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211 W Parkcenter Blvd 6,155 SF Retail Building Boise, ID 83706 $3,750,000 ($609.26/SF) 6.01% Cap Rate
Investment Highlights
- Fully leased, freestanding Red Robin restaurant property for sale.
- Prominently positioned with strong demographics as the only Red Robin in the downtown area.
- Located near BSU Campus, high traffic Broadway Avenue and surrounded by major business parks on Parkcenter including the Albertsons corporate HQ.
- Fantastic absolute NNN leased corporate guaranteed investment opportunity.
- No management involvement.
Executive Summary
A key investment opportunity located at 211 W. Parkcenter Blvd, Boise, ID. This 6,155 SF free standing building, originally constructed in 1982 and meticulously renovated in 2003, offers an attractive addition to any investor's portfolio. Zoned L-OD and fully occupied, this property presents a strong foundation for retail or other commercial ventures. With its strategic placement in the Boise MSA area, it provides a valuable platform for business growth and development.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,155 SF
Building Class
B
Year Built/Renovated
1982/2006
Price
$3,750,000
Price Per SF
$609.26
Cap Rate
6.01%
NOI
$225,496
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.31 AC
Zoning
L-OD - Limited Office District
Parking
77 Spaces (12.51 Spaces per 1,000 SF Leased)
Frontage
234’ on Parkcenter Blvd
Amenities
- Pylon Sign
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Exceptionally bikeable
90/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R6907020010 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,522,000 |
Property Taxes
Parcel Number
R6907020010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,522,000
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211 W Parkcenter Blvd