HARBOR FREIGHT AT TOOELE TOWN CENTER - MAIN STREET (SR-36) & 1000 NORTH TOOELE, UTAH 84074 - Mountain ...
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OPENING FOR BUSINESS JULY 2021
HARBOR FREIGHT AT
TOOELE TOWN CENTER BEN BROWN J.R. HOWA SCOTT BRADY
bbrown@mtnwest.com jhowa@mtnwest.com sbrady@mtnwest.com
MAIN STREET (SR-36) & 1000 NORTH direct 801.456.8802 direct 801.578.5545 direct 801.456.8804
TOOELE, UTAH 84074 View Profile View Profile View Profile
TABLE
OF CONTENTS
4 EXECUTIVE SUMMARY
& HIGHLIGHTS
6 PROPERTY FEATURES
& LAND OVERVIEW
7 SITE PLAN
8 MAPS
9 TENANT PROFILES
16 DEMOGRAPHICS
HARBOR FREIGHT AT TOOELE TOWN CENTER
2 Mountain West Commercial | Office 801.456.8800 | www.mtnwest.com
HARBOR
FREIGHT CONFIDENTIALITY AND DISCLOSURE
MAIN STREET (SR-36) & 1000 NORTH Mountain West Commercial Real Estate has been retained on an exclusive basis to market the property
TOOELE, UTAH 84074 described as Main Street (SR-36) & 1000 North, Tooele, UT 84074. 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
J.R. HOWA for the acquisition of the Property. The Material is not to be copied and /or used for any other purpose or
jhowa@mtnwest.com
direct 801.578.5545
made available to any other person without the express written consent of Broker or Seller. The Material
View Profile 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 subsidiaries, members, managers, partners, shareholders, directors, or officers, makes any representation
direct 801.456.8804 or warranty regarding such pro forma. Purchaser must make its own investigation of the Property and any
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
EXECUTIVE SUMMARY & HIGHLIGHTS
INVESTMENT HIGHLIGHTS
PRICING
• 15,000 SF Single Tenant Harbor Freight Investment next to a grocery anchored center that
PURCHASE PRICE $2,809,565
has seen a 20% growth in sales over the last 12 months
NET OPERATING INCOME $161,550 • Brand New Construction – Completion Spring/Summer of 2021
CAP RATE 5.75% • Highly Visible Location on Main Street in the Center of Tooele with a traffic count that
LEASE INFORMATION exceeds 30,000 ADT
• Located 35 Minutes from Downtown Salt Lake City
TENANT TRADE NAME Harbor Freight
Harbor Freight Tooele • Located in the 7th fastest growing county in the United States according to Tooele County
LEASE GUARANTOR Commissioner
Corp.
LEASE TERM 10 Years (2021) • The property is within a 15-minute drive time to approx. 41,735 people with an average
household income of $75,489.
LEASE TERM OPTIONS Four (4) 5 Year Options
• Lease is corporately guaranteed
LEASE TYPE Gross Lease
PROPERTY TAXES Landlord Responsible INVESTMENT OVERVIEW
INSURANCE Landlord Responsible Harbor Freight, a privately held company and one of the leading brands in the discount tool
UTILITES Tenant Responsible and equipment retailer has been expanding its presence in the Utah market. This location is
brand new construction in one of the fastest growing counties in the country according to the
PROPERTY INFORMATION Tooele Town Commissioner. Tooele has been recognized as one of the Top Ten Friendliest
1000 N Main St, Cities according to Forbes Magazine, and will continue to grow.
PROPERTY ADDRESS
Tooele, UT
LAND SIZE (AC) ~1.86 LOCATION OVERVIEW AND WHY TOOELE?
BUILDING SF 15,000 The property is situated in the center of Tooele, one of the fastest growing cities. This stelar
location allows for easy access to downtown Salt Lake City, which is only 35 minutes away,
YEAR BUILT 2021 and is within minutes of Interstate 15. The HFT is located directly adjacent to many other
popular retailers that service the Tooele market; T-Mobile, Macey’s Grocery Store, McDonalds,
AutoZone, MattressFirm and many more.
HARBOR FREIGHT AT TOOELE TOWN CENTER
4 Mountain West Commercial | Office 801.456.8800 | www.mtnwest.com
INVESTMENT SUMMARY & RENT ROLL
SHOPPING CENTER ANALYSIS PROPOSED LOAN BREAKDOWN
INCOME: Down Payment 30.00% $842,870
Gross Potential Income $197,550 Loan Amount 70.00% $1,966,696
Interest Rate 3.75%
GROSS INCOME $197,550 Loan Term 10-Years
EFFECTIVE GROSS INCOME $197,550 Amortization Term (Years) 30
Funding Month 4/1/2021
EXPENSES (2021 Budget) Debt Coverage Ratio (DCR) 1.48
Less: CAM Fee's ($15,000) Monthly Debt Service ($9,108)
Less: Insurance ($6,000) Annual Debt Service ($109,297)
Less: Property Tax ($15,000)
Less: Parking Lot $0
Less: General Repairs & Maintenance $0
NET OPERATING INCOME $161,550
Cap Rate 5.75%
PURCHASE PRICE $2,809,565
Price PSF $187.30
LEASE TERMS WITH OPTIONS & ESCALATIONS
SUITE # TENANT NAME SQ. FT. % GLA LEASE TYPE
TERM START EXPIRES PSF MONTHLY ANNUAL
1 Harbor Freight 15,000 100.00% GROSS Contract 7/1/21 6/30/31 $13.17 $16,463 $197,550
Rent Bump 7/1/26 6/30/31 $14.48 $18,104
First Option 7/1/31 6/30/36 $15.93 $19,915
Second Option 7/1/36 6/30/41 $17.52 $21,906
Third Option 7/1/41 6/30/46 $19.28 $24,096
Fourth Option 7/1/46 6/30/51 $21.21 $26,506
TOTALS 15,000 100.00% $13.17 $16,463 $197,550
Occupied 15,000 100.00%
Vacant 0 0.00%
Mountain West Commercial | Office 801.456.8800 | www.mtnwest.com 5
PROPERTY FEATURES & LAND OVERVIEW
PROPERTY FEATURES
Location: Frontage & Access: 4,758 ADT 1000 N 1,051 ADT 1000 N
972 North Main Street Access points to the center include
MAIN ST
Tooele, UT 84074 two (2) entrances off Main Street, one
Site: (1) entrance off 1000 North, and two (2) 935 N
Located on the SEC of Main Street and entrances off 100 East. The property has
1000 North approximately 997 lineal feet of frontage
along Main Street and 703 lineal feet of
Land Area: frontage along 1000 North.
Harbor Freight consists of one (1) parcel
totaling approximately 1.86 acres of land Building SF:
area 15,000 SF stand alone building on 1.86
acre parcel of land
Traffic Counts:
Main Street – 29,892 ADT
30,191 ADT
100 E
1,837 ADT
LAND OVERVIEW
APN # ADDRESS ACRES
15-038-0-0001 COM I N G
972 N MAIN STREET APPROX. 1.86
(TO BE SUBDIVIDED)
SU M M E R 2021
HARBOR FREIGHT AT TOOELE TOWN CENTER
6 Mountain West Commercial | Office 801.456.8800 | www.mtnwest.com
SITE PLAN
LM
ARCHITEC
SING BY HARBOR FREIGHT
Architecture
Landscape Architecture
Interior Designers
E D 2
A301
C B A A B C 2
A301
D E LEED Consulting
5963 South Rappahanno
Murray , Ut 84123
T.O. PARAPET 2 ph. 801.707.1132
128'-0" WFX-2 www.LMntArchitecture.c
T.O. PARAPET 38'-6" The designs shown an
126'-0" within these document
WFX-4 all technical drawings,
representation & mode
7'-8"
T.O. ROOF BEARING proprietary & can not b
120'-0" duplicated in whole or
without the express wr
SEA
L:
14'-0" CLEARANCE
UNDERSIDE OF
STRUCTURE
LEVEL 1
100'-0"
WFX-1 CLEAR ANO ALUMN. WFX-1
STOREFRONT
NORTH ELEVATION WEST ELEVATION
8' w 10'h OH DOOR
WEST ELEVATION EAST ELEVATION
1 4
1/8" = 1'-0" 1/8" = 1'-0"
7 6 5 4 3 2 1
1
A301
T.O. PARAPET 2
WFX-4 128'-0"
T.O. PARAPET
126'-0"
T.O. ROOF BEARING
HARBOR FREIGHT
120'-0"
ELEVATION MATERIAL LEGEND
HATCH DESCRIPTIO
PATTERN N
project:
TBD
SPLIT FACE COLORED CMU
SEE SPECIFICATIONS
LEVEL 1
100'-0" DIRECT APPLIED SYNTHETIC STUCCO SYSTEM
SEE SPECIFICATIONS FOR TYPE AND FINISH
data:
project no:
NORHT ELEVATION 18
2
1/8" = 1'-0" METAL WALL PANELING
SEE SPECIFICATIONS
date:
revisions:
EXTERIOR MATERIAL/FINISH SCHEDULE
1 WFX-2 2 3 4 5 6 7 FINISH DESCRIPTION
1
A301 PX PAINT & STAIN - EXTERIOR
T.O. PARAPET 2
WFX-3 128'-0" PX-1 SW #### SELECTED BY OWNER
WFX-4 MEN'S
PX-2 SW #### SELECTED BY OWNER
BREAK
ROOM
WOMEN'S
WFX WALL FINISHES - EXTERIOR
WFX-1 MANUFACTURER: CORONADO STONE
PRODUCT/FINISH: HONEY LEDGE STONE
COLOR: HURON
NOTES:
WFX-2 MANUFACTURER: DRYVIT
PRODUCT/FINISH: EIFS
COLOR: #454 Stone Gray (COLORS TO BE REVIEWED AND
APPROVED BY HFT)
NOTES:
WFX-3 MANUFACTURER: DRYVIT
PRODUCT/FINISH: EIFS
PLAN CHE
COLOR: #449 Buckskin (COLORS TO BE REVIEWED AND
LEVEL 1
APPROVED BY HFT) sheet:
NOTES:
100'-0"
WFX-4 MANUFACTURER: METL SPAN; TUFF-CAST
PRODUCT/FINISH: PRE-FINISHED INSULATED METAL PANELS
EXTERIOR
ELEVATIO
8/15/2019 9:35:36 AM
COLOR: ANTIQUE BRONZE (COLORS TO BE REVIEWED AND
APPROVED BY HFT)
NOTES: TEXTURE COATING #KMD0152
SOUTH_ELEVATION
3
1/8" = 1'-0"
NOTE: REFER TO MATERIAL SPECIFICATIONS DOCUMENT
A201
FOR DETAILED INFORMATION REGARDING EACH FINISH
MATERIAL
Plot Date:
F.pc3, 1:1
Vivint Smart Home Arena Downtown Salt Lake City Park City
Home of the Utah Jazz
40 MINUTES FROM CENTER
OF LEHI TO DOWNTOWN
15 215 80 84
SALT LAKE CITY
15 215 80 84
15 215 80 84
BANGERTER HIGHWAY
15 215 80 84
201 193 111 75
Rio Tinto Stadium
Salt Lake City International Airport Top Golf Home of Real Salt Lake
Saltair Resort Bingham Canyon Mine
Largest Man Made
Excavation in the World
Harbor Freight at
Tooele Town Center
Great
Salt Lake
36 201 193 111 75
35 Minutes from Subject
Property to Downtown Future Site of the
Salt Lake City Tooele Valley Utah Temple
15 215 80 84
Utah Motorsphorts Campus
N
TENANT PROFILE
WEBSITE harborfreighttool.com LOCATIONS 1,000+
OWNERSHIP Private HEADQUARTERS Calabasas, CA
Founded in 1977, Harbor Freight Tools is the leading discount tool retailer in the U.S. selling great “quality tools at ridiculously
low prices” in over 1,000 stores nationwide and on its website. Harbor Freight Tools stocks over 7,000 items in categories
including automotive, air and power tools, shop equipment and hand tools. With a commitment to quality and a lifetime
guarantee on all hand tools, Harbor Freight Tools is a favorite of automotive and truck repair shops, government agencies,
schools, manufacturers, contractors and tool enthusiasts who want top-quality and great selection and value. The results speak
for themselves - with over 40 million customers and thousands of people switching to Harbor Freight Tools every day.
Mountain West Commercial | Office 801.456.8800 | www.mtnwest.com 9
TOOELE COUNTY OVERVIEW Tooele City was recently recognized by Forbes Magazine as one of America’s Top Ten Friendliest Cities. It is situated at the base of the Oquirrh Mountains and offers many recreational opportunities. Tooele has been called “The Oasis in the Desert” – it is the gateway to the West Desert and the Wendover area. Some of the attractions in Tooele County are the Bonneville Salt Flats, the Bingham Canyon Open Pit Copper Mine (which is the largest man-made excavation in the world), Utah Motorsports Campus, Oquirrh Hills Golf Course, Skydive Utah, and many beautiful canyons and recreational areas for 4-wheeling, hiking, hunting, camping, fishing, etc. Tooele County was one of the six original counties created in Utah in January 1850. It is the second largest county in the State. It was originally spelled “Tuilla” (pronounced TOO-WILL- AH), which is believed to refer to the Goshute Indian Chief Tuilla who lived in the valley years before the arrival of the Mormon Pioneers. “Tuilla” is the Goshute word for “bear.” The spelling was changed to Tooele in 1852 when the boundaries of the State of Deseret were extended to the California border. Tooele City is the county seat of Tooele County. Tooele City is located 35 miles west of the Salt Lake International Airport and Downtown Salt Lake City. It has been dubbed as a “Bedroom Community” to Salt Lake City, as many of the residents are employed in the Salt Lake Region, but enjoy living in the smaller, less hectic lifestyle that Tooele offers. Since 2000, the Population in Tooele County has grown over 25,000+, and is projected to grow an additional 6,000 over the next 5 years. Some of the major private employers in Tooele are Detroit Diesel (a division of Mercedes- Benz), Mountain West Medical Center, Carlisle Syntec, Usana, Overstock.com, and Walmart (including a Walmart Distribution Center).
Utah
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 Council2021: 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.”
• Despite the challenges of Covid-19, Tooele County 0
Source: 2021 Economic Report to the Governor by the Utah Economic Council
saw a 2.5% increase in jobs from September 2019 to
-20,000
September of 2020
1980
1982
1984
• Residential Building Permits were up 188% in 2020
HARBOR FREIGHT AT TOOELE TOWN CENTER from 2019
12 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 13
National Park Visits -2.2% ArizonaWHY 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)
• St. George #3 on Small Cities to Work From Home List. (9/2020)
• Ogden Named a Top 20 City for Manufacturing. (9/2020)
• Utah Best State in Mountain Region for Workforce Development (1/2020)
• 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 DevelopmentJOB 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
Source: EDCUtahDEMOGRAPHICS
POPULATION BUFFERS - 1, 3, 5 MILES
5 MIN 15 MIN 25 MIN
26,338 41,735 57,278
2020 EST. 2020 EST. 2020 EST.
POPULATION POPULATION POPULATION
HOUSEHOLDS & MEDIAN INCOME
5 MIN 15 MIN 25 MIN
8,289 13,006 17,344
2020 EST. 2020 EST. 2020 EST.
HOUSEHOLDS HOUSEHOLDS HOUSEHOLDS
5 MIN 15 MIN 25 MIN
$69,759 $75,489 $80,819
2020 EST. 2020 EST. 2020 EST.
INCOME INCOME INCOME
HARBOR FREIGHT AT TOOELE TOWN CENTER
16 Mountain West Commercial | Office 801.456.8800 | www.mtnwest.comHARBOR PREPARED BY
FREIGHT BEN BROWN J.R. HOWA SCOTT BRADY
bbrown@mtnwest.com jhowa@mtnwest.com sbrady@mtnwest.com
MAIN STREET (SR-36) & 1000 NORTH direct 801.456.8802 direct 801.578.5545 direct 801.456.8804 312 East South Temple, Salt Lake City, UT 84111
TOOELE, UTAH 84074 View Profile View Profile View Profile Office 801.456.8800 | www.mtnwest.comYou can also read
