For Sale
$7,200,000

1580 Gtwy DrSt. George, UT 84770

High-Yield NNN Lease, Utah

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a brand-new, 23,258-square-foot auto shop in St. George, Utah, leased to Cascade Collision Repair, a regional leader in collision repair services. The property boasts a 15-year absolute NNN lease commencing March 30, 2025, and expiring May 31, 2040, with a substantial remaining term of 15.5 years. The lease includes a favorable 3% annual rent increase, effectively mitigating inflation risks. Two 5-year lease options further enhance the long-term stability of this investment. The property sits on a 2.01-acre lot with irreplaceable frontage on a high-traffic thoroughfare (37,000 vehicles per day), ensuring exceptional visibility and accessibility. The tenant, backed by the Quality Collision Group (QCG), a national operator of collision repair centers, provides a strong corporate guarantee. With a current NOI of $450,000 and an asking price of $7,200,000, this property offers a compelling 6.25% cap rate. Located in one of Utah's fastest-growing cities, this investment benefits from significant tax advantages through accelerated depreciation and cost segregation. This is a passive investment opportunity with zero landlord responsibilities, offering substantial returns in a thriving market. The property was built in 2025 and enjoys 100% occupancy. The price per square foot is $309.57.

Property Details for 1580 Gtwy Dr

Property type
Retail properties, Auto shops
Square Feet
23,258 SF
Year Built
2025
Lot Size (sq. ft)
87,556 SF

Location Insight

City
St. George
County
Washington
State
Utah
Latitude
37.1184293
Longitude
-113.5494653
1580 Gtwy Dr, St. George, Utah

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1580 Gtwy Dr
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