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5157-5161 W Overland Rd
Boise, ID 83705
Retail Property For Sale
Investment Highlights
- Absolute Net Leased Investment - A+ Credit Tenant (Fitch Ratings)
- Increases - 10% (60 months)
- Remaining Term - 9 Years + Three 5-Year Options
- Zero Landlord Responsibilities
- Initial Term - 10 Years
Executive Summary
Introducing an exceptional retail investment opportunity at 5161 W Overland Rd, Boise, ID. This impressive property features a ±4,712 SF building, constructed in 2001 and situated in the sought-after Boise area. Zoned MX-3, this prime location offers a compelling investment proposition. The property boasts an absolute net leased investment with an A+ credit tenant (Fitch Ratings), delivering zero landlord responsibilities. Additionally, with attractive increases of 10% every 60 months, an initial term of 10 years, and a remaining term of 9 years along with three 5-year options, this opportunity is primed for long-term success.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,712 SF
Building Class
B
Year Built
2001
Price
$2,570,181
Price Per SF
$545.45
Cap Rate
5.50%
NOI
$141,360
Percent Leased
74%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
0.61 AC
Zoning
MX-3 - City of Boise -MX-3
Parking
54 Spaces (44.41 Spaces per 1,000 SF Leased)
Frontage
145’ on Overland Rd
Amenities
- 24 Hour Access
- Banking
- Bus Line
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
Property Taxes
| Parcel Number | R1580340080 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,031,200 |
Property Taxes
Parcel Number
R1580340080
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,031,200
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