility in September 2015 Boeingrsquos expanded an 850000 SF building from a vacant warehouse to a composite fabrication production center with 100 employees where they manufacture the horizontal stabilizer for the 787-9 Dreamlinerbull Oracle has a global information technology facility in West Jordan bull West Jordan is the site for SME Steelrsquos headquarters
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
Landmark Property amp Development LLC has been retained as exclusive advisor and broker to Target Corporation (ldquoOwnerrdquo) regarding the sale of a 121956 square foot building being referred to as Target (T-768) in West Jordan Utah (ldquoPropertyrdquo)
This Confidential Offering Memorandum has been prepared by Landmark Property amp Development LLC for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the Property or any of the documents related thereto nor does it purport to be all-inclusive or to contain all of the information which prospective investors may need or desire All projections have been developed by Landmark Property amp Development LLC Owner and designated sources and are based upon assumptions relating to the general economy competition and other factors beyond the control of Landmark Property amp Development LLC and Owner and therefore are subject to variation No representation is made by Landmark Property amp Development LLC or Owner as to the accuracy or completeness of the information contained herein and nothing contained herein is or shall be relied on as a promise or representation as to the future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC Owner and their employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Owner and their employees disclaim any and all liability for representations and warranties expressed and implied contained in or for omissions from the Confidential Offering Memorandum or any other written or oral communication transmitted or made available to the recipient
LEGAL DISCLAIMER
LEGAL DISCLAIMERThe Confidential Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the Property or Owner since the date of preparation of the Confidential Offering Memorandum Analysis and verification of the information contained in the Confidential Offering Memorandum is solely the responsibility of the prospective purchaser Additional information and an opportunity to inspect the Property will be made available upon request to interested and qualified prospective investors
Owner expressly reserves the right at its sole discretion to reject any or all expressions of interest or offers regarding the Property andor terminate discussions with any entity at any time with or without notice Owner shall have no legal commitment or obligation to any entity reviewing the Confidential Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Owner a written agreement for the purchase of the Property has been fully executed delivered and approved by Owner and its legal counsel and any conditions to Ownerrsquos obligations there under have been satisfied or waived
This Confidential Offering Memorandum and the contents except such information which is a matter of public record or is provided in sources available to the public are of a confidential nature By accepting the Confidential Offering Memorandum you agree that you will not use the Confidential Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of Owner or Landmark Property amp Development LLC
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
Documents will open in a new window and may take a few minutes to download
If you are not prompted to Save or Open click refresh on your browserrsquos window
FILES FOR DOWNLOAD
FILES FOR DOWNLOAD
DOWNLOAD
You may also request a hard copy amp disc of plans from Joren Peterson at jorenlandmarkpdcom and Hayden Peterson at haydenlandmarkpdcom
BROKER REGISTRATIONCERTIFICATE
DOWNLOAD
DOWNLOAD PLAT
DOWNLOAD ALTA SURVEY
DOWNLOAD DECLARATION OF RESTRICTIONS AND EASEMENTS
DOWNLOAD
DOWNLOAD DEMOGRAPHIC REPORT
DOWNLOAD FLOOR PLANDOWNLOAD
DOWNLOAD ZONING
COMMON AREA MAINTENANCEAGREEMENT
1ST 2ND amp 3RD AMENDMENTS TO DECLARATION OF RESTRICTIONS AND EASEMENTS
DECLARATIONS OF EASEMENTS COVENANTS CONDITIONS AND RESTRICTIONS
DOWNLOAD SITE PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
CONTACTS
FOR MORE INFORMATION PLEASE CONTACTBROKER CONTACTS
JOREN PETERSON HAYDEN PETERSON
4356596979 4356598747jorenlandmarkpdcom haydenlandmarkpdcom
Landmark Property amp Landmark Property amp Development Development PO Box 980580 PO Box 980580Park City UT 84098 Park City UT 84098
CITY CONTACT NUMBERS
PLANNING AND ZONING OFFICE8015695060FIRE ADMINISTRATION8012607300POLICE DEPARTMENT (NON-EMERGENCY)8018404000BUILDING INSPECTION AND PERMITS8015695050
APPROVING PARTY TO THE DECLARATION OF RESTRICTIONS AND EASEMENTS
WRIWest Jordan LLC Albertsons IncWeingarten Realty Investors 250 Parkcenter Blvd2600 Citadel Plaza Drive PO Box 20Houston TX 77008 Boise ID 83726Attn President Attn Legal Dept Lou Brock Phone 3038013702
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
OFFERING TERMSThe asking price is $5500000
INITIAL DUE DILIGENCEPLEASE DO NOT DISTURB STORE EMPLOYEES OR CUSTOMERSThe opportunity to investigate and tour the Property will be made available upon request to interested and qualified buyers Buyers and their representatives MAY NOT tour the interior of the building on their own Once arranged in accordance with these guidelines property tours will be scheduled coordinated and conducted by representatives of Landmark Property amp Development LLC Each prospective Buyer is to rely solely upon its own investigation evaluation and judgment as to the conditions attributes and value of the property
INSPECTION PERIOD EXPIRATION DATE Recommend sixty (60) days or less due diligence period
CLOSE OF ESCROWRecommend thirty (30) days or less from expiration of due diligence
PERSONAL PROPERTY TRADE FIXTURES AND SYSTEMSOn or before the Closing Date Seller shall have the right (but not the obligation) to remove from the Property (i) any or all of Sellerrsquos inventory trade fixtures and other removable personal property (including but not limited to point of sale equipment) (ii) Sellerrsquos compactor bailer and generator and (iii) Sellerrsquos security energy management and phone systems
CONDITION OF SALEThe property is being offered in its ldquoas isrdquo condition Purchaser shall confirm by Purchaserrsquos own due diligence the condition and suitability of the property without any reliance upon information provided herein
PURCHASING GUIDELINES
PURCHASING GUIDELINESDOCUMENTATIONTarget will prepare the Option Agreement and related documents
TITLE REPORTTo be provided by Target upon execution of the Option Agreement
EXCLUSIVE BROKERLandmark Property amp Development LLC hereinafter referred to as ldquoSellerrsquos Brokerrdquo pursuant to a separate listing agreement with Target Corporation All brokers and prospective purchasers must sign and return the Broker Registration Certificate contained in the ldquoFiles for Downloadrdquo section herein
PROPERTY CONTACTSA list of informational contacts is included in the ldquoContactsrdquo section of this presentation
OFFER FORMATPlease note that all final LOIrsquos will be put on Target form It is highly recommended that all offers be made in the form of a Letter of Intent (LOI) and should include at a minimum the following information bull A full outline of the terms offeredbull Purchase price upon close of escrowbull Contingencies (detailed) and length of due diligence periodbull Source of Buyerrsquos financingbull Amount of initial deposit monies (not less than $100000) to
be deposited and held with a designated Title Company in an interest bearing account
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTbull Upon completion of the due diligence period an additional
non-refundable deposit of $100000 to be deposited and held by the designated Title Company in an interest bearing account In no event shall the due diligence period go beyond sixty (60) days
bull Close of escrow to be no sooner and no later than thirty (30) days after completion of due diligence unless extended by Target as described elsewhere herein
bull A detailed description of the proposed use of the site including the nature of the planned operator(s) In this regard Target intends to confirm anchor tenant(s) interest in this location
bull A Buyerrsquos corporate resume including a list of recent purchases of similar properties with at least five related references
bull A contact name and means of contact for Buyerrsquos firm (including e-mail address)
bull Identification of Buyerrsquos broker if any together with a statement that no other brokers are involved whom can rightfully claim to represent the Buyer Buyer understands that Target will rely on this information See the Broker Registration Certificate included herein which must be completed and submitted with each bid
REVIEW OF OFFER(S)
Right to RejectLandmark Property amp Development LLC and Target will review all offers Acceptability of offers will be based on purchase price Buyerrsquos financials Buyerrsquos business resume and reputation ability and willingness of the Buyer to close the sale length of time to close and other pertinent factors of concern to Target Landmark Property amp Development LLC and Target expressly reserve the right in their sole discretion to review andor reject any or all expressions of interest or offers to purchase the Property andor to terminate discussions with any person or entity at any time with or without notice Target shall have no legal commitment or obligations to any person or entity reviewing the Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Target an Option Agreement for the purchase of the Property has been fully executed delivered and approved by Target and its legal counsel and any conditions to Targetrsquos obligations thereunder have been satisfied or waived
Confidentiality Conditions and DisclaimerThis Offering Memorandum has been prepared by Landmark Property amp Development LLC for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the subject Property or any of the documents related thereto nor does it purport to be all-inclusive or to contain all of the information which prospective buyers may need or desire No representation is made by Landmark Property amp Development LLC or Target as to the accuracy or completeness of the information contained herein nor in subsequently provided
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTmaterials and nothing contained herein is or shall be relied on as a promise or representation as to the condition of or future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC as well as Target and its employees disclaim any responsibility for inaccuracies and expect prospective buyers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Target and its employees disclaim any and all liability for representations and warranties expressed andor implied contained in or for omission from the Offering Memorandum or any other written or oral communication transmitted or made available to the recipient The Offering Memorandum does not constitute a representation that there have been no changes of any nature involving the Property since the date of preparation of the Offering Memorandum Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective Buyer
Joren PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356596979jorenlandmarkpdcom
Hayden PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356598747haydenlandmarkpdcom
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
BUILDING PHOTOS
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLANFLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
ALTA SURVEY
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLANFLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
SITE PLAN
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLANFLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
FLOOR PLAN
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLANFLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
DEMOGRAPHICS
DEMOGRAPHICS
The median age within 5 miles of the subject property is 325 years with a median household income of $66408 The estimated median housing value for 2019 was $321428 Demographics represent only full-time residents and actual home ownership
DEMOGRAPHICS (2019 ESTIMATE)
3 MILES 5 MILES 10 MILESPOPULATION 132142 409552 1050784MEDIAN HH INCOME $68672 $66408 $74119AVERAGE HH INCOME $83183 $82273 $94317MEDIAN AGE 329 325 328NUMBER OF HHrsquos 42915 134527 343332TOTAL DAYTIME 124950 402242 1093870TOTAL EMPLOYEES 59844 198487 565600
For a more detailed demographics report see the Files for Download section
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
SITE LOCATION MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
ABSOLUTE POPULATION GROWTH MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
2019 POPULATION INCOME MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
CITY OF WEST JORDAN UTAH
GEOGRAPHIC LOCATIONThe City of West Jordan (118855 POP) is the second largest city in the state of Utah and is located on the west side of I-15 in Salt Lake County (17M POP) The site is in close proximity to I-215 with 113132 ADT Traffic counts on the adjacent streets include 44731 ADT on Redwood Rd and 25317 ADT on 7000 South
POPULATIONYEAR CITY OF WEST JORDAN2019 118855
CITY SUMMARY (City of West Jordan Information)This area of West Jordan is characterized by national and local retail and a growing housing market The median household income in a 5-mile radius is $66408 with a population of 409552 in 134527 housing units (6287 of the units are owned 3713 of the units are rented and only 22 are vacant) Within a 3-mile radius the median household income is slightly higher at $68627 with a total population of 132142 and a total number of household units at 42915 The median home value in the area is $318266 which is lower than Salt Lake County at $461191 and slightly lower than the state median home value of $363583
There is one 220000 SF Super Walmart store in this submarket located 152 miles North on Redwood Rd The other regional shopping center in the trade area is the 728000 SF Crossroads at Taylorsville anchored by Target (opening Sept 2020) Regal Cinema (opened 2017) Ross TJ Maxx (opened 2018) JoAnn Fabrics and a Harmonrsquos Grocery (remodeled in 2017) West Jordan is located 936 miles south of Utahrsquos largest International Airport that is currently going through a $4 Billion expansion that will be completed in various phases with the final phase scheduled for completion in 2024
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
THE TOP REASONS WHY YOU SHOULD CHOOSE WEST JORDANbull Strong business advocacy and environment providing economic development relocation incentives on a state and local levelbull Extensive transportation system including multiple interstate highways bus rail and air transportationbull Great public educationalbull Extensive recreational opportunities in the surrounding areas such as skiing mountain biking hiking camping rock climbing
fishing and many othersbull Only 946 Miles from Downtown Salt Lakebull 15-minute drive time from the two largest indoor shopping malls in the state City Creek Mall and Fashion Place Mallbull Close proximity to a multitude of restaurants and services
EDUCATIONThe City of West Jordan is home to 107 schools between preschools to high schools with a total student population of 54511 The students in West Jordan perform slightly above the state averages with proficiency in English 2 above the state average Math 2 above the state average and Science 3 above the state average
ARTS RECREATION amp ENTERTAINMENTWest Jordan is a great place to live work and play It is centrally located in the Salt Lake City Metro area and 946 miles southwest of Downtown Salt Lake West Jordan is a 30-45 minute drive from 6 world class ski resorts (Deer Valley Park City Brighton Solitude Snowbird Alta) an hour East to the Uinta National Forest where there are a multitude of camping and hiking locations and 3-4 hours north of 5 National Parks (Arches Capitol Reef Zion Bryce Canyon Lands)
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
NEIGHBORHOOD DEMOGRAPHICSThe city of West Jordan has a population of 118855 people with a median age of 298 and a median household income of $78799 In 2010 the Census count in the area was 103611 Since 2010 the popluation has grown at a rate of 149 year over year The five-year projection for the population in the area is 126938 representing a change of 132 annually from 2019 to 2024 Currently the population is 504 male and 496 female
The population of West Jordan UT is 790 White 12 Black and 199 Hispanic The median property value in West Jordan UT is $318266 and the home ownership rate is 729
ECONOMIC SUMMARY
MAJOR EMPLOYERS BY RANK INDUSTRY EMPLOYEES1 Jordan School District Education 31452 Smiths Food 7303 Jordan Valley Medical Center Hospital 6904 Mountain America Credit Union Banking 6005 Union City of West Jordan City Offices 5536 Walmart Retail 5817 Sysco Intermountain Food Services 4388 SME Industries Steel 3759 National Benefit Services Benefit Administration 29810 Dannon Company Food 250
NOTEABLE BUSINESSES BUSINESS ACTIVITY IN THE WEST JORDAN AREAbull Boeing completed the expansion of its West Jordan facility in September 2015 Boeingrsquos expanded an 850000 SF building from a vacant warehouse to a composite fabrication production center with 100 employees where they manufacture the horizontal stabilizer for the 787-9 Dreamlinerbull Oracle has a global information technology facility in West Jordan bull West Jordan is the site for SME Steelrsquos headquarters
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
Landmark Property amp Development LLC has been retained as exclusive advisor and broker to Target Corporation (ldquoOwnerrdquo) regarding the sale of a 121956 square foot building being referred to as Target (T-768) in West Jordan Utah (ldquoPropertyrdquo)
This Confidential Offering Memorandum has been prepared by Landmark Property amp Development LLC for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the Property or any of the documents related thereto nor does it purport to be all-inclusive or to contain all of the information which prospective investors may need or desire All projections have been developed by Landmark Property amp Development LLC Owner and designated sources and are based upon assumptions relating to the general economy competition and other factors beyond the control of Landmark Property amp Development LLC and Owner and therefore are subject to variation No representation is made by Landmark Property amp Development LLC or Owner as to the accuracy or completeness of the information contained herein and nothing contained herein is or shall be relied on as a promise or representation as to the future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC Owner and their employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Owner and their employees disclaim any and all liability for representations and warranties expressed and implied contained in or for omissions from the Confidential Offering Memorandum or any other written or oral communication transmitted or made available to the recipient
LEGAL DISCLAIMER
LEGAL DISCLAIMERThe Confidential Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the Property or Owner since the date of preparation of the Confidential Offering Memorandum Analysis and verification of the information contained in the Confidential Offering Memorandum is solely the responsibility of the prospective purchaser Additional information and an opportunity to inspect the Property will be made available upon request to interested and qualified prospective investors
Owner expressly reserves the right at its sole discretion to reject any or all expressions of interest or offers regarding the Property andor terminate discussions with any entity at any time with or without notice Owner shall have no legal commitment or obligation to any entity reviewing the Confidential Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Owner a written agreement for the purchase of the Property has been fully executed delivered and approved by Owner and its legal counsel and any conditions to Ownerrsquos obligations there under have been satisfied or waived
This Confidential Offering Memorandum and the contents except such information which is a matter of public record or is provided in sources available to the public are of a confidential nature By accepting the Confidential Offering Memorandum you agree that you will not use the Confidential Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of Owner or Landmark Property amp Development LLC
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
Documents will open in a new window and may take a few minutes to download
If you are not prompted to Save or Open click refresh on your browserrsquos window
FILES FOR DOWNLOAD
FILES FOR DOWNLOAD
DOWNLOAD
You may also request a hard copy amp disc of plans from Joren Peterson at jorenlandmarkpdcom and Hayden Peterson at haydenlandmarkpdcom
BROKER REGISTRATIONCERTIFICATE
DOWNLOAD
DOWNLOAD PLAT
DOWNLOAD ALTA SURVEY
DOWNLOAD DECLARATION OF RESTRICTIONS AND EASEMENTS
DOWNLOAD
DOWNLOAD DEMOGRAPHIC REPORT
DOWNLOAD FLOOR PLANDOWNLOAD
DOWNLOAD ZONING
COMMON AREA MAINTENANCEAGREEMENT
1ST 2ND amp 3RD AMENDMENTS TO DECLARATION OF RESTRICTIONS AND EASEMENTS
DECLARATIONS OF EASEMENTS COVENANTS CONDITIONS AND RESTRICTIONS
DOWNLOAD SITE PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
CONTACTS
FOR MORE INFORMATION PLEASE CONTACTBROKER CONTACTS
JOREN PETERSON HAYDEN PETERSON
4356596979 4356598747jorenlandmarkpdcom haydenlandmarkpdcom
Landmark Property amp Landmark Property amp Development Development PO Box 980580 PO Box 980580Park City UT 84098 Park City UT 84098
CITY CONTACT NUMBERS
PLANNING AND ZONING OFFICE8015695060FIRE ADMINISTRATION8012607300POLICE DEPARTMENT (NON-EMERGENCY)8018404000BUILDING INSPECTION AND PERMITS8015695050
APPROVING PARTY TO THE DECLARATION OF RESTRICTIONS AND EASEMENTS
WRIWest Jordan LLC Albertsons IncWeingarten Realty Investors 250 Parkcenter Blvd2600 Citadel Plaza Drive PO Box 20Houston TX 77008 Boise ID 83726Attn President Attn Legal Dept Lou Brock Phone 3038013702
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
OFFERING TERMSThe asking price is $5500000
INITIAL DUE DILIGENCEPLEASE DO NOT DISTURB STORE EMPLOYEES OR CUSTOMERSThe opportunity to investigate and tour the Property will be made available upon request to interested and qualified buyers Buyers and their representatives MAY NOT tour the interior of the building on their own Once arranged in accordance with these guidelines property tours will be scheduled coordinated and conducted by representatives of Landmark Property amp Development LLC Each prospective Buyer is to rely solely upon its own investigation evaluation and judgment as to the conditions attributes and value of the property
INSPECTION PERIOD EXPIRATION DATE Recommend sixty (60) days or less due diligence period
CLOSE OF ESCROWRecommend thirty (30) days or less from expiration of due diligence
PERSONAL PROPERTY TRADE FIXTURES AND SYSTEMSOn or before the Closing Date Seller shall have the right (but not the obligation) to remove from the Property (i) any or all of Sellerrsquos inventory trade fixtures and other removable personal property (including but not limited to point of sale equipment) (ii) Sellerrsquos compactor bailer and generator and (iii) Sellerrsquos security energy management and phone systems
CONDITION OF SALEThe property is being offered in its ldquoas isrdquo condition Purchaser shall confirm by Purchaserrsquos own due diligence the condition and suitability of the property without any reliance upon information provided herein
PURCHASING GUIDELINES
PURCHASING GUIDELINESDOCUMENTATIONTarget will prepare the Option Agreement and related documents
TITLE REPORTTo be provided by Target upon execution of the Option Agreement
EXCLUSIVE BROKERLandmark Property amp Development LLC hereinafter referred to as ldquoSellerrsquos Brokerrdquo pursuant to a separate listing agreement with Target Corporation All brokers and prospective purchasers must sign and return the Broker Registration Certificate contained in the ldquoFiles for Downloadrdquo section herein
PROPERTY CONTACTSA list of informational contacts is included in the ldquoContactsrdquo section of this presentation
OFFER FORMATPlease note that all final LOIrsquos will be put on Target form It is highly recommended that all offers be made in the form of a Letter of Intent (LOI) and should include at a minimum the following information bull A full outline of the terms offeredbull Purchase price upon close of escrowbull Contingencies (detailed) and length of due diligence periodbull Source of Buyerrsquos financingbull Amount of initial deposit monies (not less than $100000) to
be deposited and held with a designated Title Company in an interest bearing account
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTbull Upon completion of the due diligence period an additional
non-refundable deposit of $100000 to be deposited and held by the designated Title Company in an interest bearing account In no event shall the due diligence period go beyond sixty (60) days
bull Close of escrow to be no sooner and no later than thirty (30) days after completion of due diligence unless extended by Target as described elsewhere herein
bull A detailed description of the proposed use of the site including the nature of the planned operator(s) In this regard Target intends to confirm anchor tenant(s) interest in this location
bull A Buyerrsquos corporate resume including a list of recent purchases of similar properties with at least five related references
bull A contact name and means of contact for Buyerrsquos firm (including e-mail address)
bull Identification of Buyerrsquos broker if any together with a statement that no other brokers are involved whom can rightfully claim to represent the Buyer Buyer understands that Target will rely on this information See the Broker Registration Certificate included herein which must be completed and submitted with each bid
REVIEW OF OFFER(S)
Right to RejectLandmark Property amp Development LLC and Target will review all offers Acceptability of offers will be based on purchase price Buyerrsquos financials Buyerrsquos business resume and reputation ability and willingness of the Buyer to close the sale length of time to close and other pertinent factors of concern to Target Landmark Property amp Development LLC and Target expressly reserve the right in their sole discretion to review andor reject any or all expressions of interest or offers to purchase the Property andor to terminate discussions with any person or entity at any time with or without notice Target shall have no legal commitment or obligations to any person or entity reviewing the Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Target an Option Agreement for the purchase of the Property has been fully executed delivered and approved by Target and its legal counsel and any conditions to Targetrsquos obligations thereunder have been satisfied or waived
Confidentiality Conditions and DisclaimerThis Offering Memorandum has been prepared by Landmark Property amp Development LLC for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the subject Property or any of the documents related thereto nor does it purport to be all-inclusive or to contain all of the information which prospective buyers may need or desire No representation is made by Landmark Property amp Development LLC or Target as to the accuracy or completeness of the information contained herein nor in subsequently provided
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTmaterials and nothing contained herein is or shall be relied on as a promise or representation as to the condition of or future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC as well as Target and its employees disclaim any responsibility for inaccuracies and expect prospective buyers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Target and its employees disclaim any and all liability for representations and warranties expressed andor implied contained in or for omission from the Offering Memorandum or any other written or oral communication transmitted or made available to the recipient The Offering Memorandum does not constitute a representation that there have been no changes of any nature involving the Property since the date of preparation of the Offering Memorandum Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective Buyer
Joren PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356596979jorenlandmarkpdcom
Hayden PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356598747haydenlandmarkpdcom
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
ALTA SURVEY
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLANFLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
SITE PLAN
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLANFLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
FLOOR PLAN
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLANFLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
DEMOGRAPHICS
DEMOGRAPHICS
The median age within 5 miles of the subject property is 325 years with a median household income of $66408 The estimated median housing value for 2019 was $321428 Demographics represent only full-time residents and actual home ownership
DEMOGRAPHICS (2019 ESTIMATE)
3 MILES 5 MILES 10 MILESPOPULATION 132142 409552 1050784MEDIAN HH INCOME $68672 $66408 $74119AVERAGE HH INCOME $83183 $82273 $94317MEDIAN AGE 329 325 328NUMBER OF HHrsquos 42915 134527 343332TOTAL DAYTIME 124950 402242 1093870TOTAL EMPLOYEES 59844 198487 565600
For a more detailed demographics report see the Files for Download section
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
SITE LOCATION MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
ABSOLUTE POPULATION GROWTH MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
2019 POPULATION INCOME MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
CITY OF WEST JORDAN UTAH
GEOGRAPHIC LOCATIONThe City of West Jordan (118855 POP) is the second largest city in the state of Utah and is located on the west side of I-15 in Salt Lake County (17M POP) The site is in close proximity to I-215 with 113132 ADT Traffic counts on the adjacent streets include 44731 ADT on Redwood Rd and 25317 ADT on 7000 South
POPULATIONYEAR CITY OF WEST JORDAN2019 118855
CITY SUMMARY (City of West Jordan Information)This area of West Jordan is characterized by national and local retail and a growing housing market The median household income in a 5-mile radius is $66408 with a population of 409552 in 134527 housing units (6287 of the units are owned 3713 of the units are rented and only 22 are vacant) Within a 3-mile radius the median household income is slightly higher at $68627 with a total population of 132142 and a total number of household units at 42915 The median home value in the area is $318266 which is lower than Salt Lake County at $461191 and slightly lower than the state median home value of $363583
There is one 220000 SF Super Walmart store in this submarket located 152 miles North on Redwood Rd The other regional shopping center in the trade area is the 728000 SF Crossroads at Taylorsville anchored by Target (opening Sept 2020) Regal Cinema (opened 2017) Ross TJ Maxx (opened 2018) JoAnn Fabrics and a Harmonrsquos Grocery (remodeled in 2017) West Jordan is located 936 miles south of Utahrsquos largest International Airport that is currently going through a $4 Billion expansion that will be completed in various phases with the final phase scheduled for completion in 2024
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
THE TOP REASONS WHY YOU SHOULD CHOOSE WEST JORDANbull Strong business advocacy and environment providing economic development relocation incentives on a state and local levelbull Extensive transportation system including multiple interstate highways bus rail and air transportationbull Great public educationalbull Extensive recreational opportunities in the surrounding areas such as skiing mountain biking hiking camping rock climbing
fishing and many othersbull Only 946 Miles from Downtown Salt Lakebull 15-minute drive time from the two largest indoor shopping malls in the state City Creek Mall and Fashion Place Mallbull Close proximity to a multitude of restaurants and services
EDUCATIONThe City of West Jordan is home to 107 schools between preschools to high schools with a total student population of 54511 The students in West Jordan perform slightly above the state averages with proficiency in English 2 above the state average Math 2 above the state average and Science 3 above the state average
ARTS RECREATION amp ENTERTAINMENTWest Jordan is a great place to live work and play It is centrally located in the Salt Lake City Metro area and 946 miles southwest of Downtown Salt Lake West Jordan is a 30-45 minute drive from 6 world class ski resorts (Deer Valley Park City Brighton Solitude Snowbird Alta) an hour East to the Uinta National Forest where there are a multitude of camping and hiking locations and 3-4 hours north of 5 National Parks (Arches Capitol Reef Zion Bryce Canyon Lands)
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
NEIGHBORHOOD DEMOGRAPHICSThe city of West Jordan has a population of 118855 people with a median age of 298 and a median household income of $78799 In 2010 the Census count in the area was 103611 Since 2010 the popluation has grown at a rate of 149 year over year The five-year projection for the population in the area is 126938 representing a change of 132 annually from 2019 to 2024 Currently the population is 504 male and 496 female
The population of West Jordan UT is 790 White 12 Black and 199 Hispanic The median property value in West Jordan UT is $318266 and the home ownership rate is 729
ECONOMIC SUMMARY
MAJOR EMPLOYERS BY RANK INDUSTRY EMPLOYEES1 Jordan School District Education 31452 Smiths Food 7303 Jordan Valley Medical Center Hospital 6904 Mountain America Credit Union Banking 6005 Union City of West Jordan City Offices 5536 Walmart Retail 5817 Sysco Intermountain Food Services 4388 SME Industries Steel 3759 National Benefit Services Benefit Administration 29810 Dannon Company Food 250
NOTEABLE BUSINESSES BUSINESS ACTIVITY IN THE WEST JORDAN AREAbull Boeing completed the expansion of its West Jordan facility in September 2015 Boeingrsquos expanded an 850000 SF building from a vacant warehouse to a composite fabrication production center with 100 employees where they manufacture the horizontal stabilizer for the 787-9 Dreamlinerbull Oracle has a global information technology facility in West Jordan bull West Jordan is the site for SME Steelrsquos headquarters
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
Landmark Property amp Development LLC has been retained as exclusive advisor and broker to Target Corporation (ldquoOwnerrdquo) regarding the sale of a 121956 square foot building being referred to as Target (T-768) in West Jordan Utah (ldquoPropertyrdquo)
This Confidential Offering Memorandum has been prepared by Landmark Property amp Development LLC for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the Property or any of the documents related thereto nor does it purport to be all-inclusive or to contain all of the information which prospective investors may need or desire All projections have been developed by Landmark Property amp Development LLC Owner and designated sources and are based upon assumptions relating to the general economy competition and other factors beyond the control of Landmark Property amp Development LLC and Owner and therefore are subject to variation No representation is made by Landmark Property amp Development LLC or Owner as to the accuracy or completeness of the information contained herein and nothing contained herein is or shall be relied on as a promise or representation as to the future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC Owner and their employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Owner and their employees disclaim any and all liability for representations and warranties expressed and implied contained in or for omissions from the Confidential Offering Memorandum or any other written or oral communication transmitted or made available to the recipient
LEGAL DISCLAIMER
LEGAL DISCLAIMERThe Confidential Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the Property or Owner since the date of preparation of the Confidential Offering Memorandum Analysis and verification of the information contained in the Confidential Offering Memorandum is solely the responsibility of the prospective purchaser Additional information and an opportunity to inspect the Property will be made available upon request to interested and qualified prospective investors
Owner expressly reserves the right at its sole discretion to reject any or all expressions of interest or offers regarding the Property andor terminate discussions with any entity at any time with or without notice Owner shall have no legal commitment or obligation to any entity reviewing the Confidential Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Owner a written agreement for the purchase of the Property has been fully executed delivered and approved by Owner and its legal counsel and any conditions to Ownerrsquos obligations there under have been satisfied or waived
This Confidential Offering Memorandum and the contents except such information which is a matter of public record or is provided in sources available to the public are of a confidential nature By accepting the Confidential Offering Memorandum you agree that you will not use the Confidential Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of Owner or Landmark Property amp Development LLC
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
Documents will open in a new window and may take a few minutes to download
If you are not prompted to Save or Open click refresh on your browserrsquos window
FILES FOR DOWNLOAD
FILES FOR DOWNLOAD
DOWNLOAD
You may also request a hard copy amp disc of plans from Joren Peterson at jorenlandmarkpdcom and Hayden Peterson at haydenlandmarkpdcom
BROKER REGISTRATIONCERTIFICATE
DOWNLOAD
DOWNLOAD PLAT
DOWNLOAD ALTA SURVEY
DOWNLOAD DECLARATION OF RESTRICTIONS AND EASEMENTS
DOWNLOAD
DOWNLOAD DEMOGRAPHIC REPORT
DOWNLOAD FLOOR PLANDOWNLOAD
DOWNLOAD ZONING
COMMON AREA MAINTENANCEAGREEMENT
1ST 2ND amp 3RD AMENDMENTS TO DECLARATION OF RESTRICTIONS AND EASEMENTS
DECLARATIONS OF EASEMENTS COVENANTS CONDITIONS AND RESTRICTIONS
DOWNLOAD SITE PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
CONTACTS
FOR MORE INFORMATION PLEASE CONTACTBROKER CONTACTS
JOREN PETERSON HAYDEN PETERSON
4356596979 4356598747jorenlandmarkpdcom haydenlandmarkpdcom
Landmark Property amp Landmark Property amp Development Development PO Box 980580 PO Box 980580Park City UT 84098 Park City UT 84098
CITY CONTACT NUMBERS
PLANNING AND ZONING OFFICE8015695060FIRE ADMINISTRATION8012607300POLICE DEPARTMENT (NON-EMERGENCY)8018404000BUILDING INSPECTION AND PERMITS8015695050
APPROVING PARTY TO THE DECLARATION OF RESTRICTIONS AND EASEMENTS
WRIWest Jordan LLC Albertsons IncWeingarten Realty Investors 250 Parkcenter Blvd2600 Citadel Plaza Drive PO Box 20Houston TX 77008 Boise ID 83726Attn President Attn Legal Dept Lou Brock Phone 3038013702
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
OFFERING TERMSThe asking price is $5500000
INITIAL DUE DILIGENCEPLEASE DO NOT DISTURB STORE EMPLOYEES OR CUSTOMERSThe opportunity to investigate and tour the Property will be made available upon request to interested and qualified buyers Buyers and their representatives MAY NOT tour the interior of the building on their own Once arranged in accordance with these guidelines property tours will be scheduled coordinated and conducted by representatives of Landmark Property amp Development LLC Each prospective Buyer is to rely solely upon its own investigation evaluation and judgment as to the conditions attributes and value of the property
INSPECTION PERIOD EXPIRATION DATE Recommend sixty (60) days or less due diligence period
CLOSE OF ESCROWRecommend thirty (30) days or less from expiration of due diligence
PERSONAL PROPERTY TRADE FIXTURES AND SYSTEMSOn or before the Closing Date Seller shall have the right (but not the obligation) to remove from the Property (i) any or all of Sellerrsquos inventory trade fixtures and other removable personal property (including but not limited to point of sale equipment) (ii) Sellerrsquos compactor bailer and generator and (iii) Sellerrsquos security energy management and phone systems
CONDITION OF SALEThe property is being offered in its ldquoas isrdquo condition Purchaser shall confirm by Purchaserrsquos own due diligence the condition and suitability of the property without any reliance upon information provided herein
PURCHASING GUIDELINES
PURCHASING GUIDELINESDOCUMENTATIONTarget will prepare the Option Agreement and related documents
TITLE REPORTTo be provided by Target upon execution of the Option Agreement
EXCLUSIVE BROKERLandmark Property amp Development LLC hereinafter referred to as ldquoSellerrsquos Brokerrdquo pursuant to a separate listing agreement with Target Corporation All brokers and prospective purchasers must sign and return the Broker Registration Certificate contained in the ldquoFiles for Downloadrdquo section herein
PROPERTY CONTACTSA list of informational contacts is included in the ldquoContactsrdquo section of this presentation
OFFER FORMATPlease note that all final LOIrsquos will be put on Target form It is highly recommended that all offers be made in the form of a Letter of Intent (LOI) and should include at a minimum the following information bull A full outline of the terms offeredbull Purchase price upon close of escrowbull Contingencies (detailed) and length of due diligence periodbull Source of Buyerrsquos financingbull Amount of initial deposit monies (not less than $100000) to
be deposited and held with a designated Title Company in an interest bearing account
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTbull Upon completion of the due diligence period an additional
non-refundable deposit of $100000 to be deposited and held by the designated Title Company in an interest bearing account In no event shall the due diligence period go beyond sixty (60) days
bull Close of escrow to be no sooner and no later than thirty (30) days after completion of due diligence unless extended by Target as described elsewhere herein
bull A detailed description of the proposed use of the site including the nature of the planned operator(s) In this regard Target intends to confirm anchor tenant(s) interest in this location
bull A Buyerrsquos corporate resume including a list of recent purchases of similar properties with at least five related references
bull A contact name and means of contact for Buyerrsquos firm (including e-mail address)
bull Identification of Buyerrsquos broker if any together with a statement that no other brokers are involved whom can rightfully claim to represent the Buyer Buyer understands that Target will rely on this information See the Broker Registration Certificate included herein which must be completed and submitted with each bid
REVIEW OF OFFER(S)
Right to RejectLandmark Property amp Development LLC and Target will review all offers Acceptability of offers will be based on purchase price Buyerrsquos financials Buyerrsquos business resume and reputation ability and willingness of the Buyer to close the sale length of time to close and other pertinent factors of concern to Target Landmark Property amp Development LLC and Target expressly reserve the right in their sole discretion to review andor reject any or all expressions of interest or offers to purchase the Property andor to terminate discussions with any person or entity at any time with or without notice Target shall have no legal commitment or obligations to any person or entity reviewing the Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Target an Option Agreement for the purchase of the Property has been fully executed delivered and approved by Target and its legal counsel and any conditions to Targetrsquos obligations thereunder have been satisfied or waived
Confidentiality Conditions and DisclaimerThis Offering Memorandum has been prepared by Landmark Property amp Development LLC for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the subject Property or any of the documents related thereto nor does it purport to be all-inclusive or to contain all of the information which prospective buyers may need or desire No representation is made by Landmark Property amp Development LLC or Target as to the accuracy or completeness of the information contained herein nor in subsequently provided
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTmaterials and nothing contained herein is or shall be relied on as a promise or representation as to the condition of or future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC as well as Target and its employees disclaim any responsibility for inaccuracies and expect prospective buyers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Target and its employees disclaim any and all liability for representations and warranties expressed andor implied contained in or for omission from the Offering Memorandum or any other written or oral communication transmitted or made available to the recipient The Offering Memorandum does not constitute a representation that there have been no changes of any nature involving the Property since the date of preparation of the Offering Memorandum Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective Buyer
Joren PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356596979jorenlandmarkpdcom
Hayden PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356598747haydenlandmarkpdcom
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
SITE PLAN
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLANFLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
FLOOR PLAN
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLANFLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
DEMOGRAPHICS
DEMOGRAPHICS
The median age within 5 miles of the subject property is 325 years with a median household income of $66408 The estimated median housing value for 2019 was $321428 Demographics represent only full-time residents and actual home ownership
DEMOGRAPHICS (2019 ESTIMATE)
3 MILES 5 MILES 10 MILESPOPULATION 132142 409552 1050784MEDIAN HH INCOME $68672 $66408 $74119AVERAGE HH INCOME $83183 $82273 $94317MEDIAN AGE 329 325 328NUMBER OF HHrsquos 42915 134527 343332TOTAL DAYTIME 124950 402242 1093870TOTAL EMPLOYEES 59844 198487 565600
For a more detailed demographics report see the Files for Download section
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
SITE LOCATION MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
ABSOLUTE POPULATION GROWTH MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
2019 POPULATION INCOME MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
CITY OF WEST JORDAN UTAH
GEOGRAPHIC LOCATIONThe City of West Jordan (118855 POP) is the second largest city in the state of Utah and is located on the west side of I-15 in Salt Lake County (17M POP) The site is in close proximity to I-215 with 113132 ADT Traffic counts on the adjacent streets include 44731 ADT on Redwood Rd and 25317 ADT on 7000 South
POPULATIONYEAR CITY OF WEST JORDAN2019 118855
CITY SUMMARY (City of West Jordan Information)This area of West Jordan is characterized by national and local retail and a growing housing market The median household income in a 5-mile radius is $66408 with a population of 409552 in 134527 housing units (6287 of the units are owned 3713 of the units are rented and only 22 are vacant) Within a 3-mile radius the median household income is slightly higher at $68627 with a total population of 132142 and a total number of household units at 42915 The median home value in the area is $318266 which is lower than Salt Lake County at $461191 and slightly lower than the state median home value of $363583
There is one 220000 SF Super Walmart store in this submarket located 152 miles North on Redwood Rd The other regional shopping center in the trade area is the 728000 SF Crossroads at Taylorsville anchored by Target (opening Sept 2020) Regal Cinema (opened 2017) Ross TJ Maxx (opened 2018) JoAnn Fabrics and a Harmonrsquos Grocery (remodeled in 2017) West Jordan is located 936 miles south of Utahrsquos largest International Airport that is currently going through a $4 Billion expansion that will be completed in various phases with the final phase scheduled for completion in 2024
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
THE TOP REASONS WHY YOU SHOULD CHOOSE WEST JORDANbull Strong business advocacy and environment providing economic development relocation incentives on a state and local levelbull Extensive transportation system including multiple interstate highways bus rail and air transportationbull Great public educationalbull Extensive recreational opportunities in the surrounding areas such as skiing mountain biking hiking camping rock climbing
fishing and many othersbull Only 946 Miles from Downtown Salt Lakebull 15-minute drive time from the two largest indoor shopping malls in the state City Creek Mall and Fashion Place Mallbull Close proximity to a multitude of restaurants and services
EDUCATIONThe City of West Jordan is home to 107 schools between preschools to high schools with a total student population of 54511 The students in West Jordan perform slightly above the state averages with proficiency in English 2 above the state average Math 2 above the state average and Science 3 above the state average
ARTS RECREATION amp ENTERTAINMENTWest Jordan is a great place to live work and play It is centrally located in the Salt Lake City Metro area and 946 miles southwest of Downtown Salt Lake West Jordan is a 30-45 minute drive from 6 world class ski resorts (Deer Valley Park City Brighton Solitude Snowbird Alta) an hour East to the Uinta National Forest where there are a multitude of camping and hiking locations and 3-4 hours north of 5 National Parks (Arches Capitol Reef Zion Bryce Canyon Lands)
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
NEIGHBORHOOD DEMOGRAPHICSThe city of West Jordan has a population of 118855 people with a median age of 298 and a median household income of $78799 In 2010 the Census count in the area was 103611 Since 2010 the popluation has grown at a rate of 149 year over year The five-year projection for the population in the area is 126938 representing a change of 132 annually from 2019 to 2024 Currently the population is 504 male and 496 female
The population of West Jordan UT is 790 White 12 Black and 199 Hispanic The median property value in West Jordan UT is $318266 and the home ownership rate is 729
ECONOMIC SUMMARY
MAJOR EMPLOYERS BY RANK INDUSTRY EMPLOYEES1 Jordan School District Education 31452 Smiths Food 7303 Jordan Valley Medical Center Hospital 6904 Mountain America Credit Union Banking 6005 Union City of West Jordan City Offices 5536 Walmart Retail 5817 Sysco Intermountain Food Services 4388 SME Industries Steel 3759 National Benefit Services Benefit Administration 29810 Dannon Company Food 250
NOTEABLE BUSINESSES BUSINESS ACTIVITY IN THE WEST JORDAN AREAbull Boeing completed the expansion of its West Jordan facility in September 2015 Boeingrsquos expanded an 850000 SF building from a vacant warehouse to a composite fabrication production center with 100 employees where they manufacture the horizontal stabilizer for the 787-9 Dreamlinerbull Oracle has a global information technology facility in West Jordan bull West Jordan is the site for SME Steelrsquos headquarters
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
Landmark Property amp Development LLC has been retained as exclusive advisor and broker to Target Corporation (ldquoOwnerrdquo) regarding the sale of a 121956 square foot building being referred to as Target (T-768) in West Jordan Utah (ldquoPropertyrdquo)
This Confidential Offering Memorandum has been prepared by Landmark Property amp Development LLC for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the Property or any of the documents related thereto nor does it purport to be all-inclusive or to contain all of the information which prospective investors may need or desire All projections have been developed by Landmark Property amp Development LLC Owner and designated sources and are based upon assumptions relating to the general economy competition and other factors beyond the control of Landmark Property amp Development LLC and Owner and therefore are subject to variation No representation is made by Landmark Property amp Development LLC or Owner as to the accuracy or completeness of the information contained herein and nothing contained herein is or shall be relied on as a promise or representation as to the future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC Owner and their employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Owner and their employees disclaim any and all liability for representations and warranties expressed and implied contained in or for omissions from the Confidential Offering Memorandum or any other written or oral communication transmitted or made available to the recipient
LEGAL DISCLAIMER
LEGAL DISCLAIMERThe Confidential Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the Property or Owner since the date of preparation of the Confidential Offering Memorandum Analysis and verification of the information contained in the Confidential Offering Memorandum is solely the responsibility of the prospective purchaser Additional information and an opportunity to inspect the Property will be made available upon request to interested and qualified prospective investors
Owner expressly reserves the right at its sole discretion to reject any or all expressions of interest or offers regarding the Property andor terminate discussions with any entity at any time with or without notice Owner shall have no legal commitment or obligation to any entity reviewing the Confidential Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Owner a written agreement for the purchase of the Property has been fully executed delivered and approved by Owner and its legal counsel and any conditions to Ownerrsquos obligations there under have been satisfied or waived
This Confidential Offering Memorandum and the contents except such information which is a matter of public record or is provided in sources available to the public are of a confidential nature By accepting the Confidential Offering Memorandum you agree that you will not use the Confidential Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of Owner or Landmark Property amp Development LLC
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
Documents will open in a new window and may take a few minutes to download
If you are not prompted to Save or Open click refresh on your browserrsquos window
FILES FOR DOWNLOAD
FILES FOR DOWNLOAD
DOWNLOAD
You may also request a hard copy amp disc of plans from Joren Peterson at jorenlandmarkpdcom and Hayden Peterson at haydenlandmarkpdcom
BROKER REGISTRATIONCERTIFICATE
DOWNLOAD
DOWNLOAD PLAT
DOWNLOAD ALTA SURVEY
DOWNLOAD DECLARATION OF RESTRICTIONS AND EASEMENTS
DOWNLOAD
DOWNLOAD DEMOGRAPHIC REPORT
DOWNLOAD FLOOR PLANDOWNLOAD
DOWNLOAD ZONING
COMMON AREA MAINTENANCEAGREEMENT
1ST 2ND amp 3RD AMENDMENTS TO DECLARATION OF RESTRICTIONS AND EASEMENTS
DECLARATIONS OF EASEMENTS COVENANTS CONDITIONS AND RESTRICTIONS
DOWNLOAD SITE PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
CONTACTS
FOR MORE INFORMATION PLEASE CONTACTBROKER CONTACTS
JOREN PETERSON HAYDEN PETERSON
4356596979 4356598747jorenlandmarkpdcom haydenlandmarkpdcom
Landmark Property amp Landmark Property amp Development Development PO Box 980580 PO Box 980580Park City UT 84098 Park City UT 84098
CITY CONTACT NUMBERS
PLANNING AND ZONING OFFICE8015695060FIRE ADMINISTRATION8012607300POLICE DEPARTMENT (NON-EMERGENCY)8018404000BUILDING INSPECTION AND PERMITS8015695050
APPROVING PARTY TO THE DECLARATION OF RESTRICTIONS AND EASEMENTS
WRIWest Jordan LLC Albertsons IncWeingarten Realty Investors 250 Parkcenter Blvd2600 Citadel Plaza Drive PO Box 20Houston TX 77008 Boise ID 83726Attn President Attn Legal Dept Lou Brock Phone 3038013702
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
OFFERING TERMSThe asking price is $5500000
INITIAL DUE DILIGENCEPLEASE DO NOT DISTURB STORE EMPLOYEES OR CUSTOMERSThe opportunity to investigate and tour the Property will be made available upon request to interested and qualified buyers Buyers and their representatives MAY NOT tour the interior of the building on their own Once arranged in accordance with these guidelines property tours will be scheduled coordinated and conducted by representatives of Landmark Property amp Development LLC Each prospective Buyer is to rely solely upon its own investigation evaluation and judgment as to the conditions attributes and value of the property
INSPECTION PERIOD EXPIRATION DATE Recommend sixty (60) days or less due diligence period
CLOSE OF ESCROWRecommend thirty (30) days or less from expiration of due diligence
PERSONAL PROPERTY TRADE FIXTURES AND SYSTEMSOn or before the Closing Date Seller shall have the right (but not the obligation) to remove from the Property (i) any or all of Sellerrsquos inventory trade fixtures and other removable personal property (including but not limited to point of sale equipment) (ii) Sellerrsquos compactor bailer and generator and (iii) Sellerrsquos security energy management and phone systems
CONDITION OF SALEThe property is being offered in its ldquoas isrdquo condition Purchaser shall confirm by Purchaserrsquos own due diligence the condition and suitability of the property without any reliance upon information provided herein
PURCHASING GUIDELINES
PURCHASING GUIDELINESDOCUMENTATIONTarget will prepare the Option Agreement and related documents
TITLE REPORTTo be provided by Target upon execution of the Option Agreement
EXCLUSIVE BROKERLandmark Property amp Development LLC hereinafter referred to as ldquoSellerrsquos Brokerrdquo pursuant to a separate listing agreement with Target Corporation All brokers and prospective purchasers must sign and return the Broker Registration Certificate contained in the ldquoFiles for Downloadrdquo section herein
PROPERTY CONTACTSA list of informational contacts is included in the ldquoContactsrdquo section of this presentation
OFFER FORMATPlease note that all final LOIrsquos will be put on Target form It is highly recommended that all offers be made in the form of a Letter of Intent (LOI) and should include at a minimum the following information bull A full outline of the terms offeredbull Purchase price upon close of escrowbull Contingencies (detailed) and length of due diligence periodbull Source of Buyerrsquos financingbull Amount of initial deposit monies (not less than $100000) to
be deposited and held with a designated Title Company in an interest bearing account
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTbull Upon completion of the due diligence period an additional
non-refundable deposit of $100000 to be deposited and held by the designated Title Company in an interest bearing account In no event shall the due diligence period go beyond sixty (60) days
bull Close of escrow to be no sooner and no later than thirty (30) days after completion of due diligence unless extended by Target as described elsewhere herein
bull A detailed description of the proposed use of the site including the nature of the planned operator(s) In this regard Target intends to confirm anchor tenant(s) interest in this location
bull A Buyerrsquos corporate resume including a list of recent purchases of similar properties with at least five related references
bull A contact name and means of contact for Buyerrsquos firm (including e-mail address)
bull Identification of Buyerrsquos broker if any together with a statement that no other brokers are involved whom can rightfully claim to represent the Buyer Buyer understands that Target will rely on this information See the Broker Registration Certificate included herein which must be completed and submitted with each bid
REVIEW OF OFFER(S)
Right to RejectLandmark Property amp Development LLC and Target will review all offers Acceptability of offers will be based on purchase price Buyerrsquos financials Buyerrsquos business resume and reputation ability and willingness of the Buyer to close the sale length of time to close and other pertinent factors of concern to Target Landmark Property amp Development LLC and Target expressly reserve the right in their sole discretion to review andor reject any or all expressions of interest or offers to purchase the Property andor to terminate discussions with any person or entity at any time with or without notice Target shall have no legal commitment or obligations to any person or entity reviewing the Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Target an Option Agreement for the purchase of the Property has been fully executed delivered and approved by Target and its legal counsel and any conditions to Targetrsquos obligations thereunder have been satisfied or waived
Confidentiality Conditions and DisclaimerThis Offering Memorandum has been prepared by Landmark Property amp Development LLC for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the subject Property or any of the documents related thereto nor does it purport to be all-inclusive or to contain all of the information which prospective buyers may need or desire No representation is made by Landmark Property amp Development LLC or Target as to the accuracy or completeness of the information contained herein nor in subsequently provided
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTmaterials and nothing contained herein is or shall be relied on as a promise or representation as to the condition of or future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC as well as Target and its employees disclaim any responsibility for inaccuracies and expect prospective buyers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Target and its employees disclaim any and all liability for representations and warranties expressed andor implied contained in or for omission from the Offering Memorandum or any other written or oral communication transmitted or made available to the recipient The Offering Memorandum does not constitute a representation that there have been no changes of any nature involving the Property since the date of preparation of the Offering Memorandum Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective Buyer
Joren PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356596979jorenlandmarkpdcom
Hayden PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356598747haydenlandmarkpdcom
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
FLOOR PLAN
PLANS amp PHOTOSBLDG PHOTOSALTA SURVEY
SITE PLANFLOOR PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
DEMOGRAPHICS
DEMOGRAPHICS
The median age within 5 miles of the subject property is 325 years with a median household income of $66408 The estimated median housing value for 2019 was $321428 Demographics represent only full-time residents and actual home ownership
DEMOGRAPHICS (2019 ESTIMATE)
3 MILES 5 MILES 10 MILESPOPULATION 132142 409552 1050784MEDIAN HH INCOME $68672 $66408 $74119AVERAGE HH INCOME $83183 $82273 $94317MEDIAN AGE 329 325 328NUMBER OF HHrsquos 42915 134527 343332TOTAL DAYTIME 124950 402242 1093870TOTAL EMPLOYEES 59844 198487 565600
For a more detailed demographics report see the Files for Download section
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
SITE LOCATION MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
ABSOLUTE POPULATION GROWTH MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
2019 POPULATION INCOME MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
CITY OF WEST JORDAN UTAH
GEOGRAPHIC LOCATIONThe City of West Jordan (118855 POP) is the second largest city in the state of Utah and is located on the west side of I-15 in Salt Lake County (17M POP) The site is in close proximity to I-215 with 113132 ADT Traffic counts on the adjacent streets include 44731 ADT on Redwood Rd and 25317 ADT on 7000 South
POPULATIONYEAR CITY OF WEST JORDAN2019 118855
CITY SUMMARY (City of West Jordan Information)This area of West Jordan is characterized by national and local retail and a growing housing market The median household income in a 5-mile radius is $66408 with a population of 409552 in 134527 housing units (6287 of the units are owned 3713 of the units are rented and only 22 are vacant) Within a 3-mile radius the median household income is slightly higher at $68627 with a total population of 132142 and a total number of household units at 42915 The median home value in the area is $318266 which is lower than Salt Lake County at $461191 and slightly lower than the state median home value of $363583
There is one 220000 SF Super Walmart store in this submarket located 152 miles North on Redwood Rd The other regional shopping center in the trade area is the 728000 SF Crossroads at Taylorsville anchored by Target (opening Sept 2020) Regal Cinema (opened 2017) Ross TJ Maxx (opened 2018) JoAnn Fabrics and a Harmonrsquos Grocery (remodeled in 2017) West Jordan is located 936 miles south of Utahrsquos largest International Airport that is currently going through a $4 Billion expansion that will be completed in various phases with the final phase scheduled for completion in 2024
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
THE TOP REASONS WHY YOU SHOULD CHOOSE WEST JORDANbull Strong business advocacy and environment providing economic development relocation incentives on a state and local levelbull Extensive transportation system including multiple interstate highways bus rail and air transportationbull Great public educationalbull Extensive recreational opportunities in the surrounding areas such as skiing mountain biking hiking camping rock climbing
fishing and many othersbull Only 946 Miles from Downtown Salt Lakebull 15-minute drive time from the two largest indoor shopping malls in the state City Creek Mall and Fashion Place Mallbull Close proximity to a multitude of restaurants and services
EDUCATIONThe City of West Jordan is home to 107 schools between preschools to high schools with a total student population of 54511 The students in West Jordan perform slightly above the state averages with proficiency in English 2 above the state average Math 2 above the state average and Science 3 above the state average
ARTS RECREATION amp ENTERTAINMENTWest Jordan is a great place to live work and play It is centrally located in the Salt Lake City Metro area and 946 miles southwest of Downtown Salt Lake West Jordan is a 30-45 minute drive from 6 world class ski resorts (Deer Valley Park City Brighton Solitude Snowbird Alta) an hour East to the Uinta National Forest where there are a multitude of camping and hiking locations and 3-4 hours north of 5 National Parks (Arches Capitol Reef Zion Bryce Canyon Lands)
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
NEIGHBORHOOD DEMOGRAPHICSThe city of West Jordan has a population of 118855 people with a median age of 298 and a median household income of $78799 In 2010 the Census count in the area was 103611 Since 2010 the popluation has grown at a rate of 149 year over year The five-year projection for the population in the area is 126938 representing a change of 132 annually from 2019 to 2024 Currently the population is 504 male and 496 female
The population of West Jordan UT is 790 White 12 Black and 199 Hispanic The median property value in West Jordan UT is $318266 and the home ownership rate is 729
ECONOMIC SUMMARY
MAJOR EMPLOYERS BY RANK INDUSTRY EMPLOYEES1 Jordan School District Education 31452 Smiths Food 7303 Jordan Valley Medical Center Hospital 6904 Mountain America Credit Union Banking 6005 Union City of West Jordan City Offices 5536 Walmart Retail 5817 Sysco Intermountain Food Services 4388 SME Industries Steel 3759 National Benefit Services Benefit Administration 29810 Dannon Company Food 250
NOTEABLE BUSINESSES BUSINESS ACTIVITY IN THE WEST JORDAN AREAbull Boeing completed the expansion of its West Jordan facility in September 2015 Boeingrsquos expanded an 850000 SF building from a vacant warehouse to a composite fabrication production center with 100 employees where they manufacture the horizontal stabilizer for the 787-9 Dreamlinerbull Oracle has a global information technology facility in West Jordan bull West Jordan is the site for SME Steelrsquos headquarters
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
Landmark Property amp Development LLC has been retained as exclusive advisor and broker to Target Corporation (ldquoOwnerrdquo) regarding the sale of a 121956 square foot building being referred to as Target (T-768) in West Jordan Utah (ldquoPropertyrdquo)
This Confidential Offering Memorandum has been prepared by Landmark Property amp Development LLC for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the Property or any of the documents related thereto nor does it purport to be all-inclusive or to contain all of the information which prospective investors may need or desire All projections have been developed by Landmark Property amp Development LLC Owner and designated sources and are based upon assumptions relating to the general economy competition and other factors beyond the control of Landmark Property amp Development LLC and Owner and therefore are subject to variation No representation is made by Landmark Property amp Development LLC or Owner as to the accuracy or completeness of the information contained herein and nothing contained herein is or shall be relied on as a promise or representation as to the future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC Owner and their employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Owner and their employees disclaim any and all liability for representations and warranties expressed and implied contained in or for omissions from the Confidential Offering Memorandum or any other written or oral communication transmitted or made available to the recipient
LEGAL DISCLAIMER
LEGAL DISCLAIMERThe Confidential Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the Property or Owner since the date of preparation of the Confidential Offering Memorandum Analysis and verification of the information contained in the Confidential Offering Memorandum is solely the responsibility of the prospective purchaser Additional information and an opportunity to inspect the Property will be made available upon request to interested and qualified prospective investors
Owner expressly reserves the right at its sole discretion to reject any or all expressions of interest or offers regarding the Property andor terminate discussions with any entity at any time with or without notice Owner shall have no legal commitment or obligation to any entity reviewing the Confidential Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Owner a written agreement for the purchase of the Property has been fully executed delivered and approved by Owner and its legal counsel and any conditions to Ownerrsquos obligations there under have been satisfied or waived
This Confidential Offering Memorandum and the contents except such information which is a matter of public record or is provided in sources available to the public are of a confidential nature By accepting the Confidential Offering Memorandum you agree that you will not use the Confidential Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of Owner or Landmark Property amp Development LLC
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
Documents will open in a new window and may take a few minutes to download
If you are not prompted to Save or Open click refresh on your browserrsquos window
FILES FOR DOWNLOAD
FILES FOR DOWNLOAD
DOWNLOAD
You may also request a hard copy amp disc of plans from Joren Peterson at jorenlandmarkpdcom and Hayden Peterson at haydenlandmarkpdcom
BROKER REGISTRATIONCERTIFICATE
DOWNLOAD
DOWNLOAD PLAT
DOWNLOAD ALTA SURVEY
DOWNLOAD DECLARATION OF RESTRICTIONS AND EASEMENTS
DOWNLOAD
DOWNLOAD DEMOGRAPHIC REPORT
DOWNLOAD FLOOR PLANDOWNLOAD
DOWNLOAD ZONING
COMMON AREA MAINTENANCEAGREEMENT
1ST 2ND amp 3RD AMENDMENTS TO DECLARATION OF RESTRICTIONS AND EASEMENTS
DECLARATIONS OF EASEMENTS COVENANTS CONDITIONS AND RESTRICTIONS
DOWNLOAD SITE PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
CONTACTS
FOR MORE INFORMATION PLEASE CONTACTBROKER CONTACTS
JOREN PETERSON HAYDEN PETERSON
4356596979 4356598747jorenlandmarkpdcom haydenlandmarkpdcom
Landmark Property amp Landmark Property amp Development Development PO Box 980580 PO Box 980580Park City UT 84098 Park City UT 84098
CITY CONTACT NUMBERS
PLANNING AND ZONING OFFICE8015695060FIRE ADMINISTRATION8012607300POLICE DEPARTMENT (NON-EMERGENCY)8018404000BUILDING INSPECTION AND PERMITS8015695050
APPROVING PARTY TO THE DECLARATION OF RESTRICTIONS AND EASEMENTS
WRIWest Jordan LLC Albertsons IncWeingarten Realty Investors 250 Parkcenter Blvd2600 Citadel Plaza Drive PO Box 20Houston TX 77008 Boise ID 83726Attn President Attn Legal Dept Lou Brock Phone 3038013702
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
OFFERING TERMSThe asking price is $5500000
INITIAL DUE DILIGENCEPLEASE DO NOT DISTURB STORE EMPLOYEES OR CUSTOMERSThe opportunity to investigate and tour the Property will be made available upon request to interested and qualified buyers Buyers and their representatives MAY NOT tour the interior of the building on their own Once arranged in accordance with these guidelines property tours will be scheduled coordinated and conducted by representatives of Landmark Property amp Development LLC Each prospective Buyer is to rely solely upon its own investigation evaluation and judgment as to the conditions attributes and value of the property
INSPECTION PERIOD EXPIRATION DATE Recommend sixty (60) days or less due diligence period
CLOSE OF ESCROWRecommend thirty (30) days or less from expiration of due diligence
PERSONAL PROPERTY TRADE FIXTURES AND SYSTEMSOn or before the Closing Date Seller shall have the right (but not the obligation) to remove from the Property (i) any or all of Sellerrsquos inventory trade fixtures and other removable personal property (including but not limited to point of sale equipment) (ii) Sellerrsquos compactor bailer and generator and (iii) Sellerrsquos security energy management and phone systems
CONDITION OF SALEThe property is being offered in its ldquoas isrdquo condition Purchaser shall confirm by Purchaserrsquos own due diligence the condition and suitability of the property without any reliance upon information provided herein
PURCHASING GUIDELINES
PURCHASING GUIDELINESDOCUMENTATIONTarget will prepare the Option Agreement and related documents
TITLE REPORTTo be provided by Target upon execution of the Option Agreement
EXCLUSIVE BROKERLandmark Property amp Development LLC hereinafter referred to as ldquoSellerrsquos Brokerrdquo pursuant to a separate listing agreement with Target Corporation All brokers and prospective purchasers must sign and return the Broker Registration Certificate contained in the ldquoFiles for Downloadrdquo section herein
PROPERTY CONTACTSA list of informational contacts is included in the ldquoContactsrdquo section of this presentation
OFFER FORMATPlease note that all final LOIrsquos will be put on Target form It is highly recommended that all offers be made in the form of a Letter of Intent (LOI) and should include at a minimum the following information bull A full outline of the terms offeredbull Purchase price upon close of escrowbull Contingencies (detailed) and length of due diligence periodbull Source of Buyerrsquos financingbull Amount of initial deposit monies (not less than $100000) to
be deposited and held with a designated Title Company in an interest bearing account
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTbull Upon completion of the due diligence period an additional
non-refundable deposit of $100000 to be deposited and held by the designated Title Company in an interest bearing account In no event shall the due diligence period go beyond sixty (60) days
bull Close of escrow to be no sooner and no later than thirty (30) days after completion of due diligence unless extended by Target as described elsewhere herein
bull A detailed description of the proposed use of the site including the nature of the planned operator(s) In this regard Target intends to confirm anchor tenant(s) interest in this location
bull A Buyerrsquos corporate resume including a list of recent purchases of similar properties with at least five related references
bull A contact name and means of contact for Buyerrsquos firm (including e-mail address)
bull Identification of Buyerrsquos broker if any together with a statement that no other brokers are involved whom can rightfully claim to represent the Buyer Buyer understands that Target will rely on this information See the Broker Registration Certificate included herein which must be completed and submitted with each bid
REVIEW OF OFFER(S)
Right to RejectLandmark Property amp Development LLC and Target will review all offers Acceptability of offers will be based on purchase price Buyerrsquos financials Buyerrsquos business resume and reputation ability and willingness of the Buyer to close the sale length of time to close and other pertinent factors of concern to Target Landmark Property amp Development LLC and Target expressly reserve the right in their sole discretion to review andor reject any or all expressions of interest or offers to purchase the Property andor to terminate discussions with any person or entity at any time with or without notice Target shall have no legal commitment or obligations to any person or entity reviewing the Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Target an Option Agreement for the purchase of the Property has been fully executed delivered and approved by Target and its legal counsel and any conditions to Targetrsquos obligations thereunder have been satisfied or waived
Confidentiality Conditions and DisclaimerThis Offering Memorandum has been prepared by Landmark Property amp Development LLC for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the subject Property or any of the documents related thereto nor does it purport to be all-inclusive or to contain all of the information which prospective buyers may need or desire No representation is made by Landmark Property amp Development LLC or Target as to the accuracy or completeness of the information contained herein nor in subsequently provided
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTmaterials and nothing contained herein is or shall be relied on as a promise or representation as to the condition of or future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC as well as Target and its employees disclaim any responsibility for inaccuracies and expect prospective buyers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Target and its employees disclaim any and all liability for representations and warranties expressed andor implied contained in or for omission from the Offering Memorandum or any other written or oral communication transmitted or made available to the recipient The Offering Memorandum does not constitute a representation that there have been no changes of any nature involving the Property since the date of preparation of the Offering Memorandum Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective Buyer
Joren PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356596979jorenlandmarkpdcom
Hayden PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356598747haydenlandmarkpdcom
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
DEMOGRAPHICS
DEMOGRAPHICS
The median age within 5 miles of the subject property is 325 years with a median household income of $66408 The estimated median housing value for 2019 was $321428 Demographics represent only full-time residents and actual home ownership
DEMOGRAPHICS (2019 ESTIMATE)
3 MILES 5 MILES 10 MILESPOPULATION 132142 409552 1050784MEDIAN HH INCOME $68672 $66408 $74119AVERAGE HH INCOME $83183 $82273 $94317MEDIAN AGE 329 325 328NUMBER OF HHrsquos 42915 134527 343332TOTAL DAYTIME 124950 402242 1093870TOTAL EMPLOYEES 59844 198487 565600
For a more detailed demographics report see the Files for Download section
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
SITE LOCATION MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
ABSOLUTE POPULATION GROWTH MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
2019 POPULATION INCOME MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
CITY OF WEST JORDAN UTAH
GEOGRAPHIC LOCATIONThe City of West Jordan (118855 POP) is the second largest city in the state of Utah and is located on the west side of I-15 in Salt Lake County (17M POP) The site is in close proximity to I-215 with 113132 ADT Traffic counts on the adjacent streets include 44731 ADT on Redwood Rd and 25317 ADT on 7000 South
POPULATIONYEAR CITY OF WEST JORDAN2019 118855
CITY SUMMARY (City of West Jordan Information)This area of West Jordan is characterized by national and local retail and a growing housing market The median household income in a 5-mile radius is $66408 with a population of 409552 in 134527 housing units (6287 of the units are owned 3713 of the units are rented and only 22 are vacant) Within a 3-mile radius the median household income is slightly higher at $68627 with a total population of 132142 and a total number of household units at 42915 The median home value in the area is $318266 which is lower than Salt Lake County at $461191 and slightly lower than the state median home value of $363583
There is one 220000 SF Super Walmart store in this submarket located 152 miles North on Redwood Rd The other regional shopping center in the trade area is the 728000 SF Crossroads at Taylorsville anchored by Target (opening Sept 2020) Regal Cinema (opened 2017) Ross TJ Maxx (opened 2018) JoAnn Fabrics and a Harmonrsquos Grocery (remodeled in 2017) West Jordan is located 936 miles south of Utahrsquos largest International Airport that is currently going through a $4 Billion expansion that will be completed in various phases with the final phase scheduled for completion in 2024
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
THE TOP REASONS WHY YOU SHOULD CHOOSE WEST JORDANbull Strong business advocacy and environment providing economic development relocation incentives on a state and local levelbull Extensive transportation system including multiple interstate highways bus rail and air transportationbull Great public educationalbull Extensive recreational opportunities in the surrounding areas such as skiing mountain biking hiking camping rock climbing
fishing and many othersbull Only 946 Miles from Downtown Salt Lakebull 15-minute drive time from the two largest indoor shopping malls in the state City Creek Mall and Fashion Place Mallbull Close proximity to a multitude of restaurants and services
EDUCATIONThe City of West Jordan is home to 107 schools between preschools to high schools with a total student population of 54511 The students in West Jordan perform slightly above the state averages with proficiency in English 2 above the state average Math 2 above the state average and Science 3 above the state average
ARTS RECREATION amp ENTERTAINMENTWest Jordan is a great place to live work and play It is centrally located in the Salt Lake City Metro area and 946 miles southwest of Downtown Salt Lake West Jordan is a 30-45 minute drive from 6 world class ski resorts (Deer Valley Park City Brighton Solitude Snowbird Alta) an hour East to the Uinta National Forest where there are a multitude of camping and hiking locations and 3-4 hours north of 5 National Parks (Arches Capitol Reef Zion Bryce Canyon Lands)
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
NEIGHBORHOOD DEMOGRAPHICSThe city of West Jordan has a population of 118855 people with a median age of 298 and a median household income of $78799 In 2010 the Census count in the area was 103611 Since 2010 the popluation has grown at a rate of 149 year over year The five-year projection for the population in the area is 126938 representing a change of 132 annually from 2019 to 2024 Currently the population is 504 male and 496 female
The population of West Jordan UT is 790 White 12 Black and 199 Hispanic The median property value in West Jordan UT is $318266 and the home ownership rate is 729
ECONOMIC SUMMARY
MAJOR EMPLOYERS BY RANK INDUSTRY EMPLOYEES1 Jordan School District Education 31452 Smiths Food 7303 Jordan Valley Medical Center Hospital 6904 Mountain America Credit Union Banking 6005 Union City of West Jordan City Offices 5536 Walmart Retail 5817 Sysco Intermountain Food Services 4388 SME Industries Steel 3759 National Benefit Services Benefit Administration 29810 Dannon Company Food 250
NOTEABLE BUSINESSES BUSINESS ACTIVITY IN THE WEST JORDAN AREAbull Boeing completed the expansion of its West Jordan facility in September 2015 Boeingrsquos expanded an 850000 SF building from a vacant warehouse to a composite fabrication production center with 100 employees where they manufacture the horizontal stabilizer for the 787-9 Dreamlinerbull Oracle has a global information technology facility in West Jordan bull West Jordan is the site for SME Steelrsquos headquarters
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
Landmark Property amp Development LLC has been retained as exclusive advisor and broker to Target Corporation (ldquoOwnerrdquo) regarding the sale of a 121956 square foot building being referred to as Target (T-768) in West Jordan Utah (ldquoPropertyrdquo)
This Confidential Offering Memorandum has been prepared by Landmark Property amp Development LLC for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the Property or any of the documents related thereto nor does it purport to be all-inclusive or to contain all of the information which prospective investors may need or desire All projections have been developed by Landmark Property amp Development LLC Owner and designated sources and are based upon assumptions relating to the general economy competition and other factors beyond the control of Landmark Property amp Development LLC and Owner and therefore are subject to variation No representation is made by Landmark Property amp Development LLC or Owner as to the accuracy or completeness of the information contained herein and nothing contained herein is or shall be relied on as a promise or representation as to the future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC Owner and their employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Owner and their employees disclaim any and all liability for representations and warranties expressed and implied contained in or for omissions from the Confidential Offering Memorandum or any other written or oral communication transmitted or made available to the recipient
LEGAL DISCLAIMER
LEGAL DISCLAIMERThe Confidential Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the Property or Owner since the date of preparation of the Confidential Offering Memorandum Analysis and verification of the information contained in the Confidential Offering Memorandum is solely the responsibility of the prospective purchaser Additional information and an opportunity to inspect the Property will be made available upon request to interested and qualified prospective investors
Owner expressly reserves the right at its sole discretion to reject any or all expressions of interest or offers regarding the Property andor terminate discussions with any entity at any time with or without notice Owner shall have no legal commitment or obligation to any entity reviewing the Confidential Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Owner a written agreement for the purchase of the Property has been fully executed delivered and approved by Owner and its legal counsel and any conditions to Ownerrsquos obligations there under have been satisfied or waived
This Confidential Offering Memorandum and the contents except such information which is a matter of public record or is provided in sources available to the public are of a confidential nature By accepting the Confidential Offering Memorandum you agree that you will not use the Confidential Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of Owner or Landmark Property amp Development LLC
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
Documents will open in a new window and may take a few minutes to download
If you are not prompted to Save or Open click refresh on your browserrsquos window
FILES FOR DOWNLOAD
FILES FOR DOWNLOAD
DOWNLOAD
You may also request a hard copy amp disc of plans from Joren Peterson at jorenlandmarkpdcom and Hayden Peterson at haydenlandmarkpdcom
BROKER REGISTRATIONCERTIFICATE
DOWNLOAD
DOWNLOAD PLAT
DOWNLOAD ALTA SURVEY
DOWNLOAD DECLARATION OF RESTRICTIONS AND EASEMENTS
DOWNLOAD
DOWNLOAD DEMOGRAPHIC REPORT
DOWNLOAD FLOOR PLANDOWNLOAD
DOWNLOAD ZONING
COMMON AREA MAINTENANCEAGREEMENT
1ST 2ND amp 3RD AMENDMENTS TO DECLARATION OF RESTRICTIONS AND EASEMENTS
DECLARATIONS OF EASEMENTS COVENANTS CONDITIONS AND RESTRICTIONS
DOWNLOAD SITE PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
CONTACTS
FOR MORE INFORMATION PLEASE CONTACTBROKER CONTACTS
JOREN PETERSON HAYDEN PETERSON
4356596979 4356598747jorenlandmarkpdcom haydenlandmarkpdcom
Landmark Property amp Landmark Property amp Development Development PO Box 980580 PO Box 980580Park City UT 84098 Park City UT 84098
CITY CONTACT NUMBERS
PLANNING AND ZONING OFFICE8015695060FIRE ADMINISTRATION8012607300POLICE DEPARTMENT (NON-EMERGENCY)8018404000BUILDING INSPECTION AND PERMITS8015695050
APPROVING PARTY TO THE DECLARATION OF RESTRICTIONS AND EASEMENTS
WRIWest Jordan LLC Albertsons IncWeingarten Realty Investors 250 Parkcenter Blvd2600 Citadel Plaza Drive PO Box 20Houston TX 77008 Boise ID 83726Attn President Attn Legal Dept Lou Brock Phone 3038013702
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
OFFERING TERMSThe asking price is $5500000
INITIAL DUE DILIGENCEPLEASE DO NOT DISTURB STORE EMPLOYEES OR CUSTOMERSThe opportunity to investigate and tour the Property will be made available upon request to interested and qualified buyers Buyers and their representatives MAY NOT tour the interior of the building on their own Once arranged in accordance with these guidelines property tours will be scheduled coordinated and conducted by representatives of Landmark Property amp Development LLC Each prospective Buyer is to rely solely upon its own investigation evaluation and judgment as to the conditions attributes and value of the property
INSPECTION PERIOD EXPIRATION DATE Recommend sixty (60) days or less due diligence period
CLOSE OF ESCROWRecommend thirty (30) days or less from expiration of due diligence
PERSONAL PROPERTY TRADE FIXTURES AND SYSTEMSOn or before the Closing Date Seller shall have the right (but not the obligation) to remove from the Property (i) any or all of Sellerrsquos inventory trade fixtures and other removable personal property (including but not limited to point of sale equipment) (ii) Sellerrsquos compactor bailer and generator and (iii) Sellerrsquos security energy management and phone systems
CONDITION OF SALEThe property is being offered in its ldquoas isrdquo condition Purchaser shall confirm by Purchaserrsquos own due diligence the condition and suitability of the property without any reliance upon information provided herein
PURCHASING GUIDELINES
PURCHASING GUIDELINESDOCUMENTATIONTarget will prepare the Option Agreement and related documents
TITLE REPORTTo be provided by Target upon execution of the Option Agreement
EXCLUSIVE BROKERLandmark Property amp Development LLC hereinafter referred to as ldquoSellerrsquos Brokerrdquo pursuant to a separate listing agreement with Target Corporation All brokers and prospective purchasers must sign and return the Broker Registration Certificate contained in the ldquoFiles for Downloadrdquo section herein
PROPERTY CONTACTSA list of informational contacts is included in the ldquoContactsrdquo section of this presentation
OFFER FORMATPlease note that all final LOIrsquos will be put on Target form It is highly recommended that all offers be made in the form of a Letter of Intent (LOI) and should include at a minimum the following information bull A full outline of the terms offeredbull Purchase price upon close of escrowbull Contingencies (detailed) and length of due diligence periodbull Source of Buyerrsquos financingbull Amount of initial deposit monies (not less than $100000) to
be deposited and held with a designated Title Company in an interest bearing account
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTbull Upon completion of the due diligence period an additional
non-refundable deposit of $100000 to be deposited and held by the designated Title Company in an interest bearing account In no event shall the due diligence period go beyond sixty (60) days
bull Close of escrow to be no sooner and no later than thirty (30) days after completion of due diligence unless extended by Target as described elsewhere herein
bull A detailed description of the proposed use of the site including the nature of the planned operator(s) In this regard Target intends to confirm anchor tenant(s) interest in this location
bull A Buyerrsquos corporate resume including a list of recent purchases of similar properties with at least five related references
bull A contact name and means of contact for Buyerrsquos firm (including e-mail address)
bull Identification of Buyerrsquos broker if any together with a statement that no other brokers are involved whom can rightfully claim to represent the Buyer Buyer understands that Target will rely on this information See the Broker Registration Certificate included herein which must be completed and submitted with each bid
REVIEW OF OFFER(S)
Right to RejectLandmark Property amp Development LLC and Target will review all offers Acceptability of offers will be based on purchase price Buyerrsquos financials Buyerrsquos business resume and reputation ability and willingness of the Buyer to close the sale length of time to close and other pertinent factors of concern to Target Landmark Property amp Development LLC and Target expressly reserve the right in their sole discretion to review andor reject any or all expressions of interest or offers to purchase the Property andor to terminate discussions with any person or entity at any time with or without notice Target shall have no legal commitment or obligations to any person or entity reviewing the Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Target an Option Agreement for the purchase of the Property has been fully executed delivered and approved by Target and its legal counsel and any conditions to Targetrsquos obligations thereunder have been satisfied or waived
Confidentiality Conditions and DisclaimerThis Offering Memorandum has been prepared by Landmark Property amp Development LLC for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the subject Property or any of the documents related thereto nor does it purport to be all-inclusive or to contain all of the information which prospective buyers may need or desire No representation is made by Landmark Property amp Development LLC or Target as to the accuracy or completeness of the information contained herein nor in subsequently provided
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTmaterials and nothing contained herein is or shall be relied on as a promise or representation as to the condition of or future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC as well as Target and its employees disclaim any responsibility for inaccuracies and expect prospective buyers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Target and its employees disclaim any and all liability for representations and warranties expressed andor implied contained in or for omission from the Offering Memorandum or any other written or oral communication transmitted or made available to the recipient The Offering Memorandum does not constitute a representation that there have been no changes of any nature involving the Property since the date of preparation of the Offering Memorandum Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective Buyer
Joren PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356596979jorenlandmarkpdcom
Hayden PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356598747haydenlandmarkpdcom
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
SITE LOCATION MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
ABSOLUTE POPULATION GROWTH MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
2019 POPULATION INCOME MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
CITY OF WEST JORDAN UTAH
GEOGRAPHIC LOCATIONThe City of West Jordan (118855 POP) is the second largest city in the state of Utah and is located on the west side of I-15 in Salt Lake County (17M POP) The site is in close proximity to I-215 with 113132 ADT Traffic counts on the adjacent streets include 44731 ADT on Redwood Rd and 25317 ADT on 7000 South
POPULATIONYEAR CITY OF WEST JORDAN2019 118855
CITY SUMMARY (City of West Jordan Information)This area of West Jordan is characterized by national and local retail and a growing housing market The median household income in a 5-mile radius is $66408 with a population of 409552 in 134527 housing units (6287 of the units are owned 3713 of the units are rented and only 22 are vacant) Within a 3-mile radius the median household income is slightly higher at $68627 with a total population of 132142 and a total number of household units at 42915 The median home value in the area is $318266 which is lower than Salt Lake County at $461191 and slightly lower than the state median home value of $363583
There is one 220000 SF Super Walmart store in this submarket located 152 miles North on Redwood Rd The other regional shopping center in the trade area is the 728000 SF Crossroads at Taylorsville anchored by Target (opening Sept 2020) Regal Cinema (opened 2017) Ross TJ Maxx (opened 2018) JoAnn Fabrics and a Harmonrsquos Grocery (remodeled in 2017) West Jordan is located 936 miles south of Utahrsquos largest International Airport that is currently going through a $4 Billion expansion that will be completed in various phases with the final phase scheduled for completion in 2024
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
THE TOP REASONS WHY YOU SHOULD CHOOSE WEST JORDANbull Strong business advocacy and environment providing economic development relocation incentives on a state and local levelbull Extensive transportation system including multiple interstate highways bus rail and air transportationbull Great public educationalbull Extensive recreational opportunities in the surrounding areas such as skiing mountain biking hiking camping rock climbing
fishing and many othersbull Only 946 Miles from Downtown Salt Lakebull 15-minute drive time from the two largest indoor shopping malls in the state City Creek Mall and Fashion Place Mallbull Close proximity to a multitude of restaurants and services
EDUCATIONThe City of West Jordan is home to 107 schools between preschools to high schools with a total student population of 54511 The students in West Jordan perform slightly above the state averages with proficiency in English 2 above the state average Math 2 above the state average and Science 3 above the state average
ARTS RECREATION amp ENTERTAINMENTWest Jordan is a great place to live work and play It is centrally located in the Salt Lake City Metro area and 946 miles southwest of Downtown Salt Lake West Jordan is a 30-45 minute drive from 6 world class ski resorts (Deer Valley Park City Brighton Solitude Snowbird Alta) an hour East to the Uinta National Forest where there are a multitude of camping and hiking locations and 3-4 hours north of 5 National Parks (Arches Capitol Reef Zion Bryce Canyon Lands)
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
NEIGHBORHOOD DEMOGRAPHICSThe city of West Jordan has a population of 118855 people with a median age of 298 and a median household income of $78799 In 2010 the Census count in the area was 103611 Since 2010 the popluation has grown at a rate of 149 year over year The five-year projection for the population in the area is 126938 representing a change of 132 annually from 2019 to 2024 Currently the population is 504 male and 496 female
The population of West Jordan UT is 790 White 12 Black and 199 Hispanic The median property value in West Jordan UT is $318266 and the home ownership rate is 729
ECONOMIC SUMMARY
MAJOR EMPLOYERS BY RANK INDUSTRY EMPLOYEES1 Jordan School District Education 31452 Smiths Food 7303 Jordan Valley Medical Center Hospital 6904 Mountain America Credit Union Banking 6005 Union City of West Jordan City Offices 5536 Walmart Retail 5817 Sysco Intermountain Food Services 4388 SME Industries Steel 3759 National Benefit Services Benefit Administration 29810 Dannon Company Food 250
NOTEABLE BUSINESSES BUSINESS ACTIVITY IN THE WEST JORDAN AREAbull Boeing completed the expansion of its West Jordan facility in September 2015 Boeingrsquos expanded an 850000 SF building from a vacant warehouse to a composite fabrication production center with 100 employees where they manufacture the horizontal stabilizer for the 787-9 Dreamlinerbull Oracle has a global information technology facility in West Jordan bull West Jordan is the site for SME Steelrsquos headquarters
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
Landmark Property amp Development LLC has been retained as exclusive advisor and broker to Target Corporation (ldquoOwnerrdquo) regarding the sale of a 121956 square foot building being referred to as Target (T-768) in West Jordan Utah (ldquoPropertyrdquo)
This Confidential Offering Memorandum has been prepared by Landmark Property amp Development LLC for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the Property or any of the documents related thereto nor does it purport to be all-inclusive or to contain all of the information which prospective investors may need or desire All projections have been developed by Landmark Property amp Development LLC Owner and designated sources and are based upon assumptions relating to the general economy competition and other factors beyond the control of Landmark Property amp Development LLC and Owner and therefore are subject to variation No representation is made by Landmark Property amp Development LLC or Owner as to the accuracy or completeness of the information contained herein and nothing contained herein is or shall be relied on as a promise or representation as to the future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC Owner and their employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Owner and their employees disclaim any and all liability for representations and warranties expressed and implied contained in or for omissions from the Confidential Offering Memorandum or any other written or oral communication transmitted or made available to the recipient
LEGAL DISCLAIMER
LEGAL DISCLAIMERThe Confidential Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the Property or Owner since the date of preparation of the Confidential Offering Memorandum Analysis and verification of the information contained in the Confidential Offering Memorandum is solely the responsibility of the prospective purchaser Additional information and an opportunity to inspect the Property will be made available upon request to interested and qualified prospective investors
Owner expressly reserves the right at its sole discretion to reject any or all expressions of interest or offers regarding the Property andor terminate discussions with any entity at any time with or without notice Owner shall have no legal commitment or obligation to any entity reviewing the Confidential Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Owner a written agreement for the purchase of the Property has been fully executed delivered and approved by Owner and its legal counsel and any conditions to Ownerrsquos obligations there under have been satisfied or waived
This Confidential Offering Memorandum and the contents except such information which is a matter of public record or is provided in sources available to the public are of a confidential nature By accepting the Confidential Offering Memorandum you agree that you will not use the Confidential Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of Owner or Landmark Property amp Development LLC
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
Documents will open in a new window and may take a few minutes to download
If you are not prompted to Save or Open click refresh on your browserrsquos window
FILES FOR DOWNLOAD
FILES FOR DOWNLOAD
DOWNLOAD
You may also request a hard copy amp disc of plans from Joren Peterson at jorenlandmarkpdcom and Hayden Peterson at haydenlandmarkpdcom
BROKER REGISTRATIONCERTIFICATE
DOWNLOAD
DOWNLOAD PLAT
DOWNLOAD ALTA SURVEY
DOWNLOAD DECLARATION OF RESTRICTIONS AND EASEMENTS
DOWNLOAD
DOWNLOAD DEMOGRAPHIC REPORT
DOWNLOAD FLOOR PLANDOWNLOAD
DOWNLOAD ZONING
COMMON AREA MAINTENANCEAGREEMENT
1ST 2ND amp 3RD AMENDMENTS TO DECLARATION OF RESTRICTIONS AND EASEMENTS
DECLARATIONS OF EASEMENTS COVENANTS CONDITIONS AND RESTRICTIONS
DOWNLOAD SITE PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
CONTACTS
FOR MORE INFORMATION PLEASE CONTACTBROKER CONTACTS
JOREN PETERSON HAYDEN PETERSON
4356596979 4356598747jorenlandmarkpdcom haydenlandmarkpdcom
Landmark Property amp Landmark Property amp Development Development PO Box 980580 PO Box 980580Park City UT 84098 Park City UT 84098
CITY CONTACT NUMBERS
PLANNING AND ZONING OFFICE8015695060FIRE ADMINISTRATION8012607300POLICE DEPARTMENT (NON-EMERGENCY)8018404000BUILDING INSPECTION AND PERMITS8015695050
APPROVING PARTY TO THE DECLARATION OF RESTRICTIONS AND EASEMENTS
WRIWest Jordan LLC Albertsons IncWeingarten Realty Investors 250 Parkcenter Blvd2600 Citadel Plaza Drive PO Box 20Houston TX 77008 Boise ID 83726Attn President Attn Legal Dept Lou Brock Phone 3038013702
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
OFFERING TERMSThe asking price is $5500000
INITIAL DUE DILIGENCEPLEASE DO NOT DISTURB STORE EMPLOYEES OR CUSTOMERSThe opportunity to investigate and tour the Property will be made available upon request to interested and qualified buyers Buyers and their representatives MAY NOT tour the interior of the building on their own Once arranged in accordance with these guidelines property tours will be scheduled coordinated and conducted by representatives of Landmark Property amp Development LLC Each prospective Buyer is to rely solely upon its own investigation evaluation and judgment as to the conditions attributes and value of the property
INSPECTION PERIOD EXPIRATION DATE Recommend sixty (60) days or less due diligence period
CLOSE OF ESCROWRecommend thirty (30) days or less from expiration of due diligence
PERSONAL PROPERTY TRADE FIXTURES AND SYSTEMSOn or before the Closing Date Seller shall have the right (but not the obligation) to remove from the Property (i) any or all of Sellerrsquos inventory trade fixtures and other removable personal property (including but not limited to point of sale equipment) (ii) Sellerrsquos compactor bailer and generator and (iii) Sellerrsquos security energy management and phone systems
CONDITION OF SALEThe property is being offered in its ldquoas isrdquo condition Purchaser shall confirm by Purchaserrsquos own due diligence the condition and suitability of the property without any reliance upon information provided herein
PURCHASING GUIDELINES
PURCHASING GUIDELINESDOCUMENTATIONTarget will prepare the Option Agreement and related documents
TITLE REPORTTo be provided by Target upon execution of the Option Agreement
EXCLUSIVE BROKERLandmark Property amp Development LLC hereinafter referred to as ldquoSellerrsquos Brokerrdquo pursuant to a separate listing agreement with Target Corporation All brokers and prospective purchasers must sign and return the Broker Registration Certificate contained in the ldquoFiles for Downloadrdquo section herein
PROPERTY CONTACTSA list of informational contacts is included in the ldquoContactsrdquo section of this presentation
OFFER FORMATPlease note that all final LOIrsquos will be put on Target form It is highly recommended that all offers be made in the form of a Letter of Intent (LOI) and should include at a minimum the following information bull A full outline of the terms offeredbull Purchase price upon close of escrowbull Contingencies (detailed) and length of due diligence periodbull Source of Buyerrsquos financingbull Amount of initial deposit monies (not less than $100000) to
be deposited and held with a designated Title Company in an interest bearing account
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTbull Upon completion of the due diligence period an additional
non-refundable deposit of $100000 to be deposited and held by the designated Title Company in an interest bearing account In no event shall the due diligence period go beyond sixty (60) days
bull Close of escrow to be no sooner and no later than thirty (30) days after completion of due diligence unless extended by Target as described elsewhere herein
bull A detailed description of the proposed use of the site including the nature of the planned operator(s) In this regard Target intends to confirm anchor tenant(s) interest in this location
bull A Buyerrsquos corporate resume including a list of recent purchases of similar properties with at least five related references
bull A contact name and means of contact for Buyerrsquos firm (including e-mail address)
bull Identification of Buyerrsquos broker if any together with a statement that no other brokers are involved whom can rightfully claim to represent the Buyer Buyer understands that Target will rely on this information See the Broker Registration Certificate included herein which must be completed and submitted with each bid
REVIEW OF OFFER(S)
Right to RejectLandmark Property amp Development LLC and Target will review all offers Acceptability of offers will be based on purchase price Buyerrsquos financials Buyerrsquos business resume and reputation ability and willingness of the Buyer to close the sale length of time to close and other pertinent factors of concern to Target Landmark Property amp Development LLC and Target expressly reserve the right in their sole discretion to review andor reject any or all expressions of interest or offers to purchase the Property andor to terminate discussions with any person or entity at any time with or without notice Target shall have no legal commitment or obligations to any person or entity reviewing the Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Target an Option Agreement for the purchase of the Property has been fully executed delivered and approved by Target and its legal counsel and any conditions to Targetrsquos obligations thereunder have been satisfied or waived
Confidentiality Conditions and DisclaimerThis Offering Memorandum has been prepared by Landmark Property amp Development LLC for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the subject Property or any of the documents related thereto nor does it purport to be all-inclusive or to contain all of the information which prospective buyers may need or desire No representation is made by Landmark Property amp Development LLC or Target as to the accuracy or completeness of the information contained herein nor in subsequently provided
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTmaterials and nothing contained herein is or shall be relied on as a promise or representation as to the condition of or future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC as well as Target and its employees disclaim any responsibility for inaccuracies and expect prospective buyers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Target and its employees disclaim any and all liability for representations and warranties expressed andor implied contained in or for omission from the Offering Memorandum or any other written or oral communication transmitted or made available to the recipient The Offering Memorandum does not constitute a representation that there have been no changes of any nature involving the Property since the date of preparation of the Offering Memorandum Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective Buyer
Joren PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356596979jorenlandmarkpdcom
Hayden PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356598747haydenlandmarkpdcom
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
ABSOLUTE POPULATION GROWTH MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
2019 POPULATION INCOME MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
CITY OF WEST JORDAN UTAH
GEOGRAPHIC LOCATIONThe City of West Jordan (118855 POP) is the second largest city in the state of Utah and is located on the west side of I-15 in Salt Lake County (17M POP) The site is in close proximity to I-215 with 113132 ADT Traffic counts on the adjacent streets include 44731 ADT on Redwood Rd and 25317 ADT on 7000 South
POPULATIONYEAR CITY OF WEST JORDAN2019 118855
CITY SUMMARY (City of West Jordan Information)This area of West Jordan is characterized by national and local retail and a growing housing market The median household income in a 5-mile radius is $66408 with a population of 409552 in 134527 housing units (6287 of the units are owned 3713 of the units are rented and only 22 are vacant) Within a 3-mile radius the median household income is slightly higher at $68627 with a total population of 132142 and a total number of household units at 42915 The median home value in the area is $318266 which is lower than Salt Lake County at $461191 and slightly lower than the state median home value of $363583
There is one 220000 SF Super Walmart store in this submarket located 152 miles North on Redwood Rd The other regional shopping center in the trade area is the 728000 SF Crossroads at Taylorsville anchored by Target (opening Sept 2020) Regal Cinema (opened 2017) Ross TJ Maxx (opened 2018) JoAnn Fabrics and a Harmonrsquos Grocery (remodeled in 2017) West Jordan is located 936 miles south of Utahrsquos largest International Airport that is currently going through a $4 Billion expansion that will be completed in various phases with the final phase scheduled for completion in 2024
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
THE TOP REASONS WHY YOU SHOULD CHOOSE WEST JORDANbull Strong business advocacy and environment providing economic development relocation incentives on a state and local levelbull Extensive transportation system including multiple interstate highways bus rail and air transportationbull Great public educationalbull Extensive recreational opportunities in the surrounding areas such as skiing mountain biking hiking camping rock climbing
fishing and many othersbull Only 946 Miles from Downtown Salt Lakebull 15-minute drive time from the two largest indoor shopping malls in the state City Creek Mall and Fashion Place Mallbull Close proximity to a multitude of restaurants and services
EDUCATIONThe City of West Jordan is home to 107 schools between preschools to high schools with a total student population of 54511 The students in West Jordan perform slightly above the state averages with proficiency in English 2 above the state average Math 2 above the state average and Science 3 above the state average
ARTS RECREATION amp ENTERTAINMENTWest Jordan is a great place to live work and play It is centrally located in the Salt Lake City Metro area and 946 miles southwest of Downtown Salt Lake West Jordan is a 30-45 minute drive from 6 world class ski resorts (Deer Valley Park City Brighton Solitude Snowbird Alta) an hour East to the Uinta National Forest where there are a multitude of camping and hiking locations and 3-4 hours north of 5 National Parks (Arches Capitol Reef Zion Bryce Canyon Lands)
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
NEIGHBORHOOD DEMOGRAPHICSThe city of West Jordan has a population of 118855 people with a median age of 298 and a median household income of $78799 In 2010 the Census count in the area was 103611 Since 2010 the popluation has grown at a rate of 149 year over year The five-year projection for the population in the area is 126938 representing a change of 132 annually from 2019 to 2024 Currently the population is 504 male and 496 female
The population of West Jordan UT is 790 White 12 Black and 199 Hispanic The median property value in West Jordan UT is $318266 and the home ownership rate is 729
ECONOMIC SUMMARY
MAJOR EMPLOYERS BY RANK INDUSTRY EMPLOYEES1 Jordan School District Education 31452 Smiths Food 7303 Jordan Valley Medical Center Hospital 6904 Mountain America Credit Union Banking 6005 Union City of West Jordan City Offices 5536 Walmart Retail 5817 Sysco Intermountain Food Services 4388 SME Industries Steel 3759 National Benefit Services Benefit Administration 29810 Dannon Company Food 250
NOTEABLE BUSINESSES BUSINESS ACTIVITY IN THE WEST JORDAN AREAbull Boeing completed the expansion of its West Jordan facility in September 2015 Boeingrsquos expanded an 850000 SF building from a vacant warehouse to a composite fabrication production center with 100 employees where they manufacture the horizontal stabilizer for the 787-9 Dreamlinerbull Oracle has a global information technology facility in West Jordan bull West Jordan is the site for SME Steelrsquos headquarters
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
Landmark Property amp Development LLC has been retained as exclusive advisor and broker to Target Corporation (ldquoOwnerrdquo) regarding the sale of a 121956 square foot building being referred to as Target (T-768) in West Jordan Utah (ldquoPropertyrdquo)
This Confidential Offering Memorandum has been prepared by Landmark Property amp Development LLC for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the Property or any of the documents related thereto nor does it purport to be all-inclusive or to contain all of the information which prospective investors may need or desire All projections have been developed by Landmark Property amp Development LLC Owner and designated sources and are based upon assumptions relating to the general economy competition and other factors beyond the control of Landmark Property amp Development LLC and Owner and therefore are subject to variation No representation is made by Landmark Property amp Development LLC or Owner as to the accuracy or completeness of the information contained herein and nothing contained herein is or shall be relied on as a promise or representation as to the future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC Owner and their employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Owner and their employees disclaim any and all liability for representations and warranties expressed and implied contained in or for omissions from the Confidential Offering Memorandum or any other written or oral communication transmitted or made available to the recipient
LEGAL DISCLAIMER
LEGAL DISCLAIMERThe Confidential Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the Property or Owner since the date of preparation of the Confidential Offering Memorandum Analysis and verification of the information contained in the Confidential Offering Memorandum is solely the responsibility of the prospective purchaser Additional information and an opportunity to inspect the Property will be made available upon request to interested and qualified prospective investors
Owner expressly reserves the right at its sole discretion to reject any or all expressions of interest or offers regarding the Property andor terminate discussions with any entity at any time with or without notice Owner shall have no legal commitment or obligation to any entity reviewing the Confidential Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Owner a written agreement for the purchase of the Property has been fully executed delivered and approved by Owner and its legal counsel and any conditions to Ownerrsquos obligations there under have been satisfied or waived
This Confidential Offering Memorandum and the contents except such information which is a matter of public record or is provided in sources available to the public are of a confidential nature By accepting the Confidential Offering Memorandum you agree that you will not use the Confidential Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of Owner or Landmark Property amp Development LLC
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
Documents will open in a new window and may take a few minutes to download
If you are not prompted to Save or Open click refresh on your browserrsquos window
FILES FOR DOWNLOAD
FILES FOR DOWNLOAD
DOWNLOAD
You may also request a hard copy amp disc of plans from Joren Peterson at jorenlandmarkpdcom and Hayden Peterson at haydenlandmarkpdcom
BROKER REGISTRATIONCERTIFICATE
DOWNLOAD
DOWNLOAD PLAT
DOWNLOAD ALTA SURVEY
DOWNLOAD DECLARATION OF RESTRICTIONS AND EASEMENTS
DOWNLOAD
DOWNLOAD DEMOGRAPHIC REPORT
DOWNLOAD FLOOR PLANDOWNLOAD
DOWNLOAD ZONING
COMMON AREA MAINTENANCEAGREEMENT
1ST 2ND amp 3RD AMENDMENTS TO DECLARATION OF RESTRICTIONS AND EASEMENTS
DECLARATIONS OF EASEMENTS COVENANTS CONDITIONS AND RESTRICTIONS
DOWNLOAD SITE PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
CONTACTS
FOR MORE INFORMATION PLEASE CONTACTBROKER CONTACTS
JOREN PETERSON HAYDEN PETERSON
4356596979 4356598747jorenlandmarkpdcom haydenlandmarkpdcom
Landmark Property amp Landmark Property amp Development Development PO Box 980580 PO Box 980580Park City UT 84098 Park City UT 84098
CITY CONTACT NUMBERS
PLANNING AND ZONING OFFICE8015695060FIRE ADMINISTRATION8012607300POLICE DEPARTMENT (NON-EMERGENCY)8018404000BUILDING INSPECTION AND PERMITS8015695050
APPROVING PARTY TO THE DECLARATION OF RESTRICTIONS AND EASEMENTS
WRIWest Jordan LLC Albertsons IncWeingarten Realty Investors 250 Parkcenter Blvd2600 Citadel Plaza Drive PO Box 20Houston TX 77008 Boise ID 83726Attn President Attn Legal Dept Lou Brock Phone 3038013702
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
OFFERING TERMSThe asking price is $5500000
INITIAL DUE DILIGENCEPLEASE DO NOT DISTURB STORE EMPLOYEES OR CUSTOMERSThe opportunity to investigate and tour the Property will be made available upon request to interested and qualified buyers Buyers and their representatives MAY NOT tour the interior of the building on their own Once arranged in accordance with these guidelines property tours will be scheduled coordinated and conducted by representatives of Landmark Property amp Development LLC Each prospective Buyer is to rely solely upon its own investigation evaluation and judgment as to the conditions attributes and value of the property
INSPECTION PERIOD EXPIRATION DATE Recommend sixty (60) days or less due diligence period
CLOSE OF ESCROWRecommend thirty (30) days or less from expiration of due diligence
PERSONAL PROPERTY TRADE FIXTURES AND SYSTEMSOn or before the Closing Date Seller shall have the right (but not the obligation) to remove from the Property (i) any or all of Sellerrsquos inventory trade fixtures and other removable personal property (including but not limited to point of sale equipment) (ii) Sellerrsquos compactor bailer and generator and (iii) Sellerrsquos security energy management and phone systems
CONDITION OF SALEThe property is being offered in its ldquoas isrdquo condition Purchaser shall confirm by Purchaserrsquos own due diligence the condition and suitability of the property without any reliance upon information provided herein
PURCHASING GUIDELINES
PURCHASING GUIDELINESDOCUMENTATIONTarget will prepare the Option Agreement and related documents
TITLE REPORTTo be provided by Target upon execution of the Option Agreement
EXCLUSIVE BROKERLandmark Property amp Development LLC hereinafter referred to as ldquoSellerrsquos Brokerrdquo pursuant to a separate listing agreement with Target Corporation All brokers and prospective purchasers must sign and return the Broker Registration Certificate contained in the ldquoFiles for Downloadrdquo section herein
PROPERTY CONTACTSA list of informational contacts is included in the ldquoContactsrdquo section of this presentation
OFFER FORMATPlease note that all final LOIrsquos will be put on Target form It is highly recommended that all offers be made in the form of a Letter of Intent (LOI) and should include at a minimum the following information bull A full outline of the terms offeredbull Purchase price upon close of escrowbull Contingencies (detailed) and length of due diligence periodbull Source of Buyerrsquos financingbull Amount of initial deposit monies (not less than $100000) to
be deposited and held with a designated Title Company in an interest bearing account
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTbull Upon completion of the due diligence period an additional
non-refundable deposit of $100000 to be deposited and held by the designated Title Company in an interest bearing account In no event shall the due diligence period go beyond sixty (60) days
bull Close of escrow to be no sooner and no later than thirty (30) days after completion of due diligence unless extended by Target as described elsewhere herein
bull A detailed description of the proposed use of the site including the nature of the planned operator(s) In this regard Target intends to confirm anchor tenant(s) interest in this location
bull A Buyerrsquos corporate resume including a list of recent purchases of similar properties with at least five related references
bull A contact name and means of contact for Buyerrsquos firm (including e-mail address)
bull Identification of Buyerrsquos broker if any together with a statement that no other brokers are involved whom can rightfully claim to represent the Buyer Buyer understands that Target will rely on this information See the Broker Registration Certificate included herein which must be completed and submitted with each bid
REVIEW OF OFFER(S)
Right to RejectLandmark Property amp Development LLC and Target will review all offers Acceptability of offers will be based on purchase price Buyerrsquos financials Buyerrsquos business resume and reputation ability and willingness of the Buyer to close the sale length of time to close and other pertinent factors of concern to Target Landmark Property amp Development LLC and Target expressly reserve the right in their sole discretion to review andor reject any or all expressions of interest or offers to purchase the Property andor to terminate discussions with any person or entity at any time with or without notice Target shall have no legal commitment or obligations to any person or entity reviewing the Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Target an Option Agreement for the purchase of the Property has been fully executed delivered and approved by Target and its legal counsel and any conditions to Targetrsquos obligations thereunder have been satisfied or waived
Confidentiality Conditions and DisclaimerThis Offering Memorandum has been prepared by Landmark Property amp Development LLC for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the subject Property or any of the documents related thereto nor does it purport to be all-inclusive or to contain all of the information which prospective buyers may need or desire No representation is made by Landmark Property amp Development LLC or Target as to the accuracy or completeness of the information contained herein nor in subsequently provided
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTmaterials and nothing contained herein is or shall be relied on as a promise or representation as to the condition of or future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC as well as Target and its employees disclaim any responsibility for inaccuracies and expect prospective buyers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Target and its employees disclaim any and all liability for representations and warranties expressed andor implied contained in or for omission from the Offering Memorandum or any other written or oral communication transmitted or made available to the recipient The Offering Memorandum does not constitute a representation that there have been no changes of any nature involving the Property since the date of preparation of the Offering Memorandum Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective Buyer
Joren PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356596979jorenlandmarkpdcom
Hayden PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356598747haydenlandmarkpdcom
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MAPS
2019 POPULATION INCOME MAP
SITE LOCATIONPOP GROWTH POP INCOME
6748 SOUTH REDWOOD RD
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
CITY OF WEST JORDAN UTAH
GEOGRAPHIC LOCATIONThe City of West Jordan (118855 POP) is the second largest city in the state of Utah and is located on the west side of I-15 in Salt Lake County (17M POP) The site is in close proximity to I-215 with 113132 ADT Traffic counts on the adjacent streets include 44731 ADT on Redwood Rd and 25317 ADT on 7000 South
POPULATIONYEAR CITY OF WEST JORDAN2019 118855
CITY SUMMARY (City of West Jordan Information)This area of West Jordan is characterized by national and local retail and a growing housing market The median household income in a 5-mile radius is $66408 with a population of 409552 in 134527 housing units (6287 of the units are owned 3713 of the units are rented and only 22 are vacant) Within a 3-mile radius the median household income is slightly higher at $68627 with a total population of 132142 and a total number of household units at 42915 The median home value in the area is $318266 which is lower than Salt Lake County at $461191 and slightly lower than the state median home value of $363583
There is one 220000 SF Super Walmart store in this submarket located 152 miles North on Redwood Rd The other regional shopping center in the trade area is the 728000 SF Crossroads at Taylorsville anchored by Target (opening Sept 2020) Regal Cinema (opened 2017) Ross TJ Maxx (opened 2018) JoAnn Fabrics and a Harmonrsquos Grocery (remodeled in 2017) West Jordan is located 936 miles south of Utahrsquos largest International Airport that is currently going through a $4 Billion expansion that will be completed in various phases with the final phase scheduled for completion in 2024
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
THE TOP REASONS WHY YOU SHOULD CHOOSE WEST JORDANbull Strong business advocacy and environment providing economic development relocation incentives on a state and local levelbull Extensive transportation system including multiple interstate highways bus rail and air transportationbull Great public educationalbull Extensive recreational opportunities in the surrounding areas such as skiing mountain biking hiking camping rock climbing
fishing and many othersbull Only 946 Miles from Downtown Salt Lakebull 15-minute drive time from the two largest indoor shopping malls in the state City Creek Mall and Fashion Place Mallbull Close proximity to a multitude of restaurants and services
EDUCATIONThe City of West Jordan is home to 107 schools between preschools to high schools with a total student population of 54511 The students in West Jordan perform slightly above the state averages with proficiency in English 2 above the state average Math 2 above the state average and Science 3 above the state average
ARTS RECREATION amp ENTERTAINMENTWest Jordan is a great place to live work and play It is centrally located in the Salt Lake City Metro area and 946 miles southwest of Downtown Salt Lake West Jordan is a 30-45 minute drive from 6 world class ski resorts (Deer Valley Park City Brighton Solitude Snowbird Alta) an hour East to the Uinta National Forest where there are a multitude of camping and hiking locations and 3-4 hours north of 5 National Parks (Arches Capitol Reef Zion Bryce Canyon Lands)
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
NEIGHBORHOOD DEMOGRAPHICSThe city of West Jordan has a population of 118855 people with a median age of 298 and a median household income of $78799 In 2010 the Census count in the area was 103611 Since 2010 the popluation has grown at a rate of 149 year over year The five-year projection for the population in the area is 126938 representing a change of 132 annually from 2019 to 2024 Currently the population is 504 male and 496 female
The population of West Jordan UT is 790 White 12 Black and 199 Hispanic The median property value in West Jordan UT is $318266 and the home ownership rate is 729
ECONOMIC SUMMARY
MAJOR EMPLOYERS BY RANK INDUSTRY EMPLOYEES1 Jordan School District Education 31452 Smiths Food 7303 Jordan Valley Medical Center Hospital 6904 Mountain America Credit Union Banking 6005 Union City of West Jordan City Offices 5536 Walmart Retail 5817 Sysco Intermountain Food Services 4388 SME Industries Steel 3759 National Benefit Services Benefit Administration 29810 Dannon Company Food 250
NOTEABLE BUSINESSES BUSINESS ACTIVITY IN THE WEST JORDAN AREAbull Boeing completed the expansion of its West Jordan facility in September 2015 Boeingrsquos expanded an 850000 SF building from a vacant warehouse to a composite fabrication production center with 100 employees where they manufacture the horizontal stabilizer for the 787-9 Dreamlinerbull Oracle has a global information technology facility in West Jordan bull West Jordan is the site for SME Steelrsquos headquarters
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
Landmark Property amp Development LLC has been retained as exclusive advisor and broker to Target Corporation (ldquoOwnerrdquo) regarding the sale of a 121956 square foot building being referred to as Target (T-768) in West Jordan Utah (ldquoPropertyrdquo)
This Confidential Offering Memorandum has been prepared by Landmark Property amp Development LLC for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the Property or any of the documents related thereto nor does it purport to be all-inclusive or to contain all of the information which prospective investors may need or desire All projections have been developed by Landmark Property amp Development LLC Owner and designated sources and are based upon assumptions relating to the general economy competition and other factors beyond the control of Landmark Property amp Development LLC and Owner and therefore are subject to variation No representation is made by Landmark Property amp Development LLC or Owner as to the accuracy or completeness of the information contained herein and nothing contained herein is or shall be relied on as a promise or representation as to the future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC Owner and their employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Owner and their employees disclaim any and all liability for representations and warranties expressed and implied contained in or for omissions from the Confidential Offering Memorandum or any other written or oral communication transmitted or made available to the recipient
LEGAL DISCLAIMER
LEGAL DISCLAIMERThe Confidential Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the Property or Owner since the date of preparation of the Confidential Offering Memorandum Analysis and verification of the information contained in the Confidential Offering Memorandum is solely the responsibility of the prospective purchaser Additional information and an opportunity to inspect the Property will be made available upon request to interested and qualified prospective investors
Owner expressly reserves the right at its sole discretion to reject any or all expressions of interest or offers regarding the Property andor terminate discussions with any entity at any time with or without notice Owner shall have no legal commitment or obligation to any entity reviewing the Confidential Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Owner a written agreement for the purchase of the Property has been fully executed delivered and approved by Owner and its legal counsel and any conditions to Ownerrsquos obligations there under have been satisfied or waived
This Confidential Offering Memorandum and the contents except such information which is a matter of public record or is provided in sources available to the public are of a confidential nature By accepting the Confidential Offering Memorandum you agree that you will not use the Confidential Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of Owner or Landmark Property amp Development LLC
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
Documents will open in a new window and may take a few minutes to download
If you are not prompted to Save or Open click refresh on your browserrsquos window
FILES FOR DOWNLOAD
FILES FOR DOWNLOAD
DOWNLOAD
You may also request a hard copy amp disc of plans from Joren Peterson at jorenlandmarkpdcom and Hayden Peterson at haydenlandmarkpdcom
BROKER REGISTRATIONCERTIFICATE
DOWNLOAD
DOWNLOAD PLAT
DOWNLOAD ALTA SURVEY
DOWNLOAD DECLARATION OF RESTRICTIONS AND EASEMENTS
DOWNLOAD
DOWNLOAD DEMOGRAPHIC REPORT
DOWNLOAD FLOOR PLANDOWNLOAD
DOWNLOAD ZONING
COMMON AREA MAINTENANCEAGREEMENT
1ST 2ND amp 3RD AMENDMENTS TO DECLARATION OF RESTRICTIONS AND EASEMENTS
DECLARATIONS OF EASEMENTS COVENANTS CONDITIONS AND RESTRICTIONS
DOWNLOAD SITE PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
CONTACTS
FOR MORE INFORMATION PLEASE CONTACTBROKER CONTACTS
JOREN PETERSON HAYDEN PETERSON
4356596979 4356598747jorenlandmarkpdcom haydenlandmarkpdcom
Landmark Property amp Landmark Property amp Development Development PO Box 980580 PO Box 980580Park City UT 84098 Park City UT 84098
CITY CONTACT NUMBERS
PLANNING AND ZONING OFFICE8015695060FIRE ADMINISTRATION8012607300POLICE DEPARTMENT (NON-EMERGENCY)8018404000BUILDING INSPECTION AND PERMITS8015695050
APPROVING PARTY TO THE DECLARATION OF RESTRICTIONS AND EASEMENTS
WRIWest Jordan LLC Albertsons IncWeingarten Realty Investors 250 Parkcenter Blvd2600 Citadel Plaza Drive PO Box 20Houston TX 77008 Boise ID 83726Attn President Attn Legal Dept Lou Brock Phone 3038013702
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
OFFERING TERMSThe asking price is $5500000
INITIAL DUE DILIGENCEPLEASE DO NOT DISTURB STORE EMPLOYEES OR CUSTOMERSThe opportunity to investigate and tour the Property will be made available upon request to interested and qualified buyers Buyers and their representatives MAY NOT tour the interior of the building on their own Once arranged in accordance with these guidelines property tours will be scheduled coordinated and conducted by representatives of Landmark Property amp Development LLC Each prospective Buyer is to rely solely upon its own investigation evaluation and judgment as to the conditions attributes and value of the property
INSPECTION PERIOD EXPIRATION DATE Recommend sixty (60) days or less due diligence period
CLOSE OF ESCROWRecommend thirty (30) days or less from expiration of due diligence
PERSONAL PROPERTY TRADE FIXTURES AND SYSTEMSOn or before the Closing Date Seller shall have the right (but not the obligation) to remove from the Property (i) any or all of Sellerrsquos inventory trade fixtures and other removable personal property (including but not limited to point of sale equipment) (ii) Sellerrsquos compactor bailer and generator and (iii) Sellerrsquos security energy management and phone systems
CONDITION OF SALEThe property is being offered in its ldquoas isrdquo condition Purchaser shall confirm by Purchaserrsquos own due diligence the condition and suitability of the property without any reliance upon information provided herein
PURCHASING GUIDELINES
PURCHASING GUIDELINESDOCUMENTATIONTarget will prepare the Option Agreement and related documents
TITLE REPORTTo be provided by Target upon execution of the Option Agreement
EXCLUSIVE BROKERLandmark Property amp Development LLC hereinafter referred to as ldquoSellerrsquos Brokerrdquo pursuant to a separate listing agreement with Target Corporation All brokers and prospective purchasers must sign and return the Broker Registration Certificate contained in the ldquoFiles for Downloadrdquo section herein
PROPERTY CONTACTSA list of informational contacts is included in the ldquoContactsrdquo section of this presentation
OFFER FORMATPlease note that all final LOIrsquos will be put on Target form It is highly recommended that all offers be made in the form of a Letter of Intent (LOI) and should include at a minimum the following information bull A full outline of the terms offeredbull Purchase price upon close of escrowbull Contingencies (detailed) and length of due diligence periodbull Source of Buyerrsquos financingbull Amount of initial deposit monies (not less than $100000) to
be deposited and held with a designated Title Company in an interest bearing account
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTbull Upon completion of the due diligence period an additional
non-refundable deposit of $100000 to be deposited and held by the designated Title Company in an interest bearing account In no event shall the due diligence period go beyond sixty (60) days
bull Close of escrow to be no sooner and no later than thirty (30) days after completion of due diligence unless extended by Target as described elsewhere herein
bull A detailed description of the proposed use of the site including the nature of the planned operator(s) In this regard Target intends to confirm anchor tenant(s) interest in this location
bull A Buyerrsquos corporate resume including a list of recent purchases of similar properties with at least five related references
bull A contact name and means of contact for Buyerrsquos firm (including e-mail address)
bull Identification of Buyerrsquos broker if any together with a statement that no other brokers are involved whom can rightfully claim to represent the Buyer Buyer understands that Target will rely on this information See the Broker Registration Certificate included herein which must be completed and submitted with each bid
REVIEW OF OFFER(S)
Right to RejectLandmark Property amp Development LLC and Target will review all offers Acceptability of offers will be based on purchase price Buyerrsquos financials Buyerrsquos business resume and reputation ability and willingness of the Buyer to close the sale length of time to close and other pertinent factors of concern to Target Landmark Property amp Development LLC and Target expressly reserve the right in their sole discretion to review andor reject any or all expressions of interest or offers to purchase the Property andor to terminate discussions with any person or entity at any time with or without notice Target shall have no legal commitment or obligations to any person or entity reviewing the Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Target an Option Agreement for the purchase of the Property has been fully executed delivered and approved by Target and its legal counsel and any conditions to Targetrsquos obligations thereunder have been satisfied or waived
Confidentiality Conditions and DisclaimerThis Offering Memorandum has been prepared by Landmark Property amp Development LLC for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the subject Property or any of the documents related thereto nor does it purport to be all-inclusive or to contain all of the information which prospective buyers may need or desire No representation is made by Landmark Property amp Development LLC or Target as to the accuracy or completeness of the information contained herein nor in subsequently provided
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTmaterials and nothing contained herein is or shall be relied on as a promise or representation as to the condition of or future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC as well as Target and its employees disclaim any responsibility for inaccuracies and expect prospective buyers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Target and its employees disclaim any and all liability for representations and warranties expressed andor implied contained in or for omission from the Offering Memorandum or any other written or oral communication transmitted or made available to the recipient The Offering Memorandum does not constitute a representation that there have been no changes of any nature involving the Property since the date of preparation of the Offering Memorandum Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective Buyer
Joren PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356596979jorenlandmarkpdcom
Hayden PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356598747haydenlandmarkpdcom
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
CITY OF WEST JORDAN UTAH
GEOGRAPHIC LOCATIONThe City of West Jordan (118855 POP) is the second largest city in the state of Utah and is located on the west side of I-15 in Salt Lake County (17M POP) The site is in close proximity to I-215 with 113132 ADT Traffic counts on the adjacent streets include 44731 ADT on Redwood Rd and 25317 ADT on 7000 South
POPULATIONYEAR CITY OF WEST JORDAN2019 118855
CITY SUMMARY (City of West Jordan Information)This area of West Jordan is characterized by national and local retail and a growing housing market The median household income in a 5-mile radius is $66408 with a population of 409552 in 134527 housing units (6287 of the units are owned 3713 of the units are rented and only 22 are vacant) Within a 3-mile radius the median household income is slightly higher at $68627 with a total population of 132142 and a total number of household units at 42915 The median home value in the area is $318266 which is lower than Salt Lake County at $461191 and slightly lower than the state median home value of $363583
There is one 220000 SF Super Walmart store in this submarket located 152 miles North on Redwood Rd The other regional shopping center in the trade area is the 728000 SF Crossroads at Taylorsville anchored by Target (opening Sept 2020) Regal Cinema (opened 2017) Ross TJ Maxx (opened 2018) JoAnn Fabrics and a Harmonrsquos Grocery (remodeled in 2017) West Jordan is located 936 miles south of Utahrsquos largest International Airport that is currently going through a $4 Billion expansion that will be completed in various phases with the final phase scheduled for completion in 2024
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
THE TOP REASONS WHY YOU SHOULD CHOOSE WEST JORDANbull Strong business advocacy and environment providing economic development relocation incentives on a state and local levelbull Extensive transportation system including multiple interstate highways bus rail and air transportationbull Great public educationalbull Extensive recreational opportunities in the surrounding areas such as skiing mountain biking hiking camping rock climbing
fishing and many othersbull Only 946 Miles from Downtown Salt Lakebull 15-minute drive time from the two largest indoor shopping malls in the state City Creek Mall and Fashion Place Mallbull Close proximity to a multitude of restaurants and services
EDUCATIONThe City of West Jordan is home to 107 schools between preschools to high schools with a total student population of 54511 The students in West Jordan perform slightly above the state averages with proficiency in English 2 above the state average Math 2 above the state average and Science 3 above the state average
ARTS RECREATION amp ENTERTAINMENTWest Jordan is a great place to live work and play It is centrally located in the Salt Lake City Metro area and 946 miles southwest of Downtown Salt Lake West Jordan is a 30-45 minute drive from 6 world class ski resorts (Deer Valley Park City Brighton Solitude Snowbird Alta) an hour East to the Uinta National Forest where there are a multitude of camping and hiking locations and 3-4 hours north of 5 National Parks (Arches Capitol Reef Zion Bryce Canyon Lands)
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
NEIGHBORHOOD DEMOGRAPHICSThe city of West Jordan has a population of 118855 people with a median age of 298 and a median household income of $78799 In 2010 the Census count in the area was 103611 Since 2010 the popluation has grown at a rate of 149 year over year The five-year projection for the population in the area is 126938 representing a change of 132 annually from 2019 to 2024 Currently the population is 504 male and 496 female
The population of West Jordan UT is 790 White 12 Black and 199 Hispanic The median property value in West Jordan UT is $318266 and the home ownership rate is 729
ECONOMIC SUMMARY
MAJOR EMPLOYERS BY RANK INDUSTRY EMPLOYEES1 Jordan School District Education 31452 Smiths Food 7303 Jordan Valley Medical Center Hospital 6904 Mountain America Credit Union Banking 6005 Union City of West Jordan City Offices 5536 Walmart Retail 5817 Sysco Intermountain Food Services 4388 SME Industries Steel 3759 National Benefit Services Benefit Administration 29810 Dannon Company Food 250
NOTEABLE BUSINESSES BUSINESS ACTIVITY IN THE WEST JORDAN AREAbull Boeing completed the expansion of its West Jordan facility in September 2015 Boeingrsquos expanded an 850000 SF building from a vacant warehouse to a composite fabrication production center with 100 employees where they manufacture the horizontal stabilizer for the 787-9 Dreamlinerbull Oracle has a global information technology facility in West Jordan bull West Jordan is the site for SME Steelrsquos headquarters
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
Landmark Property amp Development LLC has been retained as exclusive advisor and broker to Target Corporation (ldquoOwnerrdquo) regarding the sale of a 121956 square foot building being referred to as Target (T-768) in West Jordan Utah (ldquoPropertyrdquo)
This Confidential Offering Memorandum has been prepared by Landmark Property amp Development LLC for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the Property or any of the documents related thereto nor does it purport to be all-inclusive or to contain all of the information which prospective investors may need or desire All projections have been developed by Landmark Property amp Development LLC Owner and designated sources and are based upon assumptions relating to the general economy competition and other factors beyond the control of Landmark Property amp Development LLC and Owner and therefore are subject to variation No representation is made by Landmark Property amp Development LLC or Owner as to the accuracy or completeness of the information contained herein and nothing contained herein is or shall be relied on as a promise or representation as to the future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC Owner and their employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Owner and their employees disclaim any and all liability for representations and warranties expressed and implied contained in or for omissions from the Confidential Offering Memorandum or any other written or oral communication transmitted or made available to the recipient
LEGAL DISCLAIMER
LEGAL DISCLAIMERThe Confidential Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the Property or Owner since the date of preparation of the Confidential Offering Memorandum Analysis and verification of the information contained in the Confidential Offering Memorandum is solely the responsibility of the prospective purchaser Additional information and an opportunity to inspect the Property will be made available upon request to interested and qualified prospective investors
Owner expressly reserves the right at its sole discretion to reject any or all expressions of interest or offers regarding the Property andor terminate discussions with any entity at any time with or without notice Owner shall have no legal commitment or obligation to any entity reviewing the Confidential Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Owner a written agreement for the purchase of the Property has been fully executed delivered and approved by Owner and its legal counsel and any conditions to Ownerrsquos obligations there under have been satisfied or waived
This Confidential Offering Memorandum and the contents except such information which is a matter of public record or is provided in sources available to the public are of a confidential nature By accepting the Confidential Offering Memorandum you agree that you will not use the Confidential Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of Owner or Landmark Property amp Development LLC
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
Documents will open in a new window and may take a few minutes to download
If you are not prompted to Save or Open click refresh on your browserrsquos window
FILES FOR DOWNLOAD
FILES FOR DOWNLOAD
DOWNLOAD
You may also request a hard copy amp disc of plans from Joren Peterson at jorenlandmarkpdcom and Hayden Peterson at haydenlandmarkpdcom
BROKER REGISTRATIONCERTIFICATE
DOWNLOAD
DOWNLOAD PLAT
DOWNLOAD ALTA SURVEY
DOWNLOAD DECLARATION OF RESTRICTIONS AND EASEMENTS
DOWNLOAD
DOWNLOAD DEMOGRAPHIC REPORT
DOWNLOAD FLOOR PLANDOWNLOAD
DOWNLOAD ZONING
COMMON AREA MAINTENANCEAGREEMENT
1ST 2ND amp 3RD AMENDMENTS TO DECLARATION OF RESTRICTIONS AND EASEMENTS
DECLARATIONS OF EASEMENTS COVENANTS CONDITIONS AND RESTRICTIONS
DOWNLOAD SITE PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
CONTACTS
FOR MORE INFORMATION PLEASE CONTACTBROKER CONTACTS
JOREN PETERSON HAYDEN PETERSON
4356596979 4356598747jorenlandmarkpdcom haydenlandmarkpdcom
Landmark Property amp Landmark Property amp Development Development PO Box 980580 PO Box 980580Park City UT 84098 Park City UT 84098
CITY CONTACT NUMBERS
PLANNING AND ZONING OFFICE8015695060FIRE ADMINISTRATION8012607300POLICE DEPARTMENT (NON-EMERGENCY)8018404000BUILDING INSPECTION AND PERMITS8015695050
APPROVING PARTY TO THE DECLARATION OF RESTRICTIONS AND EASEMENTS
WRIWest Jordan LLC Albertsons IncWeingarten Realty Investors 250 Parkcenter Blvd2600 Citadel Plaza Drive PO Box 20Houston TX 77008 Boise ID 83726Attn President Attn Legal Dept Lou Brock Phone 3038013702
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
OFFERING TERMSThe asking price is $5500000
INITIAL DUE DILIGENCEPLEASE DO NOT DISTURB STORE EMPLOYEES OR CUSTOMERSThe opportunity to investigate and tour the Property will be made available upon request to interested and qualified buyers Buyers and their representatives MAY NOT tour the interior of the building on their own Once arranged in accordance with these guidelines property tours will be scheduled coordinated and conducted by representatives of Landmark Property amp Development LLC Each prospective Buyer is to rely solely upon its own investigation evaluation and judgment as to the conditions attributes and value of the property
INSPECTION PERIOD EXPIRATION DATE Recommend sixty (60) days or less due diligence period
CLOSE OF ESCROWRecommend thirty (30) days or less from expiration of due diligence
PERSONAL PROPERTY TRADE FIXTURES AND SYSTEMSOn or before the Closing Date Seller shall have the right (but not the obligation) to remove from the Property (i) any or all of Sellerrsquos inventory trade fixtures and other removable personal property (including but not limited to point of sale equipment) (ii) Sellerrsquos compactor bailer and generator and (iii) Sellerrsquos security energy management and phone systems
CONDITION OF SALEThe property is being offered in its ldquoas isrdquo condition Purchaser shall confirm by Purchaserrsquos own due diligence the condition and suitability of the property without any reliance upon information provided herein
PURCHASING GUIDELINES
PURCHASING GUIDELINESDOCUMENTATIONTarget will prepare the Option Agreement and related documents
TITLE REPORTTo be provided by Target upon execution of the Option Agreement
EXCLUSIVE BROKERLandmark Property amp Development LLC hereinafter referred to as ldquoSellerrsquos Brokerrdquo pursuant to a separate listing agreement with Target Corporation All brokers and prospective purchasers must sign and return the Broker Registration Certificate contained in the ldquoFiles for Downloadrdquo section herein
PROPERTY CONTACTSA list of informational contacts is included in the ldquoContactsrdquo section of this presentation
OFFER FORMATPlease note that all final LOIrsquos will be put on Target form It is highly recommended that all offers be made in the form of a Letter of Intent (LOI) and should include at a minimum the following information bull A full outline of the terms offeredbull Purchase price upon close of escrowbull Contingencies (detailed) and length of due diligence periodbull Source of Buyerrsquos financingbull Amount of initial deposit monies (not less than $100000) to
be deposited and held with a designated Title Company in an interest bearing account
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTbull Upon completion of the due diligence period an additional
non-refundable deposit of $100000 to be deposited and held by the designated Title Company in an interest bearing account In no event shall the due diligence period go beyond sixty (60) days
bull Close of escrow to be no sooner and no later than thirty (30) days after completion of due diligence unless extended by Target as described elsewhere herein
bull A detailed description of the proposed use of the site including the nature of the planned operator(s) In this regard Target intends to confirm anchor tenant(s) interest in this location
bull A Buyerrsquos corporate resume including a list of recent purchases of similar properties with at least five related references
bull A contact name and means of contact for Buyerrsquos firm (including e-mail address)
bull Identification of Buyerrsquos broker if any together with a statement that no other brokers are involved whom can rightfully claim to represent the Buyer Buyer understands that Target will rely on this information See the Broker Registration Certificate included herein which must be completed and submitted with each bid
REVIEW OF OFFER(S)
Right to RejectLandmark Property amp Development LLC and Target will review all offers Acceptability of offers will be based on purchase price Buyerrsquos financials Buyerrsquos business resume and reputation ability and willingness of the Buyer to close the sale length of time to close and other pertinent factors of concern to Target Landmark Property amp Development LLC and Target expressly reserve the right in their sole discretion to review andor reject any or all expressions of interest or offers to purchase the Property andor to terminate discussions with any person or entity at any time with or without notice Target shall have no legal commitment or obligations to any person or entity reviewing the Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Target an Option Agreement for the purchase of the Property has been fully executed delivered and approved by Target and its legal counsel and any conditions to Targetrsquos obligations thereunder have been satisfied or waived
Confidentiality Conditions and DisclaimerThis Offering Memorandum has been prepared by Landmark Property amp Development LLC for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the subject Property or any of the documents related thereto nor does it purport to be all-inclusive or to contain all of the information which prospective buyers may need or desire No representation is made by Landmark Property amp Development LLC or Target as to the accuracy or completeness of the information contained herein nor in subsequently provided
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTmaterials and nothing contained herein is or shall be relied on as a promise or representation as to the condition of or future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC as well as Target and its employees disclaim any responsibility for inaccuracies and expect prospective buyers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Target and its employees disclaim any and all liability for representations and warranties expressed andor implied contained in or for omission from the Offering Memorandum or any other written or oral communication transmitted or made available to the recipient The Offering Memorandum does not constitute a representation that there have been no changes of any nature involving the Property since the date of preparation of the Offering Memorandum Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective Buyer
Joren PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356596979jorenlandmarkpdcom
Hayden PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356598747haydenlandmarkpdcom
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
THE TOP REASONS WHY YOU SHOULD CHOOSE WEST JORDANbull Strong business advocacy and environment providing economic development relocation incentives on a state and local levelbull Extensive transportation system including multiple interstate highways bus rail and air transportationbull Great public educationalbull Extensive recreational opportunities in the surrounding areas such as skiing mountain biking hiking camping rock climbing
fishing and many othersbull Only 946 Miles from Downtown Salt Lakebull 15-minute drive time from the two largest indoor shopping malls in the state City Creek Mall and Fashion Place Mallbull Close proximity to a multitude of restaurants and services
EDUCATIONThe City of West Jordan is home to 107 schools between preschools to high schools with a total student population of 54511 The students in West Jordan perform slightly above the state averages with proficiency in English 2 above the state average Math 2 above the state average and Science 3 above the state average
ARTS RECREATION amp ENTERTAINMENTWest Jordan is a great place to live work and play It is centrally located in the Salt Lake City Metro area and 946 miles southwest of Downtown Salt Lake West Jordan is a 30-45 minute drive from 6 world class ski resorts (Deer Valley Park City Brighton Solitude Snowbird Alta) an hour East to the Uinta National Forest where there are a multitude of camping and hiking locations and 3-4 hours north of 5 National Parks (Arches Capitol Reef Zion Bryce Canyon Lands)
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
NEIGHBORHOOD DEMOGRAPHICSThe city of West Jordan has a population of 118855 people with a median age of 298 and a median household income of $78799 In 2010 the Census count in the area was 103611 Since 2010 the popluation has grown at a rate of 149 year over year The five-year projection for the population in the area is 126938 representing a change of 132 annually from 2019 to 2024 Currently the population is 504 male and 496 female
The population of West Jordan UT is 790 White 12 Black and 199 Hispanic The median property value in West Jordan UT is $318266 and the home ownership rate is 729
ECONOMIC SUMMARY
MAJOR EMPLOYERS BY RANK INDUSTRY EMPLOYEES1 Jordan School District Education 31452 Smiths Food 7303 Jordan Valley Medical Center Hospital 6904 Mountain America Credit Union Banking 6005 Union City of West Jordan City Offices 5536 Walmart Retail 5817 Sysco Intermountain Food Services 4388 SME Industries Steel 3759 National Benefit Services Benefit Administration 29810 Dannon Company Food 250
NOTEABLE BUSINESSES BUSINESS ACTIVITY IN THE WEST JORDAN AREAbull Boeing completed the expansion of its West Jordan facility in September 2015 Boeingrsquos expanded an 850000 SF building from a vacant warehouse to a composite fabrication production center with 100 employees where they manufacture the horizontal stabilizer for the 787-9 Dreamlinerbull Oracle has a global information technology facility in West Jordan bull West Jordan is the site for SME Steelrsquos headquarters
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
Landmark Property amp Development LLC has been retained as exclusive advisor and broker to Target Corporation (ldquoOwnerrdquo) regarding the sale of a 121956 square foot building being referred to as Target (T-768) in West Jordan Utah (ldquoPropertyrdquo)
This Confidential Offering Memorandum has been prepared by Landmark Property amp Development LLC for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the Property or any of the documents related thereto nor does it purport to be all-inclusive or to contain all of the information which prospective investors may need or desire All projections have been developed by Landmark Property amp Development LLC Owner and designated sources and are based upon assumptions relating to the general economy competition and other factors beyond the control of Landmark Property amp Development LLC and Owner and therefore are subject to variation No representation is made by Landmark Property amp Development LLC or Owner as to the accuracy or completeness of the information contained herein and nothing contained herein is or shall be relied on as a promise or representation as to the future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC Owner and their employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Owner and their employees disclaim any and all liability for representations and warranties expressed and implied contained in or for omissions from the Confidential Offering Memorandum or any other written or oral communication transmitted or made available to the recipient
LEGAL DISCLAIMER
LEGAL DISCLAIMERThe Confidential Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the Property or Owner since the date of preparation of the Confidential Offering Memorandum Analysis and verification of the information contained in the Confidential Offering Memorandum is solely the responsibility of the prospective purchaser Additional information and an opportunity to inspect the Property will be made available upon request to interested and qualified prospective investors
Owner expressly reserves the right at its sole discretion to reject any or all expressions of interest or offers regarding the Property andor terminate discussions with any entity at any time with or without notice Owner shall have no legal commitment or obligation to any entity reviewing the Confidential Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Owner a written agreement for the purchase of the Property has been fully executed delivered and approved by Owner and its legal counsel and any conditions to Ownerrsquos obligations there under have been satisfied or waived
This Confidential Offering Memorandum and the contents except such information which is a matter of public record or is provided in sources available to the public are of a confidential nature By accepting the Confidential Offering Memorandum you agree that you will not use the Confidential Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of Owner or Landmark Property amp Development LLC
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
Documents will open in a new window and may take a few minutes to download
If you are not prompted to Save or Open click refresh on your browserrsquos window
FILES FOR DOWNLOAD
FILES FOR DOWNLOAD
DOWNLOAD
You may also request a hard copy amp disc of plans from Joren Peterson at jorenlandmarkpdcom and Hayden Peterson at haydenlandmarkpdcom
BROKER REGISTRATIONCERTIFICATE
DOWNLOAD
DOWNLOAD PLAT
DOWNLOAD ALTA SURVEY
DOWNLOAD DECLARATION OF RESTRICTIONS AND EASEMENTS
DOWNLOAD
DOWNLOAD DEMOGRAPHIC REPORT
DOWNLOAD FLOOR PLANDOWNLOAD
DOWNLOAD ZONING
COMMON AREA MAINTENANCEAGREEMENT
1ST 2ND amp 3RD AMENDMENTS TO DECLARATION OF RESTRICTIONS AND EASEMENTS
DECLARATIONS OF EASEMENTS COVENANTS CONDITIONS AND RESTRICTIONS
DOWNLOAD SITE PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
CONTACTS
FOR MORE INFORMATION PLEASE CONTACTBROKER CONTACTS
JOREN PETERSON HAYDEN PETERSON
4356596979 4356598747jorenlandmarkpdcom haydenlandmarkpdcom
Landmark Property amp Landmark Property amp Development Development PO Box 980580 PO Box 980580Park City UT 84098 Park City UT 84098
CITY CONTACT NUMBERS
PLANNING AND ZONING OFFICE8015695060FIRE ADMINISTRATION8012607300POLICE DEPARTMENT (NON-EMERGENCY)8018404000BUILDING INSPECTION AND PERMITS8015695050
APPROVING PARTY TO THE DECLARATION OF RESTRICTIONS AND EASEMENTS
WRIWest Jordan LLC Albertsons IncWeingarten Realty Investors 250 Parkcenter Blvd2600 Citadel Plaza Drive PO Box 20Houston TX 77008 Boise ID 83726Attn President Attn Legal Dept Lou Brock Phone 3038013702
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
OFFERING TERMSThe asking price is $5500000
INITIAL DUE DILIGENCEPLEASE DO NOT DISTURB STORE EMPLOYEES OR CUSTOMERSThe opportunity to investigate and tour the Property will be made available upon request to interested and qualified buyers Buyers and their representatives MAY NOT tour the interior of the building on their own Once arranged in accordance with these guidelines property tours will be scheduled coordinated and conducted by representatives of Landmark Property amp Development LLC Each prospective Buyer is to rely solely upon its own investigation evaluation and judgment as to the conditions attributes and value of the property
INSPECTION PERIOD EXPIRATION DATE Recommend sixty (60) days or less due diligence period
CLOSE OF ESCROWRecommend thirty (30) days or less from expiration of due diligence
PERSONAL PROPERTY TRADE FIXTURES AND SYSTEMSOn or before the Closing Date Seller shall have the right (but not the obligation) to remove from the Property (i) any or all of Sellerrsquos inventory trade fixtures and other removable personal property (including but not limited to point of sale equipment) (ii) Sellerrsquos compactor bailer and generator and (iii) Sellerrsquos security energy management and phone systems
CONDITION OF SALEThe property is being offered in its ldquoas isrdquo condition Purchaser shall confirm by Purchaserrsquos own due diligence the condition and suitability of the property without any reliance upon information provided herein
PURCHASING GUIDELINES
PURCHASING GUIDELINESDOCUMENTATIONTarget will prepare the Option Agreement and related documents
TITLE REPORTTo be provided by Target upon execution of the Option Agreement
EXCLUSIVE BROKERLandmark Property amp Development LLC hereinafter referred to as ldquoSellerrsquos Brokerrdquo pursuant to a separate listing agreement with Target Corporation All brokers and prospective purchasers must sign and return the Broker Registration Certificate contained in the ldquoFiles for Downloadrdquo section herein
PROPERTY CONTACTSA list of informational contacts is included in the ldquoContactsrdquo section of this presentation
OFFER FORMATPlease note that all final LOIrsquos will be put on Target form It is highly recommended that all offers be made in the form of a Letter of Intent (LOI) and should include at a minimum the following information bull A full outline of the terms offeredbull Purchase price upon close of escrowbull Contingencies (detailed) and length of due diligence periodbull Source of Buyerrsquos financingbull Amount of initial deposit monies (not less than $100000) to
be deposited and held with a designated Title Company in an interest bearing account
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTbull Upon completion of the due diligence period an additional
non-refundable deposit of $100000 to be deposited and held by the designated Title Company in an interest bearing account In no event shall the due diligence period go beyond sixty (60) days
bull Close of escrow to be no sooner and no later than thirty (30) days after completion of due diligence unless extended by Target as described elsewhere herein
bull A detailed description of the proposed use of the site including the nature of the planned operator(s) In this regard Target intends to confirm anchor tenant(s) interest in this location
bull A Buyerrsquos corporate resume including a list of recent purchases of similar properties with at least five related references
bull A contact name and means of contact for Buyerrsquos firm (including e-mail address)
bull Identification of Buyerrsquos broker if any together with a statement that no other brokers are involved whom can rightfully claim to represent the Buyer Buyer understands that Target will rely on this information See the Broker Registration Certificate included herein which must be completed and submitted with each bid
REVIEW OF OFFER(S)
Right to RejectLandmark Property amp Development LLC and Target will review all offers Acceptability of offers will be based on purchase price Buyerrsquos financials Buyerrsquos business resume and reputation ability and willingness of the Buyer to close the sale length of time to close and other pertinent factors of concern to Target Landmark Property amp Development LLC and Target expressly reserve the right in their sole discretion to review andor reject any or all expressions of interest or offers to purchase the Property andor to terminate discussions with any person or entity at any time with or without notice Target shall have no legal commitment or obligations to any person or entity reviewing the Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Target an Option Agreement for the purchase of the Property has been fully executed delivered and approved by Target and its legal counsel and any conditions to Targetrsquos obligations thereunder have been satisfied or waived
Confidentiality Conditions and DisclaimerThis Offering Memorandum has been prepared by Landmark Property amp Development LLC for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the subject Property or any of the documents related thereto nor does it purport to be all-inclusive or to contain all of the information which prospective buyers may need or desire No representation is made by Landmark Property amp Development LLC or Target as to the accuracy or completeness of the information contained herein nor in subsequently provided
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTmaterials and nothing contained herein is or shall be relied on as a promise or representation as to the condition of or future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC as well as Target and its employees disclaim any responsibility for inaccuracies and expect prospective buyers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Target and its employees disclaim any and all liability for representations and warranties expressed andor implied contained in or for omission from the Offering Memorandum or any other written or oral communication transmitted or made available to the recipient The Offering Memorandum does not constitute a representation that there have been no changes of any nature involving the Property since the date of preparation of the Offering Memorandum Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective Buyer
Joren PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356596979jorenlandmarkpdcom
Hayden PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356598747haydenlandmarkpdcom
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
MARKET DATA
MARKET DATA
NEIGHBORHOOD DEMOGRAPHICSThe city of West Jordan has a population of 118855 people with a median age of 298 and a median household income of $78799 In 2010 the Census count in the area was 103611 Since 2010 the popluation has grown at a rate of 149 year over year The five-year projection for the population in the area is 126938 representing a change of 132 annually from 2019 to 2024 Currently the population is 504 male and 496 female
The population of West Jordan UT is 790 White 12 Black and 199 Hispanic The median property value in West Jordan UT is $318266 and the home ownership rate is 729
ECONOMIC SUMMARY
MAJOR EMPLOYERS BY RANK INDUSTRY EMPLOYEES1 Jordan School District Education 31452 Smiths Food 7303 Jordan Valley Medical Center Hospital 6904 Mountain America Credit Union Banking 6005 Union City of West Jordan City Offices 5536 Walmart Retail 5817 Sysco Intermountain Food Services 4388 SME Industries Steel 3759 National Benefit Services Benefit Administration 29810 Dannon Company Food 250
NOTEABLE BUSINESSES BUSINESS ACTIVITY IN THE WEST JORDAN AREAbull Boeing completed the expansion of its West Jordan facility in September 2015 Boeingrsquos expanded an 850000 SF building from a vacant warehouse to a composite fabrication production center with 100 employees where they manufacture the horizontal stabilizer for the 787-9 Dreamlinerbull Oracle has a global information technology facility in West Jordan bull West Jordan is the site for SME Steelrsquos headquarters
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
Landmark Property amp Development LLC has been retained as exclusive advisor and broker to Target Corporation (ldquoOwnerrdquo) regarding the sale of a 121956 square foot building being referred to as Target (T-768) in West Jordan Utah (ldquoPropertyrdquo)
This Confidential Offering Memorandum has been prepared by Landmark Property amp Development LLC for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the Property or any of the documents related thereto nor does it purport to be all-inclusive or to contain all of the information which prospective investors may need or desire All projections have been developed by Landmark Property amp Development LLC Owner and designated sources and are based upon assumptions relating to the general economy competition and other factors beyond the control of Landmark Property amp Development LLC and Owner and therefore are subject to variation No representation is made by Landmark Property amp Development LLC or Owner as to the accuracy or completeness of the information contained herein and nothing contained herein is or shall be relied on as a promise or representation as to the future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC Owner and their employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Owner and their employees disclaim any and all liability for representations and warranties expressed and implied contained in or for omissions from the Confidential Offering Memorandum or any other written or oral communication transmitted or made available to the recipient
LEGAL DISCLAIMER
LEGAL DISCLAIMERThe Confidential Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the Property or Owner since the date of preparation of the Confidential Offering Memorandum Analysis and verification of the information contained in the Confidential Offering Memorandum is solely the responsibility of the prospective purchaser Additional information and an opportunity to inspect the Property will be made available upon request to interested and qualified prospective investors
Owner expressly reserves the right at its sole discretion to reject any or all expressions of interest or offers regarding the Property andor terminate discussions with any entity at any time with or without notice Owner shall have no legal commitment or obligation to any entity reviewing the Confidential Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Owner a written agreement for the purchase of the Property has been fully executed delivered and approved by Owner and its legal counsel and any conditions to Ownerrsquos obligations there under have been satisfied or waived
This Confidential Offering Memorandum and the contents except such information which is a matter of public record or is provided in sources available to the public are of a confidential nature By accepting the Confidential Offering Memorandum you agree that you will not use the Confidential Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of Owner or Landmark Property amp Development LLC
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
Documents will open in a new window and may take a few minutes to download
If you are not prompted to Save or Open click refresh on your browserrsquos window
FILES FOR DOWNLOAD
FILES FOR DOWNLOAD
DOWNLOAD
You may also request a hard copy amp disc of plans from Joren Peterson at jorenlandmarkpdcom and Hayden Peterson at haydenlandmarkpdcom
BROKER REGISTRATIONCERTIFICATE
DOWNLOAD
DOWNLOAD PLAT
DOWNLOAD ALTA SURVEY
DOWNLOAD DECLARATION OF RESTRICTIONS AND EASEMENTS
DOWNLOAD
DOWNLOAD DEMOGRAPHIC REPORT
DOWNLOAD FLOOR PLANDOWNLOAD
DOWNLOAD ZONING
COMMON AREA MAINTENANCEAGREEMENT
1ST 2ND amp 3RD AMENDMENTS TO DECLARATION OF RESTRICTIONS AND EASEMENTS
DECLARATIONS OF EASEMENTS COVENANTS CONDITIONS AND RESTRICTIONS
DOWNLOAD SITE PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
CONTACTS
FOR MORE INFORMATION PLEASE CONTACTBROKER CONTACTS
JOREN PETERSON HAYDEN PETERSON
4356596979 4356598747jorenlandmarkpdcom haydenlandmarkpdcom
Landmark Property amp Landmark Property amp Development Development PO Box 980580 PO Box 980580Park City UT 84098 Park City UT 84098
CITY CONTACT NUMBERS
PLANNING AND ZONING OFFICE8015695060FIRE ADMINISTRATION8012607300POLICE DEPARTMENT (NON-EMERGENCY)8018404000BUILDING INSPECTION AND PERMITS8015695050
APPROVING PARTY TO THE DECLARATION OF RESTRICTIONS AND EASEMENTS
WRIWest Jordan LLC Albertsons IncWeingarten Realty Investors 250 Parkcenter Blvd2600 Citadel Plaza Drive PO Box 20Houston TX 77008 Boise ID 83726Attn President Attn Legal Dept Lou Brock Phone 3038013702
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
OFFERING TERMSThe asking price is $5500000
INITIAL DUE DILIGENCEPLEASE DO NOT DISTURB STORE EMPLOYEES OR CUSTOMERSThe opportunity to investigate and tour the Property will be made available upon request to interested and qualified buyers Buyers and their representatives MAY NOT tour the interior of the building on their own Once arranged in accordance with these guidelines property tours will be scheduled coordinated and conducted by representatives of Landmark Property amp Development LLC Each prospective Buyer is to rely solely upon its own investigation evaluation and judgment as to the conditions attributes and value of the property
INSPECTION PERIOD EXPIRATION DATE Recommend sixty (60) days or less due diligence period
CLOSE OF ESCROWRecommend thirty (30) days or less from expiration of due diligence
PERSONAL PROPERTY TRADE FIXTURES AND SYSTEMSOn or before the Closing Date Seller shall have the right (but not the obligation) to remove from the Property (i) any or all of Sellerrsquos inventory trade fixtures and other removable personal property (including but not limited to point of sale equipment) (ii) Sellerrsquos compactor bailer and generator and (iii) Sellerrsquos security energy management and phone systems
CONDITION OF SALEThe property is being offered in its ldquoas isrdquo condition Purchaser shall confirm by Purchaserrsquos own due diligence the condition and suitability of the property without any reliance upon information provided herein
PURCHASING GUIDELINES
PURCHASING GUIDELINESDOCUMENTATIONTarget will prepare the Option Agreement and related documents
TITLE REPORTTo be provided by Target upon execution of the Option Agreement
EXCLUSIVE BROKERLandmark Property amp Development LLC hereinafter referred to as ldquoSellerrsquos Brokerrdquo pursuant to a separate listing agreement with Target Corporation All brokers and prospective purchasers must sign and return the Broker Registration Certificate contained in the ldquoFiles for Downloadrdquo section herein
PROPERTY CONTACTSA list of informational contacts is included in the ldquoContactsrdquo section of this presentation
OFFER FORMATPlease note that all final LOIrsquos will be put on Target form It is highly recommended that all offers be made in the form of a Letter of Intent (LOI) and should include at a minimum the following information bull A full outline of the terms offeredbull Purchase price upon close of escrowbull Contingencies (detailed) and length of due diligence periodbull Source of Buyerrsquos financingbull Amount of initial deposit monies (not less than $100000) to
be deposited and held with a designated Title Company in an interest bearing account
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTbull Upon completion of the due diligence period an additional
non-refundable deposit of $100000 to be deposited and held by the designated Title Company in an interest bearing account In no event shall the due diligence period go beyond sixty (60) days
bull Close of escrow to be no sooner and no later than thirty (30) days after completion of due diligence unless extended by Target as described elsewhere herein
bull A detailed description of the proposed use of the site including the nature of the planned operator(s) In this regard Target intends to confirm anchor tenant(s) interest in this location
bull A Buyerrsquos corporate resume including a list of recent purchases of similar properties with at least five related references
bull A contact name and means of contact for Buyerrsquos firm (including e-mail address)
bull Identification of Buyerrsquos broker if any together with a statement that no other brokers are involved whom can rightfully claim to represent the Buyer Buyer understands that Target will rely on this information See the Broker Registration Certificate included herein which must be completed and submitted with each bid
REVIEW OF OFFER(S)
Right to RejectLandmark Property amp Development LLC and Target will review all offers Acceptability of offers will be based on purchase price Buyerrsquos financials Buyerrsquos business resume and reputation ability and willingness of the Buyer to close the sale length of time to close and other pertinent factors of concern to Target Landmark Property amp Development LLC and Target expressly reserve the right in their sole discretion to review andor reject any or all expressions of interest or offers to purchase the Property andor to terminate discussions with any person or entity at any time with or without notice Target shall have no legal commitment or obligations to any person or entity reviewing the Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Target an Option Agreement for the purchase of the Property has been fully executed delivered and approved by Target and its legal counsel and any conditions to Targetrsquos obligations thereunder have been satisfied or waived
Confidentiality Conditions and DisclaimerThis Offering Memorandum has been prepared by Landmark Property amp Development LLC for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the subject Property or any of the documents related thereto nor does it purport to be all-inclusive or to contain all of the information which prospective buyers may need or desire No representation is made by Landmark Property amp Development LLC or Target as to the accuracy or completeness of the information contained herein nor in subsequently provided
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTmaterials and nothing contained herein is or shall be relied on as a promise or representation as to the condition of or future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC as well as Target and its employees disclaim any responsibility for inaccuracies and expect prospective buyers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Target and its employees disclaim any and all liability for representations and warranties expressed andor implied contained in or for omission from the Offering Memorandum or any other written or oral communication transmitted or made available to the recipient The Offering Memorandum does not constitute a representation that there have been no changes of any nature involving the Property since the date of preparation of the Offering Memorandum Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective Buyer
Joren PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356596979jorenlandmarkpdcom
Hayden PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356598747haydenlandmarkpdcom
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
Landmark Property amp Development LLC has been retained as exclusive advisor and broker to Target Corporation (ldquoOwnerrdquo) regarding the sale of a 121956 square foot building being referred to as Target (T-768) in West Jordan Utah (ldquoPropertyrdquo)
This Confidential Offering Memorandum has been prepared by Landmark Property amp Development LLC for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the Property or any of the documents related thereto nor does it purport to be all-inclusive or to contain all of the information which prospective investors may need or desire All projections have been developed by Landmark Property amp Development LLC Owner and designated sources and are based upon assumptions relating to the general economy competition and other factors beyond the control of Landmark Property amp Development LLC and Owner and therefore are subject to variation No representation is made by Landmark Property amp Development LLC or Owner as to the accuracy or completeness of the information contained herein and nothing contained herein is or shall be relied on as a promise or representation as to the future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC Owner and their employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Owner and their employees disclaim any and all liability for representations and warranties expressed and implied contained in or for omissions from the Confidential Offering Memorandum or any other written or oral communication transmitted or made available to the recipient
LEGAL DISCLAIMER
LEGAL DISCLAIMERThe Confidential Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the Property or Owner since the date of preparation of the Confidential Offering Memorandum Analysis and verification of the information contained in the Confidential Offering Memorandum is solely the responsibility of the prospective purchaser Additional information and an opportunity to inspect the Property will be made available upon request to interested and qualified prospective investors
Owner expressly reserves the right at its sole discretion to reject any or all expressions of interest or offers regarding the Property andor terminate discussions with any entity at any time with or without notice Owner shall have no legal commitment or obligation to any entity reviewing the Confidential Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Owner a written agreement for the purchase of the Property has been fully executed delivered and approved by Owner and its legal counsel and any conditions to Ownerrsquos obligations there under have been satisfied or waived
This Confidential Offering Memorandum and the contents except such information which is a matter of public record or is provided in sources available to the public are of a confidential nature By accepting the Confidential Offering Memorandum you agree that you will not use the Confidential Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of Owner or Landmark Property amp Development LLC
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
Documents will open in a new window and may take a few minutes to download
If you are not prompted to Save or Open click refresh on your browserrsquos window
FILES FOR DOWNLOAD
FILES FOR DOWNLOAD
DOWNLOAD
You may also request a hard copy amp disc of plans from Joren Peterson at jorenlandmarkpdcom and Hayden Peterson at haydenlandmarkpdcom
BROKER REGISTRATIONCERTIFICATE
DOWNLOAD
DOWNLOAD PLAT
DOWNLOAD ALTA SURVEY
DOWNLOAD DECLARATION OF RESTRICTIONS AND EASEMENTS
DOWNLOAD
DOWNLOAD DEMOGRAPHIC REPORT
DOWNLOAD FLOOR PLANDOWNLOAD
DOWNLOAD ZONING
COMMON AREA MAINTENANCEAGREEMENT
1ST 2ND amp 3RD AMENDMENTS TO DECLARATION OF RESTRICTIONS AND EASEMENTS
DECLARATIONS OF EASEMENTS COVENANTS CONDITIONS AND RESTRICTIONS
DOWNLOAD SITE PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
CONTACTS
FOR MORE INFORMATION PLEASE CONTACTBROKER CONTACTS
JOREN PETERSON HAYDEN PETERSON
4356596979 4356598747jorenlandmarkpdcom haydenlandmarkpdcom
Landmark Property amp Landmark Property amp Development Development PO Box 980580 PO Box 980580Park City UT 84098 Park City UT 84098
CITY CONTACT NUMBERS
PLANNING AND ZONING OFFICE8015695060FIRE ADMINISTRATION8012607300POLICE DEPARTMENT (NON-EMERGENCY)8018404000BUILDING INSPECTION AND PERMITS8015695050
APPROVING PARTY TO THE DECLARATION OF RESTRICTIONS AND EASEMENTS
WRIWest Jordan LLC Albertsons IncWeingarten Realty Investors 250 Parkcenter Blvd2600 Citadel Plaza Drive PO Box 20Houston TX 77008 Boise ID 83726Attn President Attn Legal Dept Lou Brock Phone 3038013702
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
OFFERING TERMSThe asking price is $5500000
INITIAL DUE DILIGENCEPLEASE DO NOT DISTURB STORE EMPLOYEES OR CUSTOMERSThe opportunity to investigate and tour the Property will be made available upon request to interested and qualified buyers Buyers and their representatives MAY NOT tour the interior of the building on their own Once arranged in accordance with these guidelines property tours will be scheduled coordinated and conducted by representatives of Landmark Property amp Development LLC Each prospective Buyer is to rely solely upon its own investigation evaluation and judgment as to the conditions attributes and value of the property
INSPECTION PERIOD EXPIRATION DATE Recommend sixty (60) days or less due diligence period
CLOSE OF ESCROWRecommend thirty (30) days or less from expiration of due diligence
PERSONAL PROPERTY TRADE FIXTURES AND SYSTEMSOn or before the Closing Date Seller shall have the right (but not the obligation) to remove from the Property (i) any or all of Sellerrsquos inventory trade fixtures and other removable personal property (including but not limited to point of sale equipment) (ii) Sellerrsquos compactor bailer and generator and (iii) Sellerrsquos security energy management and phone systems
CONDITION OF SALEThe property is being offered in its ldquoas isrdquo condition Purchaser shall confirm by Purchaserrsquos own due diligence the condition and suitability of the property without any reliance upon information provided herein
PURCHASING GUIDELINES
PURCHASING GUIDELINESDOCUMENTATIONTarget will prepare the Option Agreement and related documents
TITLE REPORTTo be provided by Target upon execution of the Option Agreement
EXCLUSIVE BROKERLandmark Property amp Development LLC hereinafter referred to as ldquoSellerrsquos Brokerrdquo pursuant to a separate listing agreement with Target Corporation All brokers and prospective purchasers must sign and return the Broker Registration Certificate contained in the ldquoFiles for Downloadrdquo section herein
PROPERTY CONTACTSA list of informational contacts is included in the ldquoContactsrdquo section of this presentation
OFFER FORMATPlease note that all final LOIrsquos will be put on Target form It is highly recommended that all offers be made in the form of a Letter of Intent (LOI) and should include at a minimum the following information bull A full outline of the terms offeredbull Purchase price upon close of escrowbull Contingencies (detailed) and length of due diligence periodbull Source of Buyerrsquos financingbull Amount of initial deposit monies (not less than $100000) to
be deposited and held with a designated Title Company in an interest bearing account
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTbull Upon completion of the due diligence period an additional
non-refundable deposit of $100000 to be deposited and held by the designated Title Company in an interest bearing account In no event shall the due diligence period go beyond sixty (60) days
bull Close of escrow to be no sooner and no later than thirty (30) days after completion of due diligence unless extended by Target as described elsewhere herein
bull A detailed description of the proposed use of the site including the nature of the planned operator(s) In this regard Target intends to confirm anchor tenant(s) interest in this location
bull A Buyerrsquos corporate resume including a list of recent purchases of similar properties with at least five related references
bull A contact name and means of contact for Buyerrsquos firm (including e-mail address)
bull Identification of Buyerrsquos broker if any together with a statement that no other brokers are involved whom can rightfully claim to represent the Buyer Buyer understands that Target will rely on this information See the Broker Registration Certificate included herein which must be completed and submitted with each bid
REVIEW OF OFFER(S)
Right to RejectLandmark Property amp Development LLC and Target will review all offers Acceptability of offers will be based on purchase price Buyerrsquos financials Buyerrsquos business resume and reputation ability and willingness of the Buyer to close the sale length of time to close and other pertinent factors of concern to Target Landmark Property amp Development LLC and Target expressly reserve the right in their sole discretion to review andor reject any or all expressions of interest or offers to purchase the Property andor to terminate discussions with any person or entity at any time with or without notice Target shall have no legal commitment or obligations to any person or entity reviewing the Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Target an Option Agreement for the purchase of the Property has been fully executed delivered and approved by Target and its legal counsel and any conditions to Targetrsquos obligations thereunder have been satisfied or waived
Confidentiality Conditions and DisclaimerThis Offering Memorandum has been prepared by Landmark Property amp Development LLC for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the subject Property or any of the documents related thereto nor does it purport to be all-inclusive or to contain all of the information which prospective buyers may need or desire No representation is made by Landmark Property amp Development LLC or Target as to the accuracy or completeness of the information contained herein nor in subsequently provided
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTmaterials and nothing contained herein is or shall be relied on as a promise or representation as to the condition of or future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC as well as Target and its employees disclaim any responsibility for inaccuracies and expect prospective buyers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Target and its employees disclaim any and all liability for representations and warranties expressed andor implied contained in or for omission from the Offering Memorandum or any other written or oral communication transmitted or made available to the recipient The Offering Memorandum does not constitute a representation that there have been no changes of any nature involving the Property since the date of preparation of the Offering Memorandum Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective Buyer
Joren PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356596979jorenlandmarkpdcom
Hayden PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356598747haydenlandmarkpdcom
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
Documents will open in a new window and may take a few minutes to download
If you are not prompted to Save or Open click refresh on your browserrsquos window
FILES FOR DOWNLOAD
FILES FOR DOWNLOAD
DOWNLOAD
You may also request a hard copy amp disc of plans from Joren Peterson at jorenlandmarkpdcom and Hayden Peterson at haydenlandmarkpdcom
BROKER REGISTRATIONCERTIFICATE
DOWNLOAD
DOWNLOAD PLAT
DOWNLOAD ALTA SURVEY
DOWNLOAD DECLARATION OF RESTRICTIONS AND EASEMENTS
DOWNLOAD
DOWNLOAD DEMOGRAPHIC REPORT
DOWNLOAD FLOOR PLANDOWNLOAD
DOWNLOAD ZONING
COMMON AREA MAINTENANCEAGREEMENT
1ST 2ND amp 3RD AMENDMENTS TO DECLARATION OF RESTRICTIONS AND EASEMENTS
DECLARATIONS OF EASEMENTS COVENANTS CONDITIONS AND RESTRICTIONS
DOWNLOAD SITE PLAN
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
CONTACTS
FOR MORE INFORMATION PLEASE CONTACTBROKER CONTACTS
JOREN PETERSON HAYDEN PETERSON
4356596979 4356598747jorenlandmarkpdcom haydenlandmarkpdcom
Landmark Property amp Landmark Property amp Development Development PO Box 980580 PO Box 980580Park City UT 84098 Park City UT 84098
CITY CONTACT NUMBERS
PLANNING AND ZONING OFFICE8015695060FIRE ADMINISTRATION8012607300POLICE DEPARTMENT (NON-EMERGENCY)8018404000BUILDING INSPECTION AND PERMITS8015695050
APPROVING PARTY TO THE DECLARATION OF RESTRICTIONS AND EASEMENTS
WRIWest Jordan LLC Albertsons IncWeingarten Realty Investors 250 Parkcenter Blvd2600 Citadel Plaza Drive PO Box 20Houston TX 77008 Boise ID 83726Attn President Attn Legal Dept Lou Brock Phone 3038013702
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
OFFERING TERMSThe asking price is $5500000
INITIAL DUE DILIGENCEPLEASE DO NOT DISTURB STORE EMPLOYEES OR CUSTOMERSThe opportunity to investigate and tour the Property will be made available upon request to interested and qualified buyers Buyers and their representatives MAY NOT tour the interior of the building on their own Once arranged in accordance with these guidelines property tours will be scheduled coordinated and conducted by representatives of Landmark Property amp Development LLC Each prospective Buyer is to rely solely upon its own investigation evaluation and judgment as to the conditions attributes and value of the property
INSPECTION PERIOD EXPIRATION DATE Recommend sixty (60) days or less due diligence period
CLOSE OF ESCROWRecommend thirty (30) days or less from expiration of due diligence
PERSONAL PROPERTY TRADE FIXTURES AND SYSTEMSOn or before the Closing Date Seller shall have the right (but not the obligation) to remove from the Property (i) any or all of Sellerrsquos inventory trade fixtures and other removable personal property (including but not limited to point of sale equipment) (ii) Sellerrsquos compactor bailer and generator and (iii) Sellerrsquos security energy management and phone systems
CONDITION OF SALEThe property is being offered in its ldquoas isrdquo condition Purchaser shall confirm by Purchaserrsquos own due diligence the condition and suitability of the property without any reliance upon information provided herein
PURCHASING GUIDELINES
PURCHASING GUIDELINESDOCUMENTATIONTarget will prepare the Option Agreement and related documents
TITLE REPORTTo be provided by Target upon execution of the Option Agreement
EXCLUSIVE BROKERLandmark Property amp Development LLC hereinafter referred to as ldquoSellerrsquos Brokerrdquo pursuant to a separate listing agreement with Target Corporation All brokers and prospective purchasers must sign and return the Broker Registration Certificate contained in the ldquoFiles for Downloadrdquo section herein
PROPERTY CONTACTSA list of informational contacts is included in the ldquoContactsrdquo section of this presentation
OFFER FORMATPlease note that all final LOIrsquos will be put on Target form It is highly recommended that all offers be made in the form of a Letter of Intent (LOI) and should include at a minimum the following information bull A full outline of the terms offeredbull Purchase price upon close of escrowbull Contingencies (detailed) and length of due diligence periodbull Source of Buyerrsquos financingbull Amount of initial deposit monies (not less than $100000) to
be deposited and held with a designated Title Company in an interest bearing account
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTbull Upon completion of the due diligence period an additional
non-refundable deposit of $100000 to be deposited and held by the designated Title Company in an interest bearing account In no event shall the due diligence period go beyond sixty (60) days
bull Close of escrow to be no sooner and no later than thirty (30) days after completion of due diligence unless extended by Target as described elsewhere herein
bull A detailed description of the proposed use of the site including the nature of the planned operator(s) In this regard Target intends to confirm anchor tenant(s) interest in this location
bull A Buyerrsquos corporate resume including a list of recent purchases of similar properties with at least five related references
bull A contact name and means of contact for Buyerrsquos firm (including e-mail address)
bull Identification of Buyerrsquos broker if any together with a statement that no other brokers are involved whom can rightfully claim to represent the Buyer Buyer understands that Target will rely on this information See the Broker Registration Certificate included herein which must be completed and submitted with each bid
REVIEW OF OFFER(S)
Right to RejectLandmark Property amp Development LLC and Target will review all offers Acceptability of offers will be based on purchase price Buyerrsquos financials Buyerrsquos business resume and reputation ability and willingness of the Buyer to close the sale length of time to close and other pertinent factors of concern to Target Landmark Property amp Development LLC and Target expressly reserve the right in their sole discretion to review andor reject any or all expressions of interest or offers to purchase the Property andor to terminate discussions with any person or entity at any time with or without notice Target shall have no legal commitment or obligations to any person or entity reviewing the Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Target an Option Agreement for the purchase of the Property has been fully executed delivered and approved by Target and its legal counsel and any conditions to Targetrsquos obligations thereunder have been satisfied or waived
Confidentiality Conditions and DisclaimerThis Offering Memorandum has been prepared by Landmark Property amp Development LLC for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the subject Property or any of the documents related thereto nor does it purport to be all-inclusive or to contain all of the information which prospective buyers may need or desire No representation is made by Landmark Property amp Development LLC or Target as to the accuracy or completeness of the information contained herein nor in subsequently provided
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTmaterials and nothing contained herein is or shall be relied on as a promise or representation as to the condition of or future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC as well as Target and its employees disclaim any responsibility for inaccuracies and expect prospective buyers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Target and its employees disclaim any and all liability for representations and warranties expressed andor implied contained in or for omission from the Offering Memorandum or any other written or oral communication transmitted or made available to the recipient The Offering Memorandum does not constitute a representation that there have been no changes of any nature involving the Property since the date of preparation of the Offering Memorandum Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective Buyer
Joren PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356596979jorenlandmarkpdcom
Hayden PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356598747haydenlandmarkpdcom
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
CONTACTS
FOR MORE INFORMATION PLEASE CONTACTBROKER CONTACTS
JOREN PETERSON HAYDEN PETERSON
4356596979 4356598747jorenlandmarkpdcom haydenlandmarkpdcom
Landmark Property amp Landmark Property amp Development Development PO Box 980580 PO Box 980580Park City UT 84098 Park City UT 84098
CITY CONTACT NUMBERS
PLANNING AND ZONING OFFICE8015695060FIRE ADMINISTRATION8012607300POLICE DEPARTMENT (NON-EMERGENCY)8018404000BUILDING INSPECTION AND PERMITS8015695050
APPROVING PARTY TO THE DECLARATION OF RESTRICTIONS AND EASEMENTS
WRIWest Jordan LLC Albertsons IncWeingarten Realty Investors 250 Parkcenter Blvd2600 Citadel Plaza Drive PO Box 20Houston TX 77008 Boise ID 83726Attn President Attn Legal Dept Lou Brock Phone 3038013702
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
OFFERING TERMSThe asking price is $5500000
INITIAL DUE DILIGENCEPLEASE DO NOT DISTURB STORE EMPLOYEES OR CUSTOMERSThe opportunity to investigate and tour the Property will be made available upon request to interested and qualified buyers Buyers and their representatives MAY NOT tour the interior of the building on their own Once arranged in accordance with these guidelines property tours will be scheduled coordinated and conducted by representatives of Landmark Property amp Development LLC Each prospective Buyer is to rely solely upon its own investigation evaluation and judgment as to the conditions attributes and value of the property
INSPECTION PERIOD EXPIRATION DATE Recommend sixty (60) days or less due diligence period
CLOSE OF ESCROWRecommend thirty (30) days or less from expiration of due diligence
PERSONAL PROPERTY TRADE FIXTURES AND SYSTEMSOn or before the Closing Date Seller shall have the right (but not the obligation) to remove from the Property (i) any or all of Sellerrsquos inventory trade fixtures and other removable personal property (including but not limited to point of sale equipment) (ii) Sellerrsquos compactor bailer and generator and (iii) Sellerrsquos security energy management and phone systems
CONDITION OF SALEThe property is being offered in its ldquoas isrdquo condition Purchaser shall confirm by Purchaserrsquos own due diligence the condition and suitability of the property without any reliance upon information provided herein
PURCHASING GUIDELINES
PURCHASING GUIDELINESDOCUMENTATIONTarget will prepare the Option Agreement and related documents
TITLE REPORTTo be provided by Target upon execution of the Option Agreement
EXCLUSIVE BROKERLandmark Property amp Development LLC hereinafter referred to as ldquoSellerrsquos Brokerrdquo pursuant to a separate listing agreement with Target Corporation All brokers and prospective purchasers must sign and return the Broker Registration Certificate contained in the ldquoFiles for Downloadrdquo section herein
PROPERTY CONTACTSA list of informational contacts is included in the ldquoContactsrdquo section of this presentation
OFFER FORMATPlease note that all final LOIrsquos will be put on Target form It is highly recommended that all offers be made in the form of a Letter of Intent (LOI) and should include at a minimum the following information bull A full outline of the terms offeredbull Purchase price upon close of escrowbull Contingencies (detailed) and length of due diligence periodbull Source of Buyerrsquos financingbull Amount of initial deposit monies (not less than $100000) to
be deposited and held with a designated Title Company in an interest bearing account
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTbull Upon completion of the due diligence period an additional
non-refundable deposit of $100000 to be deposited and held by the designated Title Company in an interest bearing account In no event shall the due diligence period go beyond sixty (60) days
bull Close of escrow to be no sooner and no later than thirty (30) days after completion of due diligence unless extended by Target as described elsewhere herein
bull A detailed description of the proposed use of the site including the nature of the planned operator(s) In this regard Target intends to confirm anchor tenant(s) interest in this location
bull A Buyerrsquos corporate resume including a list of recent purchases of similar properties with at least five related references
bull A contact name and means of contact for Buyerrsquos firm (including e-mail address)
bull Identification of Buyerrsquos broker if any together with a statement that no other brokers are involved whom can rightfully claim to represent the Buyer Buyer understands that Target will rely on this information See the Broker Registration Certificate included herein which must be completed and submitted with each bid
REVIEW OF OFFER(S)
Right to RejectLandmark Property amp Development LLC and Target will review all offers Acceptability of offers will be based on purchase price Buyerrsquos financials Buyerrsquos business resume and reputation ability and willingness of the Buyer to close the sale length of time to close and other pertinent factors of concern to Target Landmark Property amp Development LLC and Target expressly reserve the right in their sole discretion to review andor reject any or all expressions of interest or offers to purchase the Property andor to terminate discussions with any person or entity at any time with or without notice Target shall have no legal commitment or obligations to any person or entity reviewing the Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Target an Option Agreement for the purchase of the Property has been fully executed delivered and approved by Target and its legal counsel and any conditions to Targetrsquos obligations thereunder have been satisfied or waived
Confidentiality Conditions and DisclaimerThis Offering Memorandum has been prepared by Landmark Property amp Development LLC for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the subject Property or any of the documents related thereto nor does it purport to be all-inclusive or to contain all of the information which prospective buyers may need or desire No representation is made by Landmark Property amp Development LLC or Target as to the accuracy or completeness of the information contained herein nor in subsequently provided
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTmaterials and nothing contained herein is or shall be relied on as a promise or representation as to the condition of or future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC as well as Target and its employees disclaim any responsibility for inaccuracies and expect prospective buyers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Target and its employees disclaim any and all liability for representations and warranties expressed andor implied contained in or for omission from the Offering Memorandum or any other written or oral communication transmitted or made available to the recipient The Offering Memorandum does not constitute a representation that there have been no changes of any nature involving the Property since the date of preparation of the Offering Memorandum Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective Buyer
Joren PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356596979jorenlandmarkpdcom
Hayden PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356598747haydenlandmarkpdcom
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINES
OFFERING TERMSThe asking price is $5500000
INITIAL DUE DILIGENCEPLEASE DO NOT DISTURB STORE EMPLOYEES OR CUSTOMERSThe opportunity to investigate and tour the Property will be made available upon request to interested and qualified buyers Buyers and their representatives MAY NOT tour the interior of the building on their own Once arranged in accordance with these guidelines property tours will be scheduled coordinated and conducted by representatives of Landmark Property amp Development LLC Each prospective Buyer is to rely solely upon its own investigation evaluation and judgment as to the conditions attributes and value of the property
INSPECTION PERIOD EXPIRATION DATE Recommend sixty (60) days or less due diligence period
CLOSE OF ESCROWRecommend thirty (30) days or less from expiration of due diligence
PERSONAL PROPERTY TRADE FIXTURES AND SYSTEMSOn or before the Closing Date Seller shall have the right (but not the obligation) to remove from the Property (i) any or all of Sellerrsquos inventory trade fixtures and other removable personal property (including but not limited to point of sale equipment) (ii) Sellerrsquos compactor bailer and generator and (iii) Sellerrsquos security energy management and phone systems
CONDITION OF SALEThe property is being offered in its ldquoas isrdquo condition Purchaser shall confirm by Purchaserrsquos own due diligence the condition and suitability of the property without any reliance upon information provided herein
PURCHASING GUIDELINES
PURCHASING GUIDELINESDOCUMENTATIONTarget will prepare the Option Agreement and related documents
TITLE REPORTTo be provided by Target upon execution of the Option Agreement
EXCLUSIVE BROKERLandmark Property amp Development LLC hereinafter referred to as ldquoSellerrsquos Brokerrdquo pursuant to a separate listing agreement with Target Corporation All brokers and prospective purchasers must sign and return the Broker Registration Certificate contained in the ldquoFiles for Downloadrdquo section herein
PROPERTY CONTACTSA list of informational contacts is included in the ldquoContactsrdquo section of this presentation
OFFER FORMATPlease note that all final LOIrsquos will be put on Target form It is highly recommended that all offers be made in the form of a Letter of Intent (LOI) and should include at a minimum the following information bull A full outline of the terms offeredbull Purchase price upon close of escrowbull Contingencies (detailed) and length of due diligence periodbull Source of Buyerrsquos financingbull Amount of initial deposit monies (not less than $100000) to
be deposited and held with a designated Title Company in an interest bearing account
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTbull Upon completion of the due diligence period an additional
non-refundable deposit of $100000 to be deposited and held by the designated Title Company in an interest bearing account In no event shall the due diligence period go beyond sixty (60) days
bull Close of escrow to be no sooner and no later than thirty (30) days after completion of due diligence unless extended by Target as described elsewhere herein
bull A detailed description of the proposed use of the site including the nature of the planned operator(s) In this regard Target intends to confirm anchor tenant(s) interest in this location
bull A Buyerrsquos corporate resume including a list of recent purchases of similar properties with at least five related references
bull A contact name and means of contact for Buyerrsquos firm (including e-mail address)
bull Identification of Buyerrsquos broker if any together with a statement that no other brokers are involved whom can rightfully claim to represent the Buyer Buyer understands that Target will rely on this information See the Broker Registration Certificate included herein which must be completed and submitted with each bid
REVIEW OF OFFER(S)
Right to RejectLandmark Property amp Development LLC and Target will review all offers Acceptability of offers will be based on purchase price Buyerrsquos financials Buyerrsquos business resume and reputation ability and willingness of the Buyer to close the sale length of time to close and other pertinent factors of concern to Target Landmark Property amp Development LLC and Target expressly reserve the right in their sole discretion to review andor reject any or all expressions of interest or offers to purchase the Property andor to terminate discussions with any person or entity at any time with or without notice Target shall have no legal commitment or obligations to any person or entity reviewing the Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Target an Option Agreement for the purchase of the Property has been fully executed delivered and approved by Target and its legal counsel and any conditions to Targetrsquos obligations thereunder have been satisfied or waived
Confidentiality Conditions and DisclaimerThis Offering Memorandum has been prepared by Landmark Property amp Development LLC for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the subject Property or any of the documents related thereto nor does it purport to be all-inclusive or to contain all of the information which prospective buyers may need or desire No representation is made by Landmark Property amp Development LLC or Target as to the accuracy or completeness of the information contained herein nor in subsequently provided
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTmaterials and nothing contained herein is or shall be relied on as a promise or representation as to the condition of or future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC as well as Target and its employees disclaim any responsibility for inaccuracies and expect prospective buyers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Target and its employees disclaim any and all liability for representations and warranties expressed andor implied contained in or for omission from the Offering Memorandum or any other written or oral communication transmitted or made available to the recipient The Offering Memorandum does not constitute a representation that there have been no changes of any nature involving the Property since the date of preparation of the Offering Memorandum Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective Buyer
Joren PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356596979jorenlandmarkpdcom
Hayden PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356598747haydenlandmarkpdcom
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTbull Upon completion of the due diligence period an additional
non-refundable deposit of $100000 to be deposited and held by the designated Title Company in an interest bearing account In no event shall the due diligence period go beyond sixty (60) days
bull Close of escrow to be no sooner and no later than thirty (30) days after completion of due diligence unless extended by Target as described elsewhere herein
bull A detailed description of the proposed use of the site including the nature of the planned operator(s) In this regard Target intends to confirm anchor tenant(s) interest in this location
bull A Buyerrsquos corporate resume including a list of recent purchases of similar properties with at least five related references
bull A contact name and means of contact for Buyerrsquos firm (including e-mail address)
bull Identification of Buyerrsquos broker if any together with a statement that no other brokers are involved whom can rightfully claim to represent the Buyer Buyer understands that Target will rely on this information See the Broker Registration Certificate included herein which must be completed and submitted with each bid
REVIEW OF OFFER(S)
Right to RejectLandmark Property amp Development LLC and Target will review all offers Acceptability of offers will be based on purchase price Buyerrsquos financials Buyerrsquos business resume and reputation ability and willingness of the Buyer to close the sale length of time to close and other pertinent factors of concern to Target Landmark Property amp Development LLC and Target expressly reserve the right in their sole discretion to review andor reject any or all expressions of interest or offers to purchase the Property andor to terminate discussions with any person or entity at any time with or without notice Target shall have no legal commitment or obligations to any person or entity reviewing the Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Target an Option Agreement for the purchase of the Property has been fully executed delivered and approved by Target and its legal counsel and any conditions to Targetrsquos obligations thereunder have been satisfied or waived
Confidentiality Conditions and DisclaimerThis Offering Memorandum has been prepared by Landmark Property amp Development LLC for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the subject Property or any of the documents related thereto nor does it purport to be all-inclusive or to contain all of the information which prospective buyers may need or desire No representation is made by Landmark Property amp Development LLC or Target as to the accuracy or completeness of the information contained herein nor in subsequently provided
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTmaterials and nothing contained herein is or shall be relied on as a promise or representation as to the condition of or future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC as well as Target and its employees disclaim any responsibility for inaccuracies and expect prospective buyers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Target and its employees disclaim any and all liability for representations and warranties expressed andor implied contained in or for omission from the Offering Memorandum or any other written or oral communication transmitted or made available to the recipient The Offering Memorandum does not constitute a representation that there have been no changes of any nature involving the Property since the date of preparation of the Offering Memorandum Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective Buyer
Joren PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356596979jorenlandmarkpdcom
Hayden PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356598747haydenlandmarkpdcom
Big Box Redevelopment Opportunity+-121956 SF Retail Building on 1024 AcresWest Jordan Town Center | 6748 South Redwood RoadWest Jordan Utah 84084
ASKING PRICE$5500000
PROPERTY SUMMARY
PROPERTY DESCRIPTION
AERIALS
PLANS amp PHOTOS
DEMOGRAPHICS
MAPS
MARKET DATA
LEGAL DISCLAIMER
FILES FOR DOWNLOAD
CONTACTS
PURCHASING GUIDELINESPURCHASING GUIDELINES
PURCHASING GUIDELINES CONTmaterials and nothing contained herein is or shall be relied on as a promise or representation as to the condition of or future performance of the Property Although the information contained herein is believed to be correct Landmark Property amp Development LLC as well as Target and its employees disclaim any responsibility for inaccuracies and expect prospective buyers to exercise independent due diligence in verifying all such information Further Landmark Property amp Development LLC Target and its employees disclaim any and all liability for representations and warranties expressed andor implied contained in or for omission from the Offering Memorandum or any other written or oral communication transmitted or made available to the recipient The Offering Memorandum does not constitute a representation that there have been no changes of any nature involving the Property since the date of preparation of the Offering Memorandum Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective Buyer
Joren PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356596979jorenlandmarkpdcom
Hayden PetersonLandmark Property amp Development LLCPO Box 980580Park City UT 840984356598747haydenlandmarkpdcom
