1404 George Washington Blvd St. George, UT 84790
- Retail properties
- 5,205 SF
- 0.86 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1404 George Washington Blvd
- Lot size
- 0.86 lot acres
- Property size
- 5,205 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- St. George
- County
- Washington
- State
- Utah
- Longitude
- -113.555
- Latitude
- 37.0848
