775 South Main Street, St. George, UT, 84770
St. George Veterinary Hospital
Key Information
Highlights
• Attractive 7.25% Cap Rate: The property is offered at $1,400,400, representing an attractive 7.25% going-in cap rate and approximately $101,529 in annual NOI .
• Established Veterinary Real Estate: The approximately 3,501-square-foot facility is occupied by St. George Veterinary Hospital, PLLC, providing investors exposure to the resilient veterinary healthcare sector .
• NNN Lease Structure: The property is subject to a NNN lease, providing a favorable ownership structure with reduced landlord operating responsibilities.
• 3% Annual Rental Increases: The lease features 3% annual rental increases beginning in Year 3, providing contractual revenue growth and a hedge against inflation throughout the remaining lease term.
• Approximately 6.8 Years Of Lease Term Remaining: The current lease expires June 30, 2033, providing investors with durable contractual income and visibility into future cash flow.
• Two Five-Year Renewal Options: The tenant maintains two additional five-year renewal options, providing the potential for an extended occupancy beyond the current lease term.
• St. George, Utah Location: Located along South Main Street in St. George, the property benefits from its position within one of Southern Utah’s primary commercial and population centers.
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