156 S River Rd
Saint George, UT 84790
Applebee's: St. George, UT · Retail Property For Sale

The CBRE Net Lease Property Group is pleased to exclusively offer a 5,216-square-foot free standing Applebee' s situated on 1.36 acres in St. George, Utah which is the primary city in the St. George MSA (Population: 155,602). St. George is the sixth fastest growing MSA in the United States and is in the southwestern part of Utah on the Utah-Arizona border, near the tri-state junction of Utah, Nevada, and Arizona. Applebee' s signed a 20-year absolute NNN lease with 18 years of primary term remaining with 2.25% annual escalations throughout the initial term and two 10-year renewal options. The property is conveniently located with excellent access and visibility on River Road (Traffic Count: 25,535 VPD) just 0.4 miles east of I-15 (Traffic Count: 35,765 VPD) which is primary north-south interstate artery for the region. Applebee' s is strategically located across River Road from State Bank of Southern Utah and The Mountain America Credit Union and diagonally across River Road from an Olive Garden which is an outparcel to the 356,679-square-foot Rim Rock Shopping Center (Anchors: Lowe' s Home Improvement, Target) with other retailers including Ross Dress for Less, Dollar Tree, Michaels, the UPS Store, Buffalo Wild Wings, GameStop, and Verizon. The site is also ideally located in the area' s primary retail and commercial corridor which is highlighted by the 438,600-square-foot Red Cliffs Mall (Anchors: Sears, Dillard' s, Barnes & Noble, JCPenney).