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Downtown Caldwell NNN Investment Opportunity 502 Cleveland Blvd 7,150 SF Retail Building Caldwell, ID 83605 $1,566,000 ($219.02/SF) 5.30% Cap Rate
Investment Highlights
- 502 Cleveland Blvd (7,150 SF) is ful ly leased to O’Reilly Auto Parts on a long-term NNN lease, delivering passive, corporate-backed income.
- Can combine with adjacent property (524 Cleveland Blvd) for a total of ±1.76-acres.
- Strong visibility on Cleveland Blvd (8,915+ VPD) wit h quick access to I-84 (1.9 miles).
- Landlord is responsible for the Roof and HVAC
Executive Summary
Lee & Associates is pleased to present a rare opportunity to acquire a high-profile tenant portfolio totaling 7,150SF on ±0.49-acres in Downtown Caldwell. The offering provides stable cash flow.
The asset features a national NNN tenant, providing durable, essential service revenue.
Beyond in-place income, the 0.49-acre downtown footprint offers significant upside, creating a prime opportunity for future redevelopment in one of the Treasure Valley’s most active submarkets
The asset features a national NNN tenant, providing durable, essential service revenue.
Beyond in-place income, the 0.49-acre downtown footprint offers significant upside, creating a prime opportunity for future redevelopment in one of the Treasure Valley’s most active submarkets
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,150 SF
Building Class
C
Year Built
1990
Price
$1,566,000
Price Per SF
$219.02
Cap Rate
5.30%
NOI
$82,998
Tenancy
Single
Building Height
1 Story
Zoning
C-3
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0475501000 | Improvements Assessment | $1,003,320 |
| Land Assessment | $332,280 | Total Assessment | $1,335,600 |
Property Taxes
Parcel Number
0475501000
Land Assessment
$332,280
Improvements Assessment
$1,003,320
Total Assessment
$1,335,600
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Downtown Caldwell NNN Investment Opportunity | 502 Cleveland Blvd