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- LoopNet Team
180 City View Dr
Mountain Home, ID 83647
Ground Lease NNN Leased Investment · Land For Sale
·
1.27 AC
INVESTMENT HIGHLIGHTS
- 20 Year Ground Lease NNN Leased Investment
- 3 – 5 Year Renewal Options
- 10% BUMPS YEAR 5 ($95,000) YEAR 6 ($104,500) YEAR 11 ($114,950) YEAR 16 ($126,445)
- 4.85% Cap - $95,000 NOI
- Corp. Guaranteed Lease
- No Landlord Responsibilities - Absolute Triple Net Ground Lease
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 1.27 AC |
| Property Subtype | Commercial | ||
| Zoning | Commercial - Commercial - in an Opportunity Zone | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 1.27 AC |
| Zoning | Commercial - Commercial - in an Opportunity Zone |
DESCRIPTION
Summit Commercial Real Estate Group has been retained as the exclusive agent in the sale of a 1.27-acre ground lease located at the intersection of NE City View Drive and American Legion Boulevard on a main a corridor into downtown Mountain Home, Idaho. The property is home to a newly constructed Tidal Wave Auto Spa. The car wash was recently completed and is now open and operating. Tidal Wave Ground Lease - Mountain Home provides the opportunity for an investor to acquire a newly executed ground leased property while achieving stable cash-flow backed by a (20) twenty-year triple net lease with (3) three - (5) five-year renewal options. The tenant is responsible for all maintenance and expenses, making this a hassle-free investment with no landlord responsibilities. Surrounding tenants & business include Grocery Outlet, Dutch Brothers Coffee, Taco Bell, Walmart Superstore, Tobacco Connection, Verizon, Maurices, Anytime Fitness, VIP GameStore, Mountain Home Auto Ranch, McDonald’s, Wendy’s, & Pioneer Federal Credit Union. Other traffic draws include the Desert Mountain Visitors Center, East Side Park and Sports Fields, Mountain Home Jr. High School, Mountain Home High School, the Desert Canyon Golf Course, Best Western Foothills Inn, & Hampton Inn & Suites. The parcel is located in an opportunity zone & has all utilities connected, making back-filling or future redevelopment easy upon expiration of the in-place lease. Contact agents to view lease documentation & additional details.
PROPERTY TAXES
| Parcel Number | RPA01060020020A | Improvements Assessment | $714,259 |
| Land Assessment | $67,257 | Total Assessment | $781,516 |
PROPERTY TAXES
