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Miscellaneous

Ulta Beauty | 2018 Construction | Corporate Guarantee (NASDAQ: ULTA)

1634 W Poplar St, Walla Walla, WA 99362

Listing Price: $3,165,000

Cap Rate
6.50%
Tenant Name
Ulta Beauty
Years Remaining On Lease
0.4
Guarantor
Corporate Guarantee
Rentable SF
9,705
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$21.20

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.

Investment Highlights

  • STRONG CORPORATE GUARANTEE/NATIONAL TENANT
  • HIGH-QUALITY 2018 CONSTRUCTION
  • STRONG RETAIL TRADE AREA
  • LIMITED BEAUTY STORE COMPETITION
  • MINIMAL LANDLORD RESPONSIBILITIES
  • HIGH FOOT TRAFFIC LOCATION
  • INCOME TAX-FREE STATE

Exclusively Listed By

Miscellaneous

Ulta Beauty | 2018 Construction | Corporate Guarantee (NASDAQ: ULTA)

Listing Price: $3,165,000

Cap Rate
6.50%
Tenant Name
Ulta Beauty
Years Remaining On Lease
0.4
Guarantor
Corporate Guarantee
Rentable SF
9,705
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$21.20

Investment Highlights

  • STRONG CORPORATE GUARANTEE/NATIONAL TENANT
  • HIGH-QUALITY 2018 CONSTRUCTION
  • STRONG RETAIL TRADE AREA
  • LIMITED BEAUTY STORE COMPETITION
  • MINIMAL LANDLORD RESPONSIBILITIES
  • HIGH FOOT TRAFFIC LOCATION
  • INCOME TAX-FREE STATE

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.

Exclusively Listed By

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