Current Use by Public Records
- Office Spaces
Property Details for 1475 River Rd
- Year built
- 2024
- Lot size
- 2.97 lot acres
- Property type
- Office Spaces
- Property subtype
- Office Units
Description
This exceptional Class A office investment presents a compelling opportunity. The property, located at 1475 S River Rd, St. George, UT 84790, features a 40,000 square foot building on a 2.97-acre lot, constructed in 2024. The building is a two-story structure with a permitted PD Commercial zoning designation. The property boasts a 6.00% cap rate and a strong net operating income (NOI) of $1,200,000. A 20-year net lease with Kiln is in place, commencing January 1, 2025, and expiring December 31, 2044, with two 5-year lease options. The lease includes annual rent bumps of 3%. The asking price is $20,000,000, translating to a price per square foot of $500. The property offers ample parking, with a ratio of 4 spaces per 1,000 square feet. Its strategic location on River Road provides high visibility and strong traffic, benefiting from proximity to numerous established businesses including Sprouts Farmers Market, McDonald's, Starbucks, and many others. The property's location at the only north-south, east-west corridor in greater St. George ensures exceptional accessibility and exposure. Minutes from Intermountain Healthcare’s Dixie Regional Medical Center, this investment offers a combination of strong tenant, location, and lease terms. The property is currently 100% occupied.
Value Estimations
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AI approach
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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
- 37.0835
