Ulta Beauty, Inc. is an American chain of beauty stores. Ulta offers a wide range of drug store to luxury brand cosmetics, skincare, fragrances, and haircare products for both men and women. Each store is also equipped with a full service salon. Ulta is publicly traded on the NASDAQ Exchange as ULTA, with a market capitalization of $14 billion.
Headquartered in Bolingbrook, Illinois, with 975 stores across the United States, Ulta is a promising net leased investment because of their high customer retention rate and Class A retail locations. Primary lease terms are typically 10-15 year triple net leases with 5-year renewal options. For 2017, cap rates and sales prices averaged 6.25% and $4,250,000 respectively.