Investment Overview

Marcus & Millichap’s Brown Retail Group has been selected to exclusively market for sale a successful 2018 construction Ulta Beauty store located in Walla Walla, WA. The Property benefits from being located within Walla Walla Town Center amongst a variety of other national retailers including Ross, Marshalls, Hobby Lobby, Bed Bath & Beyond, Famous Footwear, Mattress Firm, MOD Pizza, and more. Walla Walla Town Center is the premier shopping center within a 50-mile radius. The Property features over 5 years of remaining lease term and is corporately guaranteed by Ulta Beauty, Inc. The NNN lease features minimal Landlord responsibilities which include only the roof and structure. This Ulta Beauty location has seen more than a 15% increase year-over year in foot traffic and boasts nearly 30,000 visitors a year. Ulta Beauty operates over 1,300 stores across all 50 states, saw 17% year-over-year sales growth, and projects full 2022 fiscal year net sales of $9.95 Billion.