53 NNN properties are observed for sale in Utah across 42 tenants and 31 cities as of October 23, 2026, at a median asking cap rate of 5.75%, 60 basis points below the national median of 6.35%. Investment Grade Research tracks each one across publicly marketed offerings and broker materials, checks every tenant against the investment grade threshold, and publishes the observations here: which tenants and cities carry the inventory, what it is asking, how Utah prices against the national market, and how an acquisition or 1031 exchange buyer should work through it.
Asking cap rates in Utah run from 4.00% to 9.00%, with the middle half of listings between 5.40% and 6.84%. Median asking price $3.19M (median $677 per SF). Average remaining lease term 11.3 years among 5 listings that state a term. 8 listings report a 2026 build year. 34 listings came to market and 15 left the market in the last 90 days. Figures update automatically across publicly marketed offerings and broker materials.
Key findings, as of October 23, 2026
- 53 NNN listings are observed in Utah, the 35th largest inventory of the 50 states with listings.
- The median asking cap rate of 5.75% is 60 basis points below the national median, the 47th widest gap from the national median among the 50 states.
- Comparing the same tenants, Utah listings ask 19 basis points wider than those tenants elsewhere (3 tenants, 9 Utah listings), so part of the gap above reflects location and part reflects which tenants are on the market.
- The median Utah listing has been on the market 59 days; 34 came to market and 15 left the market in the last 90 days.
NNN Properties For Sale in Utah: Latest Listings
Up to twenty-four single-tenant net lease properties in Utah with published pricing, the newest from each tenant first so the table reflects the whole Utah market rather than one or two active tenants. Below the table, the full listing browser carries every observed Utah listing with tenant, city, 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 | City | Asking Price | Cap Rate | NOI | Term Left | Built | Lease | |
|---|---|---|---|---|---|---|---|---|
| Dutch Bros | Logan | $2,740,740 | 5.40% | $148,000 | n/a | n/a | Not stated | Get full property data |
| CVS | Layton | $6,079,645 | 5.50% | $334,380 | n/a | 2018 | Not stated | Get full property data |
| Freddy's | Pleasant Grove | $3,333,000 | 5.85% | $195,000 | n/a | 2026 | Not stated | Get full property data |
| Freddy's Frozen Custard | 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 |
| Truck Ranch | Logan | $4,400,000 | 7.00% | n/a | n/a | 2021 | Not stated | Get full property data |
| Freddy's Frozen Custard & Steakburgers | Eagle Mountain | $3,250,000 | 6.00% | $195,000 | n/a | 2026 | Not stated | Get full property data |
| Walgreens | Tooele | $4,205,000 | 7.40% | $311,220 | n/a | 2006 | Not stated | Get full property data |
| Carl's Jr. | Clinton | $2,155,000 | 5.25% | $113,135 | n/a | 2009 | Not stated | Get full property data |
| Intermountain Health | Logan | $3,636,000 | 7.00% | $254,551 | n/a | 1988 | Not stated | Get full property data |
| CAR Wash | Ogden | $3,450,000 | 8.00% | $248,909 implies 7.21%; verify | n/a | 2001 | 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 |
| National Veterinary Associates | St. George | $1,400,400 | 7.25% | $101,529 | n/a | n/a | Not stated | Get full property data |
| McDonald's | North Salt Lake | $3,000,000 | 4.00% | $120,000 | n/a | 2026 | Not stated | Get full property data |
| Thirst | Ogden | $1,636,364 | 5.50% | n/a | n/a | 2026 | 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 |
| VARA Salon Suites | Tooele | $1,444,444 | 9.00% | $130,000 | n/a | 1984 | Not stated | Get full property data |
| Top Stop | Lehi | $2,772,000 | 5.50% | $152,460 | n/a | 1996 | Not stated | Get full property data |
| Les Schwab | 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 |
Showing 24 of 53 observed Utah 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.
Utah NNN Properties by Tenant
Listing count, median asking cap rate and cap range by tenant. Tenants with a linked page have a full credit rating, cap rate and inventory profile; the rest are tracked here at the state level until they earn a page of their own.
| Tenant | Listings | Median Cap | Cap Range | Median Price | |
|---|---|---|---|---|---|
| CAR Wash | 5 | 7.80% | 6.89% to 8.00% | $3.45M | |
| Dutch Bros | 3 | 5.40% | 5.25% to 5.40% | $2.74M | Dutch Bros NNN for sale |
| Jack in the Box | 3 | 5.00% | 5.00% to 5.40% | $3.34M | |
| Carl's Jr. | 2 | 5.50% | 5.25% to 5.75% | $2.30M | |
| Dollar General | 2 | 6.13% | 6.00% to 6.25% | $2.74M | Dollar General NNN for sale |
| Walgreens | 2 | 7.79% | 7.40% to 8.17% | $5.10M | Walgreens NNN for sale |
| 7-Eleven | 1 | 5.45% | 5.45% to 5.45% | $2.18M | 7-Eleven NNN for sale |
| Advance Auto Parts | 1 | 5.50% | 5.50% to 5.50% | $2.48M | Advance Auto Parts NNN for sale |
| ATC Auto Glass | 1 | 7.07% | 7.07% to 7.07% | $0.60M | |
| Banfield | 1 | 5.25% | 5.25% to 5.25% | $3.37M | |
| Biomat USA | 1 | 5.00% | 5.00% to 5.00% | $4.31M | |
| Bureau of Land Management | 1 | 8.50% | 8.50% to 8.50% | $2.50M | |
| Chick-fil-A | 1 | 4.25% | 4.25% to 4.25% | $5.65M | Chick-fil-A NNN for sale |
| CVS | 1 | 5.50% | 5.50% to 5.50% | $6.08M | CVS NNN for sale |
| Del Taco | 1 | 5.50% | 5.50% to 5.50% | $2.89M | |
| ExxonMobil | 1 | n/a | n/a | $6.00M | ExxonMobil NNN for sale |
| Flower Child | 1 | 5.50% | 5.50% to 5.50% | $4.68M | |
| Freddy's | 1 | 5.85% | 5.85% to 5.85% | $3.33M | |
| Freddy's Frozen Custard | 1 | 5.75% | 5.75% to 5.75% | $3.39M | |
| Freddy's Frozen Custard & Steakburgers | 1 | 6.00% | 6.00% to 6.00% | $3.25M | |
| IHOP | 1 | 7.84% | 7.84% to 7.84% | $2.66M | IHOP NNN for sale |
| Inc. | 1 | 6.15% | 6.15% to 6.15% | $4.59M | |
| Intermountain Health | 1 | 7.00% | 7.00% to 7.00% | $3.64M | |
| Shell and Jiffy Lube | 1 | 5.65% | 5.65% to 5.65% | $3.50M | Shell and Jiffy Lube NNN for sale |
| Jordan Landing Smiles | 1 | 7.00% | 7.00% to 7.00% | $0.82M | |
| KeyBank | 1 | 5.75% | 5.75% to 5.75% | $3.59M | KeyBank NNN for sale |
| Learning Care Group | 1 | 6.50% | 6.50% to 6.50% | $7.61M | |
| Les Schwab | 1 | 5.00% | 5.00% to 5.00% | $3.60M | |
| McDonald's | 1 | 4.00% | 4.00% to 4.00% | $3.00M | McDonald's NNN for sale |
| Mission Pet Health | 1 | 5.50% | 5.50% to 5.50% | $2.89M | |
| Mister Car Wash | 1 | 5.30% | 5.30% to 5.30% | $5.56M | Mister Car Wash NNN for sale |
| Murphy Express | 1 | 5.00% | 5.00% to 5.00% | $1.78M | |
| National Veterinary Associates | 1 | 7.25% | 7.25% to 7.25% | $1.40M | |
| NAV (National Veterinary Associates) | 1 | 6.31% | 6.31% to 6.31% | $3.50M | |
| Quick Quack Car Wash | 1 | 5.75% | 5.75% to 5.75% | $5.01M | |
| Recovery Innovations | 1 | 6.67% | 6.67% to 6.67% | $2.98M | |
| Sleep Number | 1 | 6.50% | 6.50% to 6.50% | $3.72M | |
| Thirst | 1 | 5.50% | 5.50% to 5.50% | $1.64M | |
| Top Stop | 1 | 5.50% | 5.50% to 5.50% | $2.77M | |
| Truck Ranch | 1 | 7.00% | 7.00% to 7.00% | $4.40M |
Tenants with the most Utah listings observed (top 40 of 42). Tenants with a linked page have a full credit and inventory profile; 18 of the 53 listings belong to tenants with a profile page.
Utah NNN Properties by Category
- QSR NNN properties for sale (5 in Utah across 3 tenants)
- Pharmacy NNN properties for sale (3 in Utah across 2 tenants)
- Gas Station and C-Store NNN properties for sale (2 in Utah across 2 tenants)
- Auto Parts and Service NNN properties for sale (2 in Utah across 2 tenants)
- Dollar Store NNN properties for sale (2 in Utah across 1 tenants)
- Casual Dining NNN properties for sale (1 in Utah across 1 tenants)
- Bank Branch NNN properties for sale (1 in Utah across 1 tenants)
- Car Wash NNN properties for sale (1 in Utah across 1 tenants)
Counts cover tenants with a profile page; the category pages aggregate the same tenants nationally.
Utah NNN Properties by City
The cities with the most observed Utah listings are West Valley City (9), Ogden (5), Layton (4). Tap any city in the table to filter the full listing browser to that city.
| City | Listings | Median Cap | Avg Asking Price |
|---|---|---|---|
| West Valley City | 9 | 5.50% | $3.67M |
| Ogden | 5 | 5.63% | $3.10M |
| Layton | 4 | 5.50% | $3.61M |
| Logan | 4 | 6.20% | $3.38M |
| Pleasant Grove | 2 | 5.43% | $2.56M |
| Riverton | 2 | 5.63% | $4.04M |
| Sandy | 2 | 8.17% | $4.15M |
| South Jordan | 2 | 6.70% | $9.10M |
| Tooele | 2 | 8.20% | $2.82M |
| Brigham City | 1 | 7.07% | $0.60M |
| Clearfield | 1 | 5.75% | $2.45M |
| Clinton | 1 | 5.25% | $2.16M |
| Cottonwood Heights | 1 | n/a | $6.00M |
| Draper | 1 | 5.50% | $2.89M |
| Eagle Mountain | 1 | 6.00% | $3.25M |
| Herriman | 1 | 5.30% | $5.56M |
| Kaysville | 1 | 5.00% | $2.80M |
| Lehi | 1 | 5.50% | $2.77M |
| Mount Pleasant | 1 | 6.00% | $2.83M |
| Murray | 1 | 6.50% | $3.72M |
Cities with the most Utah listings observed (top 20 of 31). Tap a city to filter the full listing browser.
How Utah Prices Against the National NNN Market
The Utah median asking cap rate of 5.75% sits 60 bps below the national median of 6.35%. A state median reflects both location and which tenants happen to be on the market, which is why the key findings above compare the same tenants inside and outside Utah. Compare any listing with its tenant’s national cap rate bands on the tenant page before reading the state spread as a discount or a premium; the investment grade guide explains how tenant credit sets the floor under those bands.
Utah Taxes and the 1031 Exchange Buyer
General information, not tax or legal advice. State income tax, real estate transfer tax and property tax assessment rules differ by state, and sometimes by county or city, and they affect both your exchange and what a replacement tenant could afford in rent. Confirm the rules that apply to your property with your CPA, tax attorney and qualified intermediary before you rely on them. Replacement property must be identified within 45 days after the sale of the relinquished property and received by the earlier of 180 days after that sale or the due date, including extensions, of your tax return for that year (Internal Revenue Code Section 1031(a)(3); Treasury Regulation 1.1031(k)-1(b)(2)). Ask your qualified intermediary to confirm your exact dates, and use the full listing browser above to filter Utah inventory by tenant and city, or each tenant page for national inventory on the same credit.
How These Figures Are Calculated
Figures cover single-tenant net lease properties observed for sale in Utah across publicly marketed offerings and broker materials, and refresh automatically with each Investment Grade Research update. A listing counts while it is actively marketed; listings marked under contract, pending or closed are excluded, as are listings priced under $150,000. Medians use published asking figures only, so they describe what sellers are asking, not closed sale prices. The same-tenant comparison takes each tenant’s median asking cap rate in Utah and compares it with that tenant’s median in other states, for tenants with at least three Utah listings and five listings elsewhere, weighted by Utah listing count. Days on market are measured from the date a listing was first observed.
Frequently Asked Questions: NNN Properties For Sale in Utah
How many NNN properties are for sale in Utah right now?
As of October 23, 2026, 53 single-tenant net lease properties are observed for sale in Utah across 42 tenants and 31 cities. The count updates automatically as listings are added and withdrawn.
What cap rates are Utah NNN properties asking?
The median asking cap rate across observed Utah listings is 5.75%, with the middle half of listings between 5.40% and 6.84%. That median is 60 bps below the national median of 6.35%. Cap rates vary by tenant, guarantee, remaining term and location; confirm the lease before relying on any single figure.
Which tenants have the most NNN listings in Utah?
The tenants with the most observed Utah listings right now are CAR Wash (5), Dutch Bros (3), Jack in the Box (3). The tenant table above lists the top 40.
Which Utah cities have the most NNN properties for sale?
The cities with the most observed listings are West Valley City (9), Ogden (5), Layton (4). The city table above lists the top 20 and filters the full listing browser.
Are these listings offered by Investment Grade?
No. These are market observations aggregated from publicly marketed offerings and broker materials, not offerings by Investment Grade Income Property, LP. Registering for full property data connects you with our team for buyer representation and due diligence; the listing broker remains the listing broker.
NNN Properties For Sale in Other States
- NNN properties for sale in Arizona (160 listings)
- NNN properties for sale in California (444 listings)
- NNN properties for sale in Florida (678 listings)
- NNN properties for sale in Georgia (314 listings)
- NNN properties for sale in Illinois (337 listings)
- NNN properties for sale in Maryland (54 listings)
- NNN properties for sale in New Jersey (74 listings)
- NNN properties for sale in New York (185 listings)
- NNN properties for sale in North Carolina (288 listings)
- NNN properties for sale in Tennessee (209 listings)
- NNN properties for sale in Texas (915 listings)
