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1701 W Franklin Rd 320 SF 100% Leased Retail Building Meridian, ID 83642 $1,600,000 ($5,000/SF) 6.10% Cap Rate
INVESTMENT HIGHLIGHTS
- Franchisee Guaranteed Lease | Options To Extend | Scheduled Rental Increases
- The Village At Meridian | Primary Retail Corridor
- NN | Fee Simple Ownership | Minimal Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
• Yarnall Operations, LLC (6+ Unit Operator) Franchisee guaranteed lease
• The tenant, Dutch Bros has 8+ years remaining with 2 (5-year) option periods to extend
• The lease features 3% annual increases throughout the initial term and 10%rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation
• The tenant, Dutch Bros has 8+ years remaining with 2 (5-year) option periods to extend
• The lease features 3% annual increases throughout the initial term and 10%rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
320 SF
Building Class
B
Year Built
2002
Price
$1,600,000
Price Per SF
$5,000
Cap Rate
6.10%
NOI
$97,680
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.02
Lot Size
0.30 AC
Zoning
C-C
Parking
6 Spaces (18.75 Spaces per 1,000 SF Leased)
Frontage
105’ on Franklin Rd
AMENITIES
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R8956000052 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $839,600 |
PROPERTY TAXES
Parcel Number
R8956000052
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$839,600
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1701 W Franklin Rd
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