This single-tenant property offers a secure investment opportunity in the growing West Valley City market. The asset is occupied by Dana Orthodontics under a brand-new NNN lease, providing investors with a stable income stream and minimal landlord responsibilities. The lease features a 10-year initial term with two five-year renewal options and 2% annual rent increases, ensuring long-term income growth.
Strategically located along 5600 West, the property benefits from excellent visibility and exposure to approximately 29,000 vehicles per day. The site offers convenient access to Mountain View Highway and is surrounded by a strong mix of national and regional retailers, including Walmart, Home Depot, and major shopping centers such as Jordan Landing and Valley Fair Mall.
This sale-leaseback structure, combined with the tenant’s long operating history, makes this property an attractive option for investors seeking predictable returns. With a purchase price of $1,662,000, a 6.5% cap rate, and an NOI of $108,000, this asset delivers both stability and upside potential in a high-traffic corridor within the Salt Lake City metro area.