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2965 W 3500 SWest Valley City, UT 84119
Granger Medical Clinic
Asset ClassHealthcare Facility
overview of deal

Overview

JLL is pleased to present the opportunity to acquire the fee simple interest in Granger Medical Clinic (the “Property”), a four-story, 94,834-square-foot, Class A+ medical outpatient building located in an infill Salt Lake City MSA location in West Valley City, Utah. Completed in 2020, the Property is 100% leased to Granger Medical (“Granger”), one of Utah’s largest independent, physician-owned medical groups, under a NNN lease with

8.2 years of weighted average lease term remaining and contractual annual rent escalations equal to the greater of 2.0% or CPI-W, with no maximum.

 

Founded in 1954 in West Valley City, Utah, Granger has grown over its 72- year history into a network of more than 160 providers across 29 specialties and 23 locations. The Property consolidated services from multiple legacy clinics across the region into a single flagship campus, embedding it within the group’s referral network and anchoring it as the heart of Granger’s extensive valley-wide platform.

 

The Property anchors the 40-acre Fairbourne Station mixed-use development, a transit-oriented district in West Valley City featuring direct light rail access along with retail, multifamily, hospitality, and civic uses. Purpose-built to support Granger’s extensive set of multi-specialty uses within, the building offers a best-in-class physical product and features an imported terracotta and ACM panel façade, terrazzo flooring, extensive

glazing delivering abundant natural light, and 15-foot slab-to-slab heights supported by a steel-frame structure.

 

The Property represents one of the highest-quality single-tenant medical outpatient assets to come to market in the Mountain West. The combination of purpose-built asset, dominant local tenant, NNN lease with uncapped escalations, and a transit-served infill location within one of the nation’s fastest-growing metropolitan areas makes Granger Medical Clinic a rare acquisition opportunity.

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2965 W 3500 SWest Valley City, UT 84119

Contact the Deal Team at Granger@jll.com

Todd TorokManaging Director+1 801-738-2165todd.torok@jll.com
Jami MarshExecutive Vice President+1 801-456-9514jami.marsh@jll.com

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