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Neuragenex Absolute NNN Property
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2277 East Fort Union Blvd, Cottonwood Heights, UT 84121

Single-tenant asset supported by a long-term absolute NNN lease.

Property Size5,904 SF
Price / SF$592.82
Days on Market164

Property Features for 2277 East Fort Union Blvd

General Information

Standard status Active
Size 5,904 SF
Class B
Property subtype Office, Retail
Zoning CR

Building Details

Year Built 1975
Year Renovated 2025
Buildings 1
Stories 2
Tenancy Single
Listing Agency: Spark Realty
Listed By: Graig Griffin · License #UT 550929
Source: Crexi
Added: Mar 20 Changed: Aug 30 Last Checked: Mar 26 at 12:28AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Spark Realty

Investment Insights

Based on property information with market context.

This single-tenant NNN property is associated with Neuragenex, a healthcare brand operating treatment centers focused on non-surgical pain relief programs. The lease structure is absolute NNN, with a 20-year term and 2% annual increases.

The property is located at 2277 East Fort Union Blvd in Cottonwood Heights, Utah, within the Fort Union area. It is adjacent to Hillside Plaza and positioned along a corridor reporting approximately 26,000 ADT. The offering combines an established healthcare occupant with a long-duration lease framework and scheduled annual increases.

Key Highlights

  • Absolute NNN lease with a 20‑year term
  • 2% annual lease increases
  • Single‑tenant occupancy associated with Neuragenex

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Parking Lot & Garage Auto Parts Store Restaurant (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

934
Businesses Nearby

Demographics for 84121, UT

41,628
Population
16,669
Households
2.5
Avg Household Size
40
Median Age
52%
College-Educated
97%
High-School Grad
64.5 sq mi
ZIP Area
645
Density / Sq Mi
$114,912
Median Household Income
$56,990
Median Earnings
$1,732
Median Rent
$614,500
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
NNN property - Single-tenant asset supported by a long-term absolute NNN lease.
Where is this nnn property located?
The property is located at 2277 East Fort Union Blvd Cottonwood Heights, UT.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Absolute NNN lease with a 20‑year term; 2% annual lease increases; Single‑tenant occupancy associated with Neuragenex
More about this property
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