3584 W 9000 South, West Jordan, UT 84088
Newly constructed Jordan Valley Cancer Center is a 15-year NNN leased single-tenant medical facility with 2% annual escalations.
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Based on property information with market context.
The facility is located on the campus of the Jordan Valley Medical Center, which is owned and operated by IASIS Healthcare. The campus has immediate access to Bangerter Highway, and the surrounding area is described as having amenity-rich retail and solid infill residential.
The property is structured as a leasehold interest with NNN terms and 2% annual escalations. The first 15 years of the ground lease are stated as $3,037.88 per month, paid by Jordan Valley/IASIS. The remaining 84 years of the initial lease term are described as $10 per year, with three to five additional 5-year options that extend the total stated term to 144 years.
Key Highlights
- Newly constructed Jordan Valley Cancer Center: 25,056 SF on 1.39 acres
- Single‑tenant 15‑year NNN lease with 2% annual escalations
- Credit tenant: IASIS Healthcare (Jordan Valley Medical Center), serving over 1.1 million patients annually nationwide
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