ROSS & STAPLES 4043 RIVERDALE ROAD OGDEN, UTAH 84405 - BEN BROWN - Mountain West Commercial Real Estate
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ROSS & STAPLES BEN BROWN CHAD MOORE BRANDON GOODMAN
bbrown@mtnwest.com cmoore@mtnwest.com
4043 RIVERDALE ROAD direct 801.456.8802 direct 801.456.8801
bgoodman@mtnwest.com
direct 801.746.4708
OGDEN, UTAH 84405 View Profile View Profile View Profile
TABLE
OF CONTENTS
INVESTMENT
4 HIGHLIGHTS
6 INVESTMENT
SUMMARY
PROPERTY
7 FEATURES
8 TT MAP
16 TENANT PROFILES
17 DEMOGRAPHICS
ROSS & STAPLES
2 Mountain West Commercial | Office 801.456.8800 | www.mtnwest.com
ROSS &
STAPLES CONFIDENTIALITY AND DISCLOSURE
4043 RIVERDALE ROAD Mountain West Commercial Real Estate has been retained on an exclusive basis to market the property
OGDEN, UTAH 84405 described as 4043 Riverdale Road, Ogden, Utah 84405. Broker has been authorized by seller of the
property 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 request following the mutual execution of a letter of intent or contract to purchase
PREPARED BY between the Seller and 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
BEN BROWN with you, you will be asked to provide financial references. The eventual purchaser will be chosen based
bbrown@mtnwest.com
upon an assessment of price, terms, ability to close the transaction and such other matters as the Seller
direct 801.456.8802
View Profile deems appropriate.
The Material is intended solely for the purpose of soliciting expressions of interest from qualified investors
CHAD MOORE for the acquisition of the Property. The Material is not to be copied and /or used for any other purpose or
cmoore@mtnwest.com made available to any other person without the express written consent of Broker or Seller. The Material
direct 801.456.8801
does not purport to be all-inclusive or to contain all of the information that a prospective buyer may
View Profile
require. The information contained in the material has been obtained from the Seller and other sources
and has not been verified by the Seller or its affiliates, agents, representatives, employees, parents,
BRANDON GOODMAN subsidiaries, members, managers, partners, shareholders, directors, or officers, makes any representation
bgoodman@mtnwest.com or warranty regarding such pro forma. Purchaser must make its own investigation of the Property and any
direct 801.746.4708
View Profile 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
INVESTMENT HIGHLIGHTS
• Ross exercised their next 5-year option early to
extend through January 2026 for $12.50/sf.
• One of the top performing Ross locations in the
market.
• Staples has experienced a big increase in sales
because of COVID-19 with people working from
home and home schooling.
• The property sits on 6.94 acres of land and provides
a nice covered land play for future redevelopment.
• HIGH TRAFFIC COUNTS
The subject property is located on one of the
busieststreets in Utah called Riverdale Road with
54,132 ADT (2018).
• GOOD DEMOGRAPHICS
There are 84,392 people within a 3-mile radius,
with an average HH income of $56,716 within the
same range. Riverdale is working on plans to add
hundreds of new single-family homes, townhomes,
and apartment units over the next few years.
• STRONG RETAIL TRADE AREA
Riverdale is arguably the best retail corridor in
both Weber & Davis Counties. Riverdale Road
extends from I-15 to Hwy 89 and is approximately
4 miles long, and has some of the largest retailers
including, but not limited to: Walmart, Sam’s
Club, Target, At Home, Sears, RCWilley, Best Buy,
Ross, Staples, Home Depot, Lowes, Sportsman’s
Warehouse, TJMaxx, JCPenney, Costco, etc.
ROSS & STAPLES
4 Mountain West Commercial | Office 801.456.8800 | www.mtnwest.com
ROSS & STAPLES 5 Mountain West Commercial | Office 801.456.8800 | www.mtnwest.com
INVESTMENT SUMMARY
PRICING ANALYSIS NEW DEBT ASSUMPTIONS
INCOME:
PRICING ANALYSIS NEWDownDEBTPayment
ASSUMPTIONS 35.00% $3,013,500
Gross Potential Income $603,549 Loan Amount 65.00% $5,596,500
INCOME:
NNN Income $122,382 Down Payment
Interest Rate 35.00% $3,013,5003.85%
GrossGROSS
Potential Income
INCOME $603,549
$725,931 LoanLoan
Amount
Term 65.00% $5,596,500
10-Years
NNNVacancy
Income $122,382Actual Interest Rate
Amortization Term (Years) 3.85% 25
GROSSEFFECTIVE
INCOME GROSS INCOME $725,931
$725,931 LoanFunding
Term Month 10-Years
1/1/2020
Vacancy Actual Amortization Term (Years)
Debt Coverage Ratio (DCR) 25 1.66
EFFECTIVE
EXPENSES GROSS INCOME $725,931 Funding Month
Monthly Debt Service 1/1/2020
($29,079)
Building Maintenance ($1,200) 1200 DebtAnnual
Coverage
DebtRatio (DCR)
Service 1.66
($348,946)
EXPENSES
Parking Lot ($22,539) 22538.7 Monthly Debt Service ($29,079)
Building Maintenance
Grounds ($17,400) 1200
($1,200) 17400 Annual Debt Service
RETURN METRICS - YEAR 1 ($348,946)
Parking
SteamLot Cleaning ($4,000)22538.74000
($22,539) Cash Flow Before After Debt Service $231,985
Grounds
Snow Removal ($10,394) 17400
($17,400) 10394.1 RETURN
CashMETRICS - YEAR- 1Year 1
On Cash Return 7.70%
Steam Cleaning
Roof Repair ($4,000) $0 4000 0 Cash Flow Before After Debt Service $231,985
SnowJanitorial
Removal ($6,080)10394.16080
($10,394) CashLEASING
On Cash Return - Year 1
& COMMISSIONS 7.70%
RoofSecurity/Fire
Repair Protection $0
($2,400) 02400 Tenant Name TI's PSF Total TI's Broker Commissions Total
Janitorial
HVAC ($6,080) $0 6080 0 LEASING & COMMISSIONS
Security/Fire
ElectricityProtection ($5,860) 24005860
($2,400) Tenant Name TI's PSF Total TI's Broker Commissions Total
HVAC Water & Sewer $0
($4,026) 0
4025.93
Electricity
Storm Drain ($5,860)
($3,000) 58603000
Water & Sewer
Refuse ($4,026) $0 4025.93 0
Storm Drain
Real Estate Taxes ($3,000)
($46,401) 3000
46401.32 Totals $ - $ - $0 $0
Refuse
Insurance $0
($21,700) 0
21700
Real TOTAL
Estate Taxes
EXPENSES ($46,401)
($145,000)46401.32
145000.03 Totals $ - $ - $0 $0
Insurance ($21,700) 21700
TOTALNET EXPENSES
OPERATING INCOME ($145,000)
$580,931145000.03
Cap Rate 6.75%
NET PURCHASE
OPERATINGPRICE INCOME $580,931
$8,610,000
Cap Rate
Price PSF 6.75%
$139.97
PURCHASE PRICE $8,610,000
Price PSF $139.97
NNN INCOME LEASE TERMS WITH OPTIONS & ESCALATIONS
SUITE # TENANT NAME SQ. FT. % GLA LEASE TYPE
PSF ANNUAL TERM START EXPIRES PSF MONTHLY ANNUAL
124-0100 Staples 26,057 42.36% NNN $2.03 $52,928 Contract 4/11/97 4/30/24 $8.75 $19,000 $227,999
Option 1 5/1/24 4/30/29 $14.85 $32,246
Option 2 5/1/29 4/30/34 $16.34 $35,481
123-0110 Ross Dress For Less 30,044 48.84% NNN $2.31 $69,454 Contract 10/15/00 1/31/21 $12.50 $31,296 $375,550
Rent Bump 2/1/21 1/31/26 $12.50 $31,296
Option 1 2/1/26 1/31/31 $13.25 $33,174
Vacant (decommissioned) 5,414
TOTALS 61,515 100.00% $1.99 $122,382 $9.81 $50,296 $603,549
Occupied 61,515 100.00%
Vacant 0 0.00%
Physical Occupancy 56,101 91.20%
Physical Vacancy 5,414 8.80%
PROPERTY FEATURES & LAND OVERVIEW
PROPERTY FEATURES
Location Parking
4043 Riverdale Road The subject property provides 305
Ogden, Utah 84405 total parking stalls, which equates
W
to 5.49 spaces per 1,000 SF parking
250
Site
Located on the northwest side of ration, with cross easement parking
Riverdale Road, north of RC Willey Frontage & Access
and Bed Bath & Beyond, southwest The subject property has 348 feet
of the intersection of Riverdale Road of frontage along Riverdale Road.
and Wall Ave/40th Street The shared access points to the
PACIFIC AVE
Land Area subject property are three (3) along
Consists of 6.94 Acres or 302,306 SF Riverdale Road and one (1) along
of land area the backside of the property along
Pacific Avenue.
Building Area
The subject property consists Traffic Counts: 6.94 AC
of 1 retail building totaling Riverdale Road: 54,132 ADT (2018)
approximately 55,470 SF of gross Year Built:
leasable area 2010
Zoning:
CP-3
LAND OVERVIEW
T
AD
32
,1
APN # ADDRESS ACRES SF
54
RD
E
30
051390118 4043 Riverdale Road 6.94 302,306
AL
0
RD
W
VE
RI
F:\Projects\SL\Brown\Riverdale\RossPkg\Parcel.mxd - 6/8/2020 lplant
ROSS & STAPLES
7 Mountain West Commercial | Office 801.456.8800 | www.mtnwest.com
S
REEVES AVE
T 25
AD 31
26 ST
9,1 HEALY
OGDEN SENIOR
VILLA
32 UNITS
T EB S
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KIESEL AVE
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26,708 A 32ND ST
AV E
4,188 ADT
31ST ST 3265
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OGDEN AVE
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STEPHENS AVE
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RAIL
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ODYSSEY SCHOOL
571 STUDENTS
33RD ST
35,329 ADT
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GRANT AVE
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34TH ST
LINCOLN AVE 1,762 ADT
FRANKLIN ST
T
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72
35TH ST
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10
26,171 ADT
LINCOLN PLACE
40,000 SF
(
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LINCOLN PLACE
20,000 SF
(
36TH ST 11,614 ADT 36TH ST 18,650 ADT 16,258 ADT
PACIFIC AVE
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OGDEN AVE
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16,493 ADT
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Mountain West Commercial | Office 801.456.8800 | www.mtnwest.com
150
0W
24,274 SF
100
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AREA OVERVIEW
WEBER STATE UNIVERSITY
The subject property is located within 2.4 miles of Weber State University, with an
enrollment of 26,681 students and 820 administrative staff. Weber State University
offers more than 250 certificate and degree programs in the performing arts, visual
arts, humanities, science, applied science and technology, business and economics,
education, social and behavioral sciences, and the health professions. Master’s degrees
are offered in accounting, athletic training, business administration (MBA), professional
communication, computer engineering, criminal justice, education, English, radiologic
sciences, health administration, nursing, and taxation.
NEAR MAJOR SKI RESORT
Riverdale is 24-miles away from the famous Snowbasin Resort. The resort opened back
in 1939 as part of an effort by the city of Ogden to restore the Wheeler Creek watershed
and is one of the oldest continually operating ski resorts in the United States. During
the 2002 Winter Olympics, Snowbasin hosted the downhill, combined (downhill and
slalom), and super-G events.
PROXIMITY TO HILL AIR FORCE BASE
Hill Air Force Base is the 6th largest employer in Utah, excluding the state government
and higher education employers. There are 27,365 total personnel within Hill Air Force
Base, including 5,636 military, 5,591 military dependents and 16,138 civilians. Hill Air
Force Base has an annual federal payroll of $1.34 billion, and annual expenditures of
$710 million. Annually, Hill Air Force Base creates approximately $1.29 billion in jobs
created with a total of $3.34 billion in total annual economic impact.
OGDEN HINKLEY AIRPORT
Ogden-Hinckley Airport (OGD) is a municipal airport with commercial flights, general
aviation service, and affordable, high-quality space for other aviation and aerospace
uses. Ogden-Hinckley Airport hosts operations for several aerospace and defense
companies, including Northrop Grumman, Williams International, and Boresight.
Ogden is home to a growing aerospace and advanced manufacturing cluster, and our
airport shares airspace with nearby Hill Air Force Base. Existing hangars and build-to-
suit options at the Kemp Ogden Gateway Center make Ogden-Hinckley Airport an
ideal location for aviation and aerospace companies.
Photo Source: visitogden.com
SOUTH WEST FACING
TT MAPNORTH FACING
TT MAP2020 UTAH OUTLOOK
“The Utah economy continues to prosper. Like the nation, the state’s decade-
long economic expansion became the longest on record in 2019. Every major
industrial sector expanded over the last year, adding 45,600 new jobs to the
economy. The annual employment growth rate of 3.0 percent in 2019 was at the
state’s long-term average and among the strongest in the nation.
Fueled by record-level residential and near-record commercial activity,
Utah’s construction sector added 4,500 jobs and posted the state’s fastest
pace of job growth in 2019, 4.3 percent. The boom in the multifamily sector,
primarily apartment construction, drove a 10.9 percent increase in the value
of all permit-authorized residential construction to $5.7 billion. The value of
permitauthorized nonresidential construction grew 6.2 percent in 2019 to $2.3
billion, the highest posting since 2016’s $2.7 billion.
Low unemployment and rising wages for Utahns, along with an increase in
travel and tourism activity, supported strong job growth of 4.1 percent in the
state’s leisure and hospitality sector over the past year. Above-average snowfall
and an extended 2018-2019 ski season led to a record $1.4 billion in skier
spending. With increased marketing emphasis on places to visit in addition to
the Mighty 5® national parks, Utah’s state parks hosted a record number of
visitors in 2019.
Utah’s population grew by 53,600 to reach 3.2 million in 2019. About 47 percent
of this growth came from net in-migration as people moved to the state to take
advantage of economic opportunity. Natural increase continued to generate
the majority of growth, 53 percent, despite births dropping to the lowest level
since 2000.
The consensus forecast predicts increasing uncertainty and moderation, but
still healthy growth for the Utah economy. Internal risks in 2020 and beyond
include a tight labor market, increasing costs, housing affordability, declining
fertility rates, and air quality. Externally, a late U.S. business cycle, trade
tensions, and geopolitical instability add risk to the forecast.
State tax cuts and infrastructure spending present an upside risk for the 2020
Utah economy. Favorable demographics, a supportive business climate, and
economic diversity will continue to advantage the economy. As long as major
risks to the national expansion are not realized, Utah’s economy will once again
be one of the top performing economies in the nation in 2020.”
Source: 2020 Economic Report to the Governor by the Utah Economic Council
ROSS & STAPLES
12 Mountain West Commercial | Office 801.456.8800 | www.mtnwest.com$4,000
$4,000
44
$2,000
$2,000
HACHMAN INDEX OF ECONOMIC DIVERSITY 22
$- $-
00
2000
2000
2001
2001
2002
2002
2003
2003
2004
2004
2005
2005
2006
2006
2007
2007
2008
2008
2009
2009
2010
2010
2011
2011
2012
2012
2013
2013
2014
2014
2015
2015
2016
2016
2017
2017
2018
2018
2019
2019
According to the Hachman Index, a measure of economic 2009 diversity,
2009 2010
2010 2011 Utah
2011 2012 and
2013 Missouri
2012 2013 2014
2014 2015 led2016
2015 the 2017
2016 nation
2017 2018in economic
2018 2019*
2019* diversity
in 2018 with scores of 97.1 and 96.8, respectively,*2019
based on gross domestic product by industry. A higher score,
skier days will be released in June 2020. Skier days include season that begins with
closer to
100, indicates more economic diversity. A timely year
example of the advantage of
shown (e.g. 2018 = 2018-2019 ski season).diversity is the impact of globalization and
tariffs on state economies. Those states with employment concentrations in auto, textiles, or steel production experienced
severe job losses. In contrast, Utah’s economic diversity provided added protection from the negative impacts of tariffs.
Hachman Index of Economic
Source: Diversity
2020 Economic Report
WA
to the Governor by 85.1
According to the Hachman Index, a
the Utah Economic Council MT OR
ME
ND 91.0
measure of economic diversity, Utah OR
OR
83.2 49.0 MN
MN
94.0
VT
V T 89.4
94.0
NH 94.5
94.5
and Missouri led the nation in economic 93.4
93.4 ID WI
82.3 WI NY MA89.4
MA 89.4
SD 91.5
diversity in 2018 with scores of 97.1 and WY 60.7 91.5
MI
MI
91.2
79.1 89.1
RI 89.1
32.0
96.8, respectively, based on gross domestic NE
IA
91.2 PA
PA CT
C T 91.0
91.0
75.8 95.7
95.7 NJ 93.8
product by industry. A higher score, closer NV
67.5 UT
UT
73.0 IL
IL IN
OH
OH
93.6
93.6
97.1 95.5
95.5 76.5 MD88.3
MD 88.3
to 100, indicates more economic diversity. 97.1 COCO
93.2 KS
WV
64.1 VA DE
DE56.0
56.0
CA
CA 93.2 KS MO
MO KY
A timely example of the advantage of 92.8
92.8
92.4
92.4 96.8
96.8 89.6
89.1 DC 48.9
NCNC
diversity is the impact of globalization AZ
AZ
TN 93.5
93.5
96.0 OK 92.1
92.1 SC
and tariffs on state economies. Those 96.0
NM 47.7 AR
88.1
SC
91.0
60.1 91.0
states with employment concentrations MS AL GA
GA
95.9
Hachman IndexScore
Hachman Index Score
86.3 90.6
AL 95.9 95.0
95.0 ++(Most
(MostDiverse)
Diverse)
in auto, textiles, or steel production TX 90.6 90.0-94.9
90.0 - 94.9
LA
73.6
experienced severe job losses. In contrast, 83.9 FL 85.0-89.9
85.0 - 89.9
AK 92.0
Utah’s economic diversity provided added 33.8 FL 75.0-84.9
75.0 - 84.9
92.0 < 75.0
75.0(Least
(Least Diverse)
Diverse)
protection from the negative impacts of
HI
HI
tariffs. 72.2
Note: All 2019 data is estimated.
UTAH RANKINGS
Sources: Kem C. Gardner Policy Institute; U.S. Bureau of Labor Statistics; U.S. Bureau of Economic Analysis; U.S. National Park Service; Ski Utah; Utah Economic Council; U.S. Census Bureau;
and Utah Population Committee.
Demographic State Rank3 Value Year Economic State Rank3 Value Period
Population Growth Rate 3rd 1.9% 2018 Employment Change1,2,4 2nd 2.7% Highlights
August -19 Annual
Total Fertility Rate 2nd 2.12 2017 Unemployment Rate1,2 8th 2.8% August -19
Life Expectancy 10th 80.2 2010 Median Household Income 7th $77,067 2018
Median Age 1st 31.0 2018 Per Capita Personal Income 41st $45,340 2018
Household Size 1st 3.13 2017 Total Personal Income (% Change) 14th 4.4% Q1-19 Annual
Social Indicators Notes:
1. Rankings are based on the most recent data available for all states; may
Poverty Rate 6th 9.7% 2017 differ from other data.
Educational Attainment 2. Job growth and unemployment rates are based on seasonally adjusted data
from the Bureau of Labor Statistics and may differ from estimates published
Persons 25+ w/high school degree 10th 92.1% 2017 by other sources.
Persons 25+ w/high school degree 12th 34.6% 2017 3. Rank is most favorable to least favorable.
4. Employment change based on nonfarm employment totals.
Source: 2019 September Economic Summary by the Kem C. Gardner Policy Institute at the University of Utah
Mountain West Commercial | Office 801.456.8800 | www.mtnwest.com 13drove a 10.9 percent increase in the value of all permit-authorized
residential construction to $5.7 billion. The value of permit-
authorized nonresidential construction grew 6.2 percent in 2019 to
2019
$2.3 billion, JOB GROWTH
the highest posting since 2016’s $2.7 billion.
Low unemployment and rising wages for Utahns, along with an
increase
“Utah’s in travel
economy and tourism
continued activity,
to grow in supported
2019. While strong
national gains job
were growth
modest, Utah remained among
of 4.1 percent in the state’s leisure and hospitality sector over the double the national
the fastest-growing states. The state posted yearover-year job growth at 3.0%, near
increase of 1.6%. This corresponds to more than 45,600 jobs added to Utah’s economy. In 2019 the
past year. Above-average snowfall and an extended 2018-2019 ski
Economic Development Corporation of Utah and the Utah Governor’s Office of Economic Development
Nevada
Nevada 3.3%
3.3%
season
worked led to atorecord
together support$1.4 billion intoskier
42 companies spending.
relocate or expandWith increased
in Utah, adding over 9,500 jobs to the
marketing
state’s Utah emphasis
economy
Utah on places
and retaining to visit
over 3,500 in addition
additional to the
jobs. These Mighty
companies
3.0%
3.0% 5® capital investments in
made
Utah totaling more than $500 million.”
Arizona
Arizona
Nevada 2.6%
2.6% 3.3%
Source: 2020 Economic Report to the Governor by the Utah Economic Council
Florida
Florida
States with Strongest Job Growth, 2018–2019
Utah 2.5%
STATES WITH THE STRONGEST JOB GROWTH 2018-2019
2.5% 3.0%
Washington
Washington
Arizona 2.5%
2.5%
2.6%
Nevada 3.3%
Idaho
Idaho
Florida 2.4%
2.4%
2.5%
Utah 3.0%
Texas
Texas
Washington 2.5%
2.5%
2.5%
Arizona 2.6%
South
South
Dakota
Dakota
Idaho 2.1%
2.1% 2.4%
Florida 2.5%
U.S.
U.S.
Texas 1.6%
1.6% 2.5%
Washington 2.5%
South Dakota 2.1%
Idaho 2.4%
U.S. 1.6%
Texas 2.5%
South Dakota 2.1%
U.S. 1.6%
Government,
Government,16.2%
16.2% Mining,
Mining,0.6%
0.6%
Total Share
Services,
2.7% of Utah Jobs by Sector, 2019
2019 BUSINESS CLIMATE
Other
Other
Services, 2.7% Construction,
Construction,
7.0%
7.0%
Leisure
Leisure
&& Manufacturing,
Manufacturing,8.8%
8.8%
Government,
Hospitality,
Hospitality, 16.2%
9.9%
9.9% Mining, 0.6%
“Utah’s young,2.7%
Other Services, 2019
2019
educated workforce total
totalto grow, state Construction,
continues and local governments
7.0% remain fiscally
responsible and stable, and the cost of doing business remains lower than the national average.
Utah continues
job
jobcount:
count:
Leisureto& receive recognition as a leading global business destination,
Manufacturing, 8.8% enjoying accolades
Education
Education& Health
& Health
from national16.2%
Government,
Hospitality, 1.56
sources like Forbes,
9.9% 1.56 million
million
which Trade,
has ranked Utah theTrade,
#1 Trans.,
Trans.,
Best
Mining, State for Business in six of
0.6%
the
Services,
Services,
past
13.4%
13.4%
nine years 2019 total Utilities,
Utilities,
18.7%
18.7%
Other Services, 2.7% and second in 2018. In November, Forbes also named
Construction, Utah the Best State for
7.0%
Entrepreneurs in 2020. Utah also ranked job count:
fourth on CNBC’s “America’s Top States for Business 2019.”
Factors that
Education contribute
Leisure
& Health
Professional
Professional & to this ranking include the economy, Manufacturing,
high quality
Trans., of8.8%
life, business friendliness,
andHospitality,
quality
Services,infrastructure.”
9.9%
13.4%
& Business
& Business
1.56 million Trade,
Information,
Information, 2.5%
2.5%
Utilities, 18.7%
Services,
Services,
14.4%
14.4% 2019 total Financial
Financial
Activity,
Activity,
5.8%
5.8%
Source: 2020 Economic Report to the Governor by the Utah Economic Council
job count:
Professional
Education &ROSS
Health& STAPLES
14 & Business
Services,
1.56 million Trade, Trans.,2.5%
Information,
13.4% West Commercial | Office 801.456.8800 | www.mtnwest.com
Mountain Utilities, 18.7%
Services, 14.4% Financial Activity, 5.8%2019 TRENDS
Utah’s strategic industry clusters employed over 258,000 Utahns in 2019, up from 247,000
in 2018, demonstrating 4.2% growth. Utah’s industry clusters include aerospace and
defense, energy and natural resources, financial services, life sciences, outdoor products,
and software development and information technology. Utah-based companies raised
$998 million in venture capital in 2018. Strong investment activity continued in 2019, with
companies raising over $1.2 billion as of November 19th. Utah also saw nearly $9.3 billion
worth of mergers and acquisitions by November 19, 2019.
*Source: 2020 Economic Report to the Governor by the Utah Economic Council
UTAH EMPLOYMENT GROWTH, LEVEL AND
PERCENT 2018–2019
+45,600 jobs
Mining 200 (2.1%)
Construction 4,500 (4.3%)
Manufacturing 4.500 (3.4%)
Trade, Trans., Utilities 6,200 (2.2%)
Information 1,400 (3.6%)
Financial Activity 2,400 (2.8%)
Professional & Business Services 8,200 (3.8%)
Education & Health Services 6,100 (3%)
Leisure & Hospitality 6,100 (4.1%)
Other Services 1,100 (2.7%)
Government 4,900 (2%)
*Source: 2020 Economic Report to the Governor by the Utah Economic Council
Mountain West Commercial | Office 801.456.8800 | www.mtnwest.com 15TENANT PROFILES
WEBSITE www.rossstores.com WEBSITE www.staples.com
OWNERSHIP Public OWNERSHIP Private
LOCATIONS 1,480 LOCATIONS 1,117
HEADQUARTERS Dublin, California HEADQUARTERS Farmingham, MA
Ross Dress for Less is the largest off-priced retail chain in the U.S. Their Staples is the world’s largest supplier of office products and related
buyers work directly with manufacturers to negotiate the best deals. With services to consumers and businesses. The company operates about
their “no frills” concept, they pass more savings on to the customer. Ross 1,117 office-supply superstores and also sells products through catalogs,
Dress for Less began in 1982 in Dublin, California with a single store. Since Web sites, and a direct sales force. Staples operates in 21 countries.
then, they have grown to 1,480 stores in 38 states, including the District of In 1986 Staples invented the office supply superstore. Each Staples
Columbia and Guam. superstore carries over 7,000 brand name products for businesses and
home offices, including supplies, furniture, small business machines,
computers and peripherals – all at Guaranteed Low Prices. In addition,
each store features a full–service print and marketing center, UPS
Authorized Shipping Outlet, furniture and design services.
ROSS & STAPLES
16 Mountain West Commercial | Office 801.456.8800 | www.mtnwest.comDEMOGRAPHICS
POPULATION BUFFERS - 1, 3, 5 MILES
Farr West
Harrisville
1 MILE 3 MILES 5 MILES
10,626 84,392 170,702 Marriott-Slaterville
2020 EST. 2020 EST. 2020 EST.
POPULATION POPULATION POPULATION
1 MILE 3 MILES 5 MILES 5 Miles
11,680 92,838 186,408
2025 EST. 2025 EST. 2025 EST.
POPULATION POPULATION POPULATION West Haven
Ogden 3 Miles
&
'
%
15
FRONTRUNN ER
1 Mile
+
,
89
^
HOUSEHOLDS & MEDIAN INCOME
^
1 MILE 3 MILES 5 MILES
Riverdale
3,807 31,732 61,766 Roy
2020 EST. 2020 EST. 2020 EST. Washington
Terrace
HOUSEHOLDS HOUSEHOLDS HOUSEHOLDS
South Ogden
Hooper
1 MILE 3 MILES 5 MILES &
'
%
84
$57,913 $56,716 $62,853 Uintah
Clinton Sunset
2020 EST. 2020 EST. 2020 EST.
INCOME INCOME INCOME South Weber
West Point
Clearfield
Syracuse Layton
F:\Projects\SL\Brown\Riverdale\RossPkg\DemoRings.mxd - 5/14/2019 lplant
Mountain West Commercial | Office 801.456.8800 | www.mtnwest.com 17ROSS &
STAPLES
4043 RIVERDALE ROAD
OGDEN, UTAH 84405
PREPARED BY
BEN BROWN
bbrown@mtnwest.com
direct 801.456.8802
View Profile
CHAD MOORE
cmoore@mtnwest.com
direct 801.456.8801
View Profile
BRANDON GOODMAN
bgoodman@mtnwest.com
direct 801.746.4708
View Profile
312 East South Temple, Salt Lake City, UT 84111
Office 801.456.8800 | www.mtnwest.comYou can also read
