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5912 Cleveland Blvd - Cobblestone Auto Spa 6,768 SF Specialty Building Offered at $7,250,000 at a 6.50% Cap Rate in Caldwell, ID 83607
INVESTMENT HIGHLIGHTS
- Cobblestone Auto Spa Corporate Guarantee
- Growing Industry
- Bonus Depreciation Opportunity
- Dense Retail Corridor
EXECUTIVE SUMMARY
Bang Realty and Marcus and Millichap are pleased to present the exclusive listing for a Cobblestone Auto Spa located at 5912 Cleveland Blvd, Caldwell, ID 83607. The site consists of roughly 6,768 rentable square feet of building space on an estimated 1.6-acre parcel of land. This Cobblestone Auto Spa is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $471,250 and has scheduled increases of 1.50% annually.
PROPERTY FACTS
| Price | $7,250,000 | Lot Size | 1.60 AC |
| Price Per SF | $1,071.22 | Building Size | 6,768 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.50% | Year Built | 2019 |
| Property Type | Specialty |
| Price | $7,250,000 |
| Price Per SF | $1,071.22 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Property Type | Specialty |
| Lot Size | 1.60 AC |
| Building Size | 6,768 SF |
| No. Stories | 1 |
| Year Built | 2019 |
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PROPERTY TAXES
| Parcel Number | 3246200000 | Improvements Assessment | $1,530,000 |
| Land Assessment | $903,260 | Total Assessment | $2,433,260 |
PROPERTY TAXES
Parcel Number
3246200000
Land Assessment
$903,260
Improvements Assessment
$1,530,000
Total Assessment
$2,433,260
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5912 Cleveland Blvd - Cobblestone Auto Spa
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