1513 River Rd St. George, UT 84790
- Retail properties
- 2,425 SF
- 0.53 lot acres
Current Use by Public Records
- Starbucks / Coffee Shop
- Big Chicken / Chicken Restaurant
- Handel's Ice Cream / Ice Cream Shop
- Handel's Homemade Ice Cream / Ice Cream Shop
Property Details for 1513 River Rd
- Year built
- 2024
- Lot size
- 0.53 lot acres
- Property size
- 2,425 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a brand-new, 2,425 square foot Starbucks located at 1513 S River Rd, St. George, UT 84790. The property boasts a 10-year initial lease term commencing August 19, 2024, and expiring August 31, 2034, with four 5-year renewal options. The lease is a triple-net (NNN) agreement with a credit-rated corporate guarantor, ensuring consistent income. The property features a 4.50% cap rate and a current NOI of $143,000. Rent increases by 10% every five years. Situated on a 0.53-acre lot with ample parking (10 spaces per 1,000 sq ft), this Class A retail building benefits from its high-traffic location on River Road, a major thoroughfare in St. George. The property enjoys exceptional visibility and is surrounded by strong co-tenants, including Sprouts Farmers Market, McDonald's, and many others. Its proximity to Dixie Regional Medical Center and its strategic location at the intersection of George Washington Blvd and River Road further enhance its appeal. The property is zoned PDC and was built in 2024. This is a rare opportunity to acquire a high-performing, stable investment in a thriving market. The asking price is $3,180,000, representing a price per square foot of $1,311.34.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- St. George
- County
- Washington
- State
- Utah
- Longitude
- -113.555
- Latitude
- 37.0831
