Skip to main content

Miscellaneous

RISE Services, Inc.

170 S Mall Dr, St. George, UT 84790

Listing Price: $3,100,000

Cap Rate
5.50%
Tenant Name
RISE, Inc.
Years Remaining On Lease
12.1
Gross SF
11,083
Guarantor
Corporate Guarantee
Rentable SF
11,083
Price/Gross SF
$279.71
Lease Type
Double Net
Rent Per Square Feet
$15.39

Investment Overview

RISE is an innovative human services network originally established in 1987 for the purpose of moving individuals living in institutions into family settings. Since that time, services have grown to support children, adults, and families with a variety of needs across multiple states. St. George (nicknamed “The Palm Springs of Utah”) is the largest city in Washington County and the seventh-largest city in Utah with just under 90,000 residents. Its metropolitan area is home to nearly 171,000 residents. New residents from across the country and Canada flock to St. George for its scenic beauty, world class healthcare, mild climate, active lifestyle and its close proximity to unparalleled outdoor recreation, including Snow Canyon State Park, Quail Creek and Sand Hollow Reservoirs, Zion National Park, Bryce Canyon, Lake Powell and Grand Canyon National Park.

Investment Highlights

  • 12 Years Remaining on Corporate Guaranteed Lease with RISE Services, Inc.
  • 2 Percent Annual Rental Increases
  • 109,469 Residents within a Five-Mile Radius
  • Growing St. George Trade Area - Households and Population Projected to Increase Over 15 Percent in Surrounding Area by 2026
  • Large 1.53 Acre Site with 83 Parking Spots and Expansive Backyard Area
  • One Mile from Red Cliffs Mall and Interstate 15 via South Mall Drive
  • Average Household Income Exceeds $82,000 within Five Miles of Subject Property
  • Down the Road from Smith's Marketplace Anchored Center

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s) UT: 6250302-SA00

    Utah

Financing By

Miscellaneous

RISE Services, Inc.

Listing Price: $3,100,000

Cap Rate
5.50%
Tenant Name
RISE, Inc.
Years Remaining On Lease
12.1
Gross SF
11,083
Guarantor
Corporate Guarantee
Rentable SF
11,083
Price/Gross SF
$279.71
Lease Type
Double Net
Rent Per Square Feet
$15.39

Investment Highlights

  • 12 Years Remaining on Corporate Guaranteed Lease with RISE Services, Inc.
  • 2 Percent Annual Rental Increases
  • 109,469 Residents within a Five-Mile Radius
  • Growing St. George Trade Area - Households and Population Projected to Increase Over 15 Percent in Surrounding Area by 2026
  • Large 1.53 Acre Site with 83 Parking Spots and Expansive Backyard Area
  • One Mile from Red Cliffs Mall and Interstate 15 via South Mall Drive
  • Average Household Income Exceeds $82,000 within Five Miles of Subject Property
  • Down the Road from Smith's Marketplace Anchored Center

Investment Overview

RISE is an innovative human services network originally established in 1987 for the purpose of moving individuals living in institutions into family settings. Since that time, services have grown to support children, adults, and families with a variety of needs across multiple states. St. George (nicknamed “The Palm Springs of Utah”) is the largest city in Washington County and the seventh-largest city in Utah with just under 90,000 residents. Its metropolitan area is home to nearly 171,000 residents. New residents from across the country and Canada flock to St. George for its scenic beauty, world class healthcare, mild climate, active lifestyle and its close proximity to unparalleled outdoor recreation, including Snow Canyon State Park, Quail Creek and Sand Hollow Reservoirs, Zion National Park, Bryce Canyon, Lake Powell and Grand Canyon National Park.

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s): UT: 6250302-SA00

    Utah

Financing By

MM Texture Background
MM Textured Background Lower