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Fairbourne NNN - Chick Fil A/ Les Schwab 2 Land Properties Offered at $9,600,000 in West Valley City, UT

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INVESTMENT HIGHLIGHTS

  • Quality Tenants
  • Dynamic Location
  • Brand New NNN Investment

EXECUTIVE SUMMARY

Mountain High Real Estate Advisors on behalf of Real Estate Investment Partners, LLC (Owner), is pleased to present an opportunity to acquire two (2) NNN Ground Lease Pads, located at the southeast corner 3800 South and Constitution Blvd., West Valley City, Salt Lake County, Utah. The Fairbourne Ground Leases are located just off of the I-215 freeway in a very mature in-fill part of the Salt Lake Valley in West Valley City (WVC), which is the 2nd most populous city in the Salt Lake Valley (143,000 residents). This area is the dominant retail hub for all of WVC, featuring the 750,000 SF Valley Fair Mall, which is anchored by Costco, Megaplex Theatres, Ross Dress for Less and more, providing a variety of shopping and dining options that are daily attractants to the nearby WVC residents.
The entire property is situated on 2.81 acres.
• Lot 1 – This is the hard corner of the property fronting both Constitution Blvd and 3800 South. This Lot consist of 1.41 acres of property and is on a ground leased with Chick Fil A.
• Lot 2 – This Lot fronts on Constitution Blvd adjacent to the south of Lot 1 and consists of 1.45 acres of property. This lot is on a ground lease with Les Schwab.

PROPERTY FACTS

Price $9,600,000
Sale Conditions
1031 Exchange
  • Ground Lease (Leased Fee)
  • Bulk/Portfolio Sale
Cap Rate 4.38%
Sale Type Investment NNN
Status Active
Number of Properties 2
Individually For Sale 0
Total Land Area 2.86 AC
  • Listing ID: 37906107

  • Date on Market: 10/2/2025

  • Last Updated:

  • Address: Fairbourne NNN - Chick Fil A/ Les Schwab, West Valley City, UT

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