Home › NNN Properties For Sale › Utah › Salt Lake County
22 NNN properties are observed for sale in Salt Lake County, Utah across 17 tenants and 11 towns as of November 9, 2026, at a median asking cap rate of 5.95%, 20 basis points above the Utah median of 5.75%. Investment Grade Research tracks each one across publicly marketed offerings and broker materials, places each listing in its county from its mapped location, checks rated tenants against the investment grade threshold, and publishes the observations here: which tenants and towns carry the inventory, what it is asking, how Salt Lake County prices against Utah and the national market, and how an acquisition or 1031 exchange buyer should work through it.
Asking cap rates in Salt Lake County run from 4.25% to 8.17%, with the middle half of listings between 5.44% and 6.73%. Median asking price $3.72M (median $677 per SF). Average remaining lease term 1.1 years among 1 listing that states a term. 1 listing reports a 2026 build year. 13 listings were first observed and 3 dropped off active tracking in the last 90 days. Figures update automatically across publicly marketed offerings and broker materials.
Salt Lake County vs Utah and the National NNN Market
| Measure | Salt Lake County | Utah | United States |
|---|---|---|---|
| Observed listings | 22 | 53 | 7,398 |
| Median asking cap rate | 5.95% | 5.75% | 6.35% |
| Middle half of asking cap rates | 5.44% to 6.73% | 5.40% to 6.97% | 5.70% to 7.15% |
| Median asking price | $3.72M | $3.02M | $2.77M |
| Average remaining lease term (listings stating a term) | 1.1 yrs | 9.5 yrs | 10.1 yrs |
| Listings with an investment grade rated tenant brand or parent company | 9% | 15% | 25% |
All three columns use the same listing rules. A county median reflects both location and which tenants are on the market, so compare any listing with its tenant’s cap rate range before reading a gap as a discount or a premium.
NNN Properties For Sale in Salt Lake County: Latest Listings
Up to twenty-four single-tenant net lease properties in Salt Lake County with published pricing, the newest from each tenant first. Below the table, the full listing browser carries every observed Salt Lake County listing with tenant, town, cap rate, price and term filters. Open any listing and register for full property data, including the address, location map and an IG summary with due diligence questions.
| Tenant | Town | Asking Price | Cap Rate | NOI | Term Left | Built | Lease | |
|---|---|---|---|---|---|---|---|---|
| Freddy's Frozen Custard & Steakburgers | Riverton | $3,392,000 | 5.75% | $195,000 | n/a | 2024 | Not stated | Get full property data |
| Mission Pet Health | Draper | $2,887,000 | 5.50% | $158,795 | n/a | n/a | Not stated | Get full property data |
| Learning Care Group | South Jordan | $7,607,000 | 6.50% | $494,500 | n/a | 2025 | Not stated | Get full property data |
| 7-Eleven | Salt Lake City | $2,181,818 | 5.45% | $120,000 | n/a | 1964 | Not stated | Get full property data |
| Advance Auto Parts | West Valley City | $2,478,672 | 5.50% | $136,327 | n/a | 2016 | Not stated | Get full property data |
| Jordan Landing Smiles | West Jordan | $823,000 | 7.00% | $57,600 | n/a | n/a | Not stated | Get full property data |
| NAV (National Veterinary Associates) | West Valley City | $3,500,000 | 6.31% | $220,816 | n/a | 2005 | Not stated | Get full property data |
| Not stated | Taylorsville | $3,900,000 | 7.80% | $304,562 | n/a | 2008 | Not stated | Get full property data |
| Les Schwab Tire Center | West Valley City | $3,600,000 | 5.00% | $180,000 | n/a | 2026 | Not stated | Get full property data |
| Chick-fil-A | West Valley City | $5,650,000 | 4.25% | $240,000 | n/a | 2025 | Not stated | Get full property data |
| Mister Car Wash | Herriman | $5,561,528 | 5.30% | $294,761 | n/a | 2022 | Not stated | Get full property data |
| Not stated | West Valley City | $4,592,000 | 6.15% | n/a | n/a | 1994 | Not stated | Get full property data |
| Walgreens | Sandy | $6,000,000 | 8.17% | $490,146 | n/a | 2005 | Not stated | Get full property data |
| Sleep Number | Murray | $3,723,077 | 6.50% | $242,000 | n/a | 2016 | Not stated | Get full property data |
| Recovery Innovations | West Valley City | $2,975,000 | 6.67% | $198,551 | n/a | 1995 | Not stated | Get full property data |
| Flower Child | Riverton | $4,682,000 | 5.50% | $257,556 | n/a | 2025 | Not stated | Get full property data |
| IHOP | West Valley City | $2,660,000 | 7.84% | $208,650 | 1.1 yrs | 2000 | NNN | Get full property data |
| Jack in the Box | West Valley City | $3,888,888 | 5.40% | n/a | n/a | 2025 | Not stated | Get full property data |
| Not stated | South Jordan | $10,583,777 | 6.89% | $728,693 | n/a | 2017 | Not stated | Get full property data |
Showing 19 of 22 observed Salt Lake County listings: the newest from each tenant first, then each tenant’s next newest. Listings without a published asking price and cap rate are not shown here.
Market observations aggregated from publicly marketed offerings and broker materials; not offerings by Investment Grade Income Property, LP. Asking price, cap rate and NOI as published by the offering party. Information deemed reliable but not guaranteed. Verify all figures before relying on them.
Salt Lake County NNN Properties by Tenant
Listing count, median asking cap rate and cap range by tenant. Tenants with a linked page have a profile covering credit rating status, cap rates and inventory.
| Tenant | Listings | Median Cap | Cap Range | Median Price | |
|---|---|---|---|---|---|
| Jack in the Box | 2 | 5.40% | 5.40% | $3.89M | |
| 7-Eleven | 1 | n/a | 5.45% | $2.18M | 7-Eleven NNN for sale |
| Advance Auto Parts | 1 | n/a | 5.50% | $2.48M | Advance Auto Parts NNN for sale |
| Chick-fil-A | 1 | n/a | 4.25% | $5.65M | Chick-fil-A NNN for sale |
| ExxonMobil | 1 | n/a | n/a | $6.00M | ExxonMobil NNN for sale |
| Flower Child | 1 | n/a | 5.50% | $4.68M | |
| Freddy's Frozen Custard & Steakburgers | 1 | n/a | 5.75% | $3.39M | |
| IHOP | 1 | n/a | 7.84% | $2.66M | IHOP NNN for sale |
| Jordan Landing Smiles | 1 | n/a | 7.00% | $0.82M | |
| Learning Care Group | 1 | n/a | 6.50% | $7.61M | |
| Les Schwab Tire Center | 1 | n/a | 5.00% | $3.60M | |
| Mission Pet Health | 1 | n/a | 5.50% | $2.89M | |
| Mister Car Wash | 1 | n/a | 5.30% | $5.56M | Mister Car Wash NNN for sale |
| NAV (National Veterinary Associates) | 1 | n/a | 6.31% | $3.50M | |
| Recovery Innovations | 1 | n/a | 6.67% | $2.98M | |
| Sleep Number | 1 | n/a | 6.50% | $3.72M | |
| Walgreens | 1 | n/a | 8.17% | $6.00M | Walgreens NNN for sale |
Tenants with the most Salt Lake County listings observed (all 17).
Tenant Credit in Salt Lake County
2 of 22 observed Salt Lake County listings (9%) are leased to tenant brands whose own or parent company’s verified S&P, Moody’s or Fitch rating is investment grade (BBB‑ or Baa3 and above) in the Investment Grade ratings database, compared with 15% across Utah and 25% nationally. Brands not yet in the ratings database count as not rated, so the share is a floor. A franchised location may be leased to a franchisee rather than the rated company, so confirm the tenant and any guarantee in the lease. Ratings and outlooks by tenant are on the investment grade credit tenant ratings page.
Salt Lake County NNN Properties by Town
The towns with the most observed Salt Lake County listings are West Valley City (9), Riverton (2), Sandy (2) and South Jordan (2). Tap any town in the table to filter the full listing browser to that town.
| Town | Listings | Median Cap | Avg Asking Price |
|---|---|---|---|
| West Valley City | 9 | 5.50% | $3.67M |
| Riverton | 2 | 5.63% | $4.04M |
| Sandy | 2 | n/a | $4.15M |
| South Jordan | 2 | 6.70% | $9.10M |
| Cottonwood Heights | 1 | n/a | $6.00M |
| Draper | 1 | n/a | $2.89M |
| Herriman | 1 | n/a | $5.56M |
| Murray | 1 | n/a | $3.72M |
| Salt Lake City | 1 | n/a | $2.18M |
| Taylorsville | 1 | n/a | $3.90M |
| West Jordan | 1 | n/a | $0.82M |
Towns as named in each listing (all 11).
Salt Lake County Economy at a Glance
| Measure | Value | Period | Source |
|---|---|---|---|
| Resident population | 1,220,916 (+2.9% since 2020) | 2025 | FRED UTSALT5POP, U.S. Census Bureau |
| Unemployment rate (not seasonally adjusted) | 3.2% | September 2026 | FRED UTSALT5URN, U.S. Bureau of Labor Statistics |
| Per capita personal income | $75,434 | 2024 | FRED PCPI49035, U.S. Bureau of Economic Analysis |
Latest published figures from FRED, Federal Reserve Bank of St. Louis, with the original publisher named. Each figure shows its own period and refreshes automatically when a new period is published.
NNN Properties in Counties Bordering Salt Lake County
- NNN properties for sale in Davis County, Utah (9 listings)
- NNN properties for sale in Utah County, Utah (4 listings)
- NNN properties for sale in Tooele County, Utah (2 listings)
Counties that share a boundary with Salt Lake County, including boundaries along rivers and inland lakes (not open Great Lakes waters), by observed listings with a confirmed county. Bordering counties with no observed listings are not shown, and counties without their own page yet are listed for reference.
How These Figures Are Calculated
Figures cover single-tenant net lease properties observed for sale in Salt Lake County, Utah across publicly marketed offerings and broker materials, and refresh automatically with each Investment Grade Research update. Each listing is placed in its county from its mapped location using U.S. Census Bureau county boundaries and, where possible, confirmed against its street address through the Census Bureau geocoder or the county named in the listing; a listing whose county cannot be confirmed is left off this page but stays on the Utah page. A listing counts while it is actively marketed; listings marked under contract, pending, on hold or closed are excluded, as are listings priced under $150,000. Medians use published asking prices and published cap rates; listings without a published cap rate are left out of cap rate figures. These figures describe what sellers are asking, not closed sale prices, and an auction listing may show its starting bid as the asking price. The Utah and national comparisons use the same rules. Tenant credit uses verified ratings in the Investment Grade ratings database.
Frequently Asked Questions: NNN Properties For Sale in Salt Lake County
How many NNN properties are for sale in Salt Lake County, Utah?
As of November 9, 2026, 22 single-tenant net lease properties are observed for sale in Salt Lake County across 17 tenants and 11 towns. The count updates automatically as listings are added and withdrawn.
What cap rates are Salt Lake County NNN properties asking?
The median asking cap rate is 5.95%, with the middle half of listings between 5.44% and 6.73%. Asking cap rates describe what sellers are asking, not closed sale prices.
How does Salt Lake County compare with the rest of Utah?
The Salt Lake County median asking cap rate of 5.95% sits 20 basis points above the Utah median of 5.75%. A county median reflects both location and which tenants are on the market, so compare a listing with its tenant’s cap rate range before reading the gap as a discount or a premium.
Which tenants have the most Salt Lake County NNN listings?
The tenants with the most observed listings are Jack in the Box (2), then 16 other tenants with 1 listing each.
Which towns in Salt Lake County have the most NNN listings?
The towns with the most observed listings are West Valley City (9), Riverton (2), Sandy (2) and South Jordan (2). Tap a town in the town table to filter the listing browser.
More NNN Markets
- NNN properties for sale in Utah, with Utah transfer and property tax notes
- All NNN properties for sale by tenant
- 1031 exchange rules and replacement property strategy
- What a cap rate is and how to read one
Buying With 1031 Exchange Proceeds?
Compare this inventory with all 7,398 NNN properties observed for sale nationally on the 1031 exchange properties page, sorted by price band, tenant credit, remaining lease term and state. Then check your 1031 exchange deadlines: 45 days to identify replacement property and 180 days to close, or your tax return due date (including extensions) if that comes first (IRC 1031(a)(3); Treas. Reg. 1.1031(k)-1(b)(2)). General information, not tax or legal advice.
