DUTCH BROS COFFEE GROUND LEASE INVESTMENT
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*Not actual photo of property
OPEN FOR BUSINESS • DECEMBER 2021
DUTCH BROS COFFEE
GROUND LEASE INVESTMENT
RYAN STEWART SCOTT BRADY
322 E 12TH STREET rstewart@mtnwest.com sbrady@mtnwest.com
direct 801.578.5541 direct 801.456.8804
OGDEN, UTAH 84404 View Profile View Profile
TABLE
OF CONTENTS
4 EXECUTIVE
SUMMARY
PROPERTY
5 FEATURES
6 SITE PLAN
7 TT MAP
8 TENANT PROFILES
9 DEMOGRAPHICS
9 OGDEN OVERVIEW
10 WHY UTAH?
13 2021 OUTLOOK
DUTCH BROS. COFFEE
2 Mountain West Commercial | Office 801.456.8800 | www.mtnwest.com
*Not actual photo of property
DUTCH BROS
COFFEE CONFIDENTIALITY AND DISCLOSURE
GROUND
LEASE Mountain West Commercial Real Estate has been retained on an exclusive basis to market the property
described as 322 12th Street, Ogden, Utah 84404. Broker has been authorized by seller of the property
INVESTMENT to prepare and distribute the enclosed information for the purpose of soliciting offers to purchase from
interested parties. More detailed financial, title and tenant lease information may be made available upon
322 12TH STREET
request following the mutual execution of a letter of intent or contract to purchase between the Seller and
OGDEN, UTAH 84404
the prospective purchaser. You are invited to review this opportunity and make an offer to purchase based
upon your analysis. If your offer results in the Seller choosing to open negotiations with you, you will be
PREPARED BY asked to provide financial references. The eventual purchaser will be chosen based upon an assessment of
price, terms, ability to close the transaction and such other matters as the Seller deems appropriate.
RYAN STEWART The Material is intended solely for the purpose of soliciting expressions of interest from qualified investors
rstewart@mtnwest.com for the acquisition of the Property. The Material is not to be copied and /or used for any other purpose or
direct 801.578.5541
View Profile made available to any other person without the express written consent of Broker or Seller. The Material
does not purport to be all-inclusive or to contain all of the information that a prospective buyer may
require. The information contained in the material has been obtained from the Seller and other sources
SCOTT BRADY and has not been verified by the Seller or its affiliates, agents, representatives, employees, parents,
sbrady@mtnwest.com
direct 801.456.8804 subsidiaries, members, managers, partners, shareholders, directors, or officers, makes any representation
View Profile or warranty regarding such pro forma. Purchaser must make its own investigation of the Property and any
existing or available financing, and must independently confirm the accuracy of the projections contained
in the pro forma.
Seller reserves the right, for any reason, to withdraw the Property from the Market. Seller has no obligation,
express or implied, to accept any offer. Further, Seller has no obligation to sell the Property unless and
until the Seller executes and delivers a signed agreement of purchase and sale on terms acceptable to the
Seller, in its sole discretion. By submitting an offer, a purchaser will be deemed to have acknowledged the
foregoing and agreed to release Seller and Broker from any liability with respect thereto.
Property walk-throughs are to be conducted by appointment only. Contact Broker for additional
information.
Mountain West Commercial | Office 801.456.8800 | www.mtnwest.com 3
EXECUTIVE SUMMARY
PRICING NEW LONG-TERM LEASE
Dutch Bros signed a brand new 15-year NNN lease with 10.00% rent increases every 5-years. The lease
PURCHASE PRICE $1,855,422
includes three (3) 5-year options to extend.
NET OPERATING INCOME $77,000
RENT COMMENCEMENT DATE
CAP RATE 4.15% The rent commencement date for Dutch Bros is planned for December 1, 2021.
LEASE INFORMATION LOCATION
TENANT TRADE NAME Dutch Bros. Coffee The subject property is located adjacent to one of Ogden’s main corner intersections; 12th Street and
Boersma Bros, LLC Washington Boulevard.
LEASE GUARANTOR
-Corporate Guaranty AREA SALES VOLUME (2019)
LEASE TYPE GL Natural Grocers 5,200,000; Home Depot 44,200,000; Ross 7,800,000; Petsmart 3,640,000; Black Bear Diner
ESTIMATED 2,722,000; Burger King 1,395,000; KFC/A&W 1,598,000; Taco Bell 1,311,000; Freddy’s Frozen Custard
1/1/2022 1,614,000.
COMMENCEMENT
EXPIRATION 12/30/2036
LEASE TERM START EXPIRATION MONTHLY RENT ANNUAL RENT RENT/SF % INCREASE
GROUND LEASE TERM 15 Years Initial Term 1/1/2022 12/30/2026 $ 6,416.67 $ 77,000.00 $ 1.71
Initial Term 1/1/2027 12/30/2031 $ 5,775.00 $ 84,700.00 $ 1.88 10.00%
LEASE TERM REMAINING 15 Years
Initial Term 1/1/2032 12/30/2036 $ 6,352.50 $ 93,170.00 $ 2.07 10.00%
RENTAL INCREASES 10% Every 5-Years Option 1 1/1/2037 12/30/2041 $ 6,987.75 $ 102,487.00 $ 2.28 10.00%
EXTENSION OPTIONS Three, 5-Year Option 2 1/1/2042 12/30/2046 $ 7,686.53 $ 112,735.70 $ 2.51 10.00%
Option 3 1/1/2047 12/30/2051 $ 8,455.18 $ 124,009.27 $ 2.76 10.00%
TENANT'S FIRST RIGHT
No
OF REFUSAL
PROPERTY TAXES Tenant Responsible
INSURANCE Tenant Responsible
UTILITES Tenant Responsible
MAINTENANCE Tenant Responsible
PROPERTY INFORMATION
322 E 12th Street,
PROPERTY ADDRESS
Ogden, UT 84404
GROSS LEASABLE AREA
44,942
(SF)
LAND SIZE (AC) 1.03
YEAR BUILT 2021
DUTCH BROS. COFFEE
4 Mountain West Commercial | Office 801.456.8800 | www.mtnwest.com
PROPERTY FEATURES & LAND OVERVIEW
PROPERTY FEATURES
LOCATION FRONTAGE & ACCESS
322 12th Street, Located east on 12th Street Street
Ogden, Utah 84404 just off one of Ogden’s two main
LAND AREA exits. Full access along 12th Street.
1.03 acre or 44,942 square feet. TRAFFIC COUNTS
BUILDING AREA 25,699 ADT 12TH Street
The subject property consists of a 34,040 ADT Washington Blvd
freestanding building with drive-thru YEAR BUILT
totaling approximately 800 of gross 2022
leasable area. ZONING
C-Commercial
1 21 1 00045
1 . 03 AC
LAND OVERVIEW
APN # ADDRESS ACRES SF
121100045 322 12TH Avenue 1.03 44,942
12TH ST 25,699 ADT
GRANT AVE
2,441 ADT
F : \Projects\SL\Stewart\D u tch Bros\OM _Og d en . ap rx - 8/1 9/2021
Mountain West Commercial | Office 801.456.8800 | www.mtnwest.com 5
SITE PLAN
25,699 ADT 12TH ST
GRANT AVE
F : \Projects\SL\Stewart\D u tch Bros\OM _Og d en . ap rx - 9/8/2021
DUTCH BROS. COFFEE
6 Mountain West Commercial | Office 801.456.8800 | www.mtnwest.com
TT MAP
6,188 ADT
258 7TH ST 6,264 ADT
W
41 0
OGDEN AVE
WILDFLO MEADOW VIEW DR
MEADOW DR
WER CIR
8TH ST
5W
LINCOLN AVE
34,067 ADT
DR
830 S
17
ME
AD ER
OW
OW
BR
FL
O OK
SUN
DR CHESTER ST
CLOVER CIR
425 W
R CHESTER ST
CI
DE
SI
ANT AVE
OOK
BR
9TH ST
RI
VE
GR
R
200 W
BE
33,952 ADT
ND
DR
ST
950 S
GA
TE
ST
OFFICE CROSS ST
!
WASHINGTON BLVD
24,640 SF
300
W
5S
97
1000 S
CHIL
DS A
VE
10TH ST
KIESEL AVE
,
+ 89
ADAMS AVE
SI TE 11TH ST
P rop osed H osp i ta l
34,040 ADT
R AVE
PORTE
37,103 ADT 12TH ST 25,699 ADT 236
220
24,174 ADT
KNOX ON 12TH
WALL AVE
APARTMENTS
!
56 UNITS
LINCOLN AVE
HIDDEN RIDGE
APARTMENTS !
40 UNITS
26,512 ADT
2,386 ADT
2,441 ADT
MILLCREEK
MANOR 13TH ST
GIBSON AVE
!
13TH ST
33 UNITS
GRANT AVE
OAKGROVE
SCHOOL
!
14TH ST
14TH ST
Mountain West Commercial | Office 801.456.8800 | www.mtnwest.com 7
1 2TH STRE E T & WALL AVE N U E
ANCHOR TENANT PROFILE
Dutch Bros Coffee was founded in 1992 by Dane and Travis Boersma, Association, in honor of Dane, who passed away in 2009 after a four-
brothers of Dutch descent. After three generations in the dairy year battle with Lou Gehrig’s disease. With its loyal customer base
business, government regulations pressed the family to sell the cows. dubbed the Dutch Mafia, Dutch Bros Coffee continues to grow, and,
What felt devastating turned out to be a blessing in disguise. wherever it does, the love, donations and smiles grow also. TSG
Consumer Partners (“TSG”), a leading private equity firm focused
exclusively on the branded consumer sector, today announced
The bros bought a double-head espresso machine, threw open the that TSG has acquired a minority stake in Dutch Bros Coffee. The
barn doors and started experimenting with just 100 pounds of beans partnership will enable Dutch Bros to expand its unique brand and
and a rockin’ stereo. They set up a pushcart on the railroad tracks Dutch Luv culture to new markets, leveraging TSG’s expertise and
and started passing out samples to anyone who would brave the new resources. Dutch Bros hopes to grow to 800 shops in five years,
brew, and, within a month, they knew they had something special. continue attracting key talent, employ innovative technology to
improve the quality of service, use business intelligence and data to
“One of the most rewarding things in this change of occupation advance operations, and execute a disciplined brand strategy.
was going from smelling cow manure to smelling coffee,” said
Dane. “You’d open the bag, and it was like heaven.” Today, Dutch ESTABLISHED: 1992
Bros Coffee is the country’s largest, privately held drive-thru coffee
company, with over 318 locations in seven states and over 7,500 LOCATIONS: 322
employees. But growth hasn’t taken the company away from its roots. EMPLOYEES: 9,000
Dutch Bros still gives away drinks — now over one million each year HEADQUARTERS: Grants Pass, Oregon
— to further the bros.’ mission of “spreading the Dutch Luv.”
COMPANY: Privately Held
WEBSITE: Dutchbros.com
The company donates over $2 million a year to its local communities
and nonprofit organizations, including the Muscular Dystrophy
DUTCH BROS. COFFEE
8 Mountain West Commercial | Office 801.456.8800 | www.mtnwest.com
DEMOGRAPHICS
POPULATION BUFFERS - 1, 3, 5 MILES
1 MILE 3 MILES 5 MILES
P l a i n Ci ty P l ea sa n t Vi ew
12,955 78,541 142,198 N orth Og d en
2021 EST. 2021 EST. 2021 EST.
POPULATION POPULATION POPULATION
5 M il es
F a rr West
1 MILE 3 MILES 5 MILES
13,615 83,506 153,624
H a rri svi l l e 3 M il es
2026 EST. 2026 EST. 2026 EST.
POPULATION POPULATION POPULATION
M a rri ott-Sl a tervi l l e
1 M il e
,
+ 89
HOUSEHOLDS & MEDIAN INCOME
&
'
% 15
1 MILE 3 MILES 5 MILES
4,781 28,519 50,665 Og d en
2021 EST. 2021 EST. 2021 EST.
HOUSEHOLDS HOUSEHOLDS HOUSEHOLDS West H a ven
FRONTRUNNE R
1 MILE 3 MILES 5 MILES
$48,908 $53,258 $61,362
2021 EST. 2021 EST. 2021 EST.
INCOME INCOME INCOME
R oy R i verd a l e
&
'
% 84 Wash i n g ton
Terrace
Sou th
Og d en
F : \Projects\SL\Stewart\D u tch Bros\OM _Og d en . ap rx - 8/1 8/2021
Mountain West Commercial | Office 801.456.8800 | www.mtnwest.com 9
OGDEN OVERVIEW
POPULATION TOTAL EMPLOYEES
Northern Utah combines mountains, lakes and reservoirs, 264,878
WEBER COUNTY
92,268
WEBER COUNTY
pioneer and Native American heritage and Utah’s biggest
cities. There are mountainous parks and forests where you
can ski, snowboard, hike, bike or camp.
MEDIAN HOUSEHOLD MEDIAN AGE
It’s also the heart of Utah’s urban experiences, boasting INCOME
vibrant main streets and downtown centers with night life,
festivals and performing arts.
As we emerge from the pandemic and businesses and
$72,473
WEBER COUNTY
32.5
WEBER COUNTY
attractions fully re-open and our iconic events resume,
visitors in 2021 will be able to more fully explore our eclectic
mountain-to-metro community.
From the fun to the downright funky, Ogden, Utah is HOUSEHOLDS TOTAL EMPLOYEES
anything but your typical mountain town. Our three world-
class ski resorts, located just 20 minutes from downtown
Ogden, enjoy 450 inches of powdery snow each winter and 30,699
WEBER COUNTY
92,268
WEBER COUNTY
offer abundant summer recreation and programming.
Source: visitutah.com, visitogden.com
TOTAL BUSINESSES MEDIAN HOME VALUE
4 7,658
WEBER COUNTY
$278,986
WEBER COUNTY
STATE PARKS
OGDEN -
6TH FASTEST GROWING CITY
2016
#9 BEST-PERFORMING
CITIES
2021
DUTCH BROS. COFFEE
10 Mountain West Commercial | Office 801.456.8800 | www.mtnwest.comWHY UTAH?
• Utah Metros in Top 10 Milken List.
Provo-Orem #1, Salt Lake City #4, Ogden-Clearfield #9. (2/21)
• Utah in the 2020 Business Facilities State Rankings. (1/21)
• Utah and Its Citites Lead Nation in Young Population. (6/2021)
• Ogden Named a Top 20 City for Manufacturing. (9/2020)
• St. George a Top Work-from Home Destination (9/2020)
• 10 Categories Where Utah Claims #1 (best private-sector job growth, best state for entrepreneurs,
best performing large system, best state for upward mobility, best state for the middle class, number of dark sky
parks, children per capita, densest concentration of Jurassic-era dinosaur bones, tallest mountain peaks, Most
volunteers) (9/2019)
Source: EDCUtah
#1 BEST STATE FOR #3 BEST STATE
ENTREPRENEURS FOR BUSINESS
2019 2019
#1 BEST #2 BEST STATE TO
ECONOMY START A BUSINESS
10/2020 2019
Source: Utah Governor’s Office of Economic Development
Mountain West Commercial | Office 801.456.8800 | www.mtnwest.com 11JOB GROWTH POPULATION GROWTH
3.3%
UTAH
16%
UTAH source: EDCUtah
1.5%
NATIONAL
6.3%
NATIONAL
DWS, NOV 2019 US CENSUS, 2010-2019
MEDIAN WAGE MEDIAN AGE
$36,790
UTAH
31
UTAH
$38,640
NATIONAL
38.2
NATIONAL
BLS, MAY 2018 US CENSUS, ACS 2018
COST OF LIVING INDEX % BUDGET SPENT ON EDUCATION
101.3
UTAH
40%
UTAH
100.0
NATIONAL
29%
NATIONAL
C2ER, Q3 2019 US CENSUS, 2015
CORPORATE TAX GDP GROWTH
4.95%
UTAH
3.2%
UTAH
6.87%
NATIONAL
1.9%
NATIONAL
TAX FOUNDATION, 2019 BEA, Q3 2019
DUTCH BROS. COFFEE
12 Mountain West Commercial | Office 801.456.8800 | www.mtnwest.com
Source: EDCUtahUtah
Idaho
Arizona
Nebraska
Mississippi
Texas
South Dakota
-18,900 ( -12.3%)
Alabama
U.S.
Source: 2021 Economic Report to the Governor by the Utah Economic Council
Mountain West Commercial | Office 801.456.8800 | www.mtnwest.com 132021: POISED FOR A STRONG RECOVERY
“Utah’s decade long expansion, the longest on record, ended in 2020 with the emergence of
COVID-19. The public health crisis presented the greatest challenge to the Utah economy since the
Great Recession. In the early spring, the forecast for 2020 was bleak as the unemployment rate in
April climbed to roughly 10%. But as the year unfolded, the resiliency of the Utah economy was on full
display. By November, Utah’s year-over employment was down -0.2%, one of the smallest employment
declines of any state, and the unemployment rate had dropped to 4.3%. Nationwide employment was
-6.0% and the unemployment rate was 6.7%. Although the job market in Utah has fared better than in
any other state, not all industries escaped the impact of COVID-19.
Tourism has been hard hit, with national park visits down 32%. Bryce Canyon suffered the worst decline
with a drop of 32% in visitations. Third-quarter data for accommodations services (hotels and motels)
show a drop of 22% in lodging. Restaurants and fast food establishments have also been hurt, but the
impact appears to be less than expected. Take-out and delivery have given some buffer to sit-down
restaurants. Retail sales activity overall has been surprisingly strong. The 2020 forecast for taxable
retail sales shows an increase of 13.3%, with building and garden establishments and grocery stores
particularly strong.
M
Utah exports in 2020 are forecast to reach $17.6 billion, the third-highest year on record. Notably, Trade,
the value of other export commodities (excludes gold) at $8.7 billion will be the highest ever, with
electronics and agricultural products among Utah’s major export products. The forecast for residential Fin
construction shows a record of 30,745 dwelling units, surpassing the previous record high of 28,285 in Professional & Bu
2005. The value of residential construction will top $6.3 billion. The housing boom in apartments and Education & H
condominiums continues, and single-family construction will have the best year since 2006. Housing Leisur
demand has not slowed with COVID-19, as historically low mortgage rates attract buyers to the
market. The strong demand has pushed up housing prices. The median sales price of a single-family
home in Utah will be up by 11% to $385,000 in 2020. The construction boom includes nonresidential
construction with $2.3 billion in value in 2020. The total value of permit authorized construction
(residential, nonresidential, and additions, alteration and repairs) will be $10.3 billion in 2020, a record 80,000
year as well.
60,000
While the public health crisis has been tragic, the impact of the pandemic on the Utah economy has 40,000
been much milder than initially expected. And a strong recovery is forecast for 2021, with employment
increasing by 58,000 jobs, which would be the largest single-year increase in employment in Utah’s 20,000
history.”
0
Source: 2021 Economic Report to the Governor by the Utah Economic Council
-20,000
1980
1982
1984
DUTCH BROS. COFFEE
14 Mountain West Commercial | Office 801.456.8800 | www.mtnwest.com 8.0% 2.0
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020*
* 2020 national park visits are estimated. 2020 skier days will be released in June 2020. Skier days include the season that begins with the year shown
(e.g., 2019 = 2019–2020 ski season).
Source: U.S. National Park Service and Ski Utah
HACHMAN INDEX OF ECONOMIC DIVERSITY
Hachman index of Diversity
2019
According to the Hachman
Index, a measure of economic
diversity, Utah and Missouri Mining led - 700 (- 7.2%) $20 $19.0 $19.3 Gold All Other Commodities 90.9
OR
MN
the nation in economic diversity
Construction OR5,900 (5.4%) 93.8
$17.3 $17.6
93.1 $16.1
in 2018 with scoresManufacturing
of 97.1 and - 1,400 (- 1%) WI
$15 91.2 $14.4
96.8, respectively, based on $13.3
Trade, Trans., Utilities - 2,900 ( - 1%) $12.2 MI $12.1 $11.6
gross domestic product by
Information - 1,200 (- 3%)
91.3 PA
95.4
industry. A higher score, closer $10 IL
OH
Financial Activity 3,300 (3.6%) UT 93.2
to 100, indicates more economic 97.3 CO
95.6
Professional & Business Services 600 (0.3%) 93.8 KS MO
diversity. A timely example CA
90.7 96.7
Education & Health Services
2020: Historically challenging year 2021: Poised for a strong recovery
- 1,000
92.7 ( - 0.5%) $5
of the advantage of diversity TN
NC
Leisure & Hospitality -18,900 ( - 12.3%) AZ 93.8
is the impact of globalization 96.1
92.4 SC
Other Services - 1,400 ( - 3.4%) 90.1
and tariffs on state economies. $0 AL GA
Government - 4,400 ( - 1.7%) 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020e
Those states with employment 90.3 96.5
Utah exports in 2020 are forecast to reach $17.6 billion, the prices. The median sales price of a single-family home in Utah
concentrations in auto, textiles,
third-highest year on record. Notably, the value of other export will be up by 11% to $385,000 in 2020. The construction boom
or steel production experienced
commodities
severe (excludes
job losses. gold) at $8.7 billion will be the highest includes
$12,000 nonresidential construction with92.1 $2.3 billion in value in
FL
Mining - 700 (- 7.2%) $20 80,000
$19.0 $19.3 In contrast,
Net Migration
Gold All Other Commodities Residential Nonresidential
ever, with electronics
Utah’s economic diversity and
Natural agricultural
Increase products among Utah’s
$17.3 $17.6 2020. The total value of permit authorized construction (residential,
Construction 5,900 (5.4%) Population Change $10,000 Additions/Alterations/Repairs Total Value
major export
60,000 $16.1 The forecast for residential construction
products. nonresidential, and additions, alteration and repairs) will be $10.3
Manufacturing - 1,400 (- 1%) provided added protection from
$14.4the previous
Trans., Utilities - 2,900 ( - 1%) theshows
$15 a record
negative of 30,745
impacts dwelling
of tariffs. $13.3 units, surpassing billion
$8,000in 2020, a record year as well.
Source: Kem C. Gardner Policy Institute analysis of U.S. Bureau of Economic Analysis GDP data
record high of 28,285 in$12.2
40,000 $12.1 of
2005. The value residential construction
$11.6 While the public health crisis has been tragic, the impact of
Information - 1,200 (- 3%) $6,000
will
$10 top $6.3 billion. The housing boom inxapartments
viii
and
2021 ECONOMIC
the pandemic on the Utah economy has been much milder than
REPORT TO THE GOVERNOR
nancial Activity 3,300 (3.6%) 20,000
condominiums continues, and single-family construction will initially
$4,000 expected. And a strong recovery is forecast for 2021, with
usiness Services 600 (0.3%)
have the0best year since 2006. Housing demand has not slowed employment increasing by 58,000 jobs, which would be the largest
Health Services - 1,000 ( - 0.5%) $5 COVID-19, as historically low mortgage rates attract buyers $2,000
with single-year increase in employment in Utah’s history.
re & Hospitality -18,900 ( - 12.3%)
Other Services - 1,400 ( - 3.4%)
to the
UTAH market.
VALUE
-20,000 The strong
OF demand
NEWhas pushed up housing
CONSTRUCTION, UTAH$0
NATIONAL PARK AND SKIER
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
2014
2016
2018
$0
Government - 4,400 ( - 1.7%) $ MILLIONS
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020e VISITS, MILLIONS
Utah Value of New Construction, $ millions Utah National Park and Skier Visits, millions
8.0% 2.6% long-term average 12
$12,000 National Park Visits
Net Migration Residential Nonresidential
Natural Increase 6.0% Skier Days
Additions/Alterations/Repairs Total Value 10
Population Change $10,000
4.0%
8
$8,000
2.0%
6
$6,000
0.0%
4
-2.0%
$4,000
2
-4.0%
$2,000
0
-6.0% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020*
$0
1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
2014
2016
2018
2020
* 2020 national park visits are estimated. 2020 skier days will be released in June 2020.
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
2014
2016
2018
Skier days include the season that begins with the year shown
(e.g., 2019 = 2019–2020 ski season).
-1.0% Utah Source: U.S. National Park Service and Ski Utah
Source: 2021 Economic Report to the Governor by the Utah Economic Council
.6% long-term average 12
-1.1% Idaho
Mountain West Commercial | Office 801.456.8800 | www.mtnwest.com 15
National Park Visits -2.2% Arizona*Not actual photo of property
DUTCH BROS
COFFEE
GROUND
LEASE
INVESTMENT
322 12TH STREET
OGDEN, UTAH 84404
PREPARED BY
RYAN STEWART
rstewart@mtnwest.com
direct 801.578.5541
View Profile
SCOTT BRADY
sbrady@mtnwest.com
direct 801.456.8804
View Profile
312 East South Temple, Salt Lake City, UT 84111
Office 801.456.8800 | www.mtnwest.comYou can also read
