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775 South Main Street, St. George, UT, 84770

St. George Veterinary Hospital

$1,400,400

Key Information

Cap Rate
7.25%
$ per SF
$400
Tot. SF
3,501
Lot Size
0.18 Acres
Type
Healthcare
NOI
$101,529

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.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # 10074491-PB00, 10074529-CN00 (UT)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203