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2606 S Broadway Ave 1,276 SF Retail Building Boise, ID 83706 $1,727,273 ($1,353.66/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong multi-unit operator with locations 15 locations in ID, OR & WA.
- Rare opportunity to own a generational piece of real estate in one of the hottest markets in US.
- Irreplaceable infill location along South Broadway corridor.
- Absolute NNN structure eliminates management, capex, and expense risk. Zero Landlord Responsibilities.
- Perfect hands off investment for out of town buyer.
- Close proximity to Boise State, I-84, and Downtown Boise.
EXECUTIVE SUMMARY
This offering presents the opportunity to acquire a Take 5 Oil Change ground lease secured by a newly executed 20 year absolute NNN ground lease with zero landlord responsibilities. The tenant is a strong multi-unit operator with 15 locations across Idaho, Oregon and Washington. Lease commencement occurs at close of escrow with expiration 20 years thereafter. The asset is positioned on one of the busiest corridors in Boise just off the I 84 interchange with close proximity to Boise State University, the airport and downtown Boise making it a highly visible and irreplaceable location. The investment offers a truly hands off opportunity ideal for out of town investors seeking long term passive income in one of the strongest growth markets in the United State
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,276 SF
Building Class
C
Year Built
1997
Price
$1,727,273
Price Per SF
$1,353.66
Cap Rate
5.50%
NOI
$95,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.50 AC
Zoning
L-OD/DA - Limited Office District
Parking
30 Spaces (23.51 Spaces per 1,000 SF Leased)
Frontage
71’ on Broadway Ave
AMENITIES
- Signalized Intersection
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Take 5 Oil Change
- -
- -
- -
- Triple Net
- Jan 2046
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Take 5 Oil Change | - | - | - | Triple Net | Jan 2046 |
Bike Score®
Very Bikeable (88)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R4432500042 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,086,700 |
PROPERTY TAXES
Parcel Number
R4432500042
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,086,700
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2606 S Broadway Ave
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