1404 George Washington Blvd St. George, UT 84790

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.