NEURAGENEX
Cottonwood heights, ut
Neuragenex stands as the nation’s most rapidly growing healthcare brand and platform, poised to expand from its current 15 operating locations to an impressive 56 within the next year. Founded by medical professionals, Neuragenex Treatment Centers was established to provide patients with access to pain relief without surgery, drugs or invasive treatments through high pulse external electrical stimulation and specialized hydration therapy.
Property Information
- Tenant: Neuragenex
- Location: 2277 E Fort Union Blvd, Cottonwood Heights, UT 84121
- Property Type: Freestanding, Medical
- Building Size: 5,904 sq. ft
- Purchase Price: $7,561,549
- Cap Rate: 6.50%
Lease Information
- Lease Guarantor: Personal; President, Founder, CEO
- Initial Lease Term: 20 years
- Rent Increases: 2% increases every year
- Renewal Options: Two 5-year options
Cottonwood Heights, UT
One of the fastest growing cities in Utah, Cottonwood Heights is the perfect area for your next commercial real estate investment. As a suburb of Salt Lake City, just 15 miles southeast of downtown, Cottonwood Heights enjoys access to a large and diverse customer base.
The economic growth in Utah, together with the increase
in demand in both residential and commercial properties in Cottonwood Heights, make its real estate a strong option for your portfolio.
About Tenant In Common
Tenant in common or TIC ownership allows two or more people to hold an ownership interest in a property. Each property owner or business
entity holds its own separate stake in the property and receives a deed.Their interests do not have to be equal.
This Millcreek Commercial property has the following characteristics:
Property is offered debt-free
- Long-term, corporate-guaranteed lease
Satisfies IRS requirements for 1031 exchanges
- NNN Lease
Office | 385.248.0613
