1404 George Washington BlvdSt. George, UT 84790

Property Details for 1404 George Washington Blvd

Lot size

0.86 AC

Property size (Sq ft)

5,205 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a 20-year ground lease on a McDonald's restaurant located at 1404 George Washington Blvd, St. George, UT 84790. The 5,205 square foot property sits on a 0.86-acre lot and boasts a strong 3.75% cap rate with a current NOI of $103,000. The asking price is $2,745,000 ($527.38/sq ft). The lease, commencing September 1, 2024, and expiring August 31, 2044, includes eight 5-year renewal options with a 10% rent increase every five years. The property is classified as Class A, with a NNN lease structure and a credit-rated tenant backed by a corporate guarantee. The location is highly desirable, situated at the intersection of George Washington Blvd and River Road, the only north-south, east-west corridor in greater St. George. This high-visibility site benefits from significant traffic flow and favorable demographics, enhanced by proximity to numerous co-tenants including Sprouts Farmers Market, Starbucks, Kiln, J. Dawgs, Cyprus Credit Union, Village Baker, Dutch Bros, Alta Bank, Popeyes, Maverik, Jiffy Lube, Summit Athletic Club, Tagg-n-Go, Quench It, and Costa Vida. The property offers 10 parking spaces per 1,000 square feet and is zoned PD Commercial. This is a secure, long-term investment with a blue-chip tenant in a prime location. The property's location is minutes from Dixie Regional Medical Center, further enhancing its appeal and accessibility.

Location Insight

City

St. George

County

Washington

State

Utah

Latitude

37.0848

Longitude

-113.555

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