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610 W Idaho St 10,890 SF Retail Building Boise, ID 83702 $5,799,840 ($532.58/SF) 5% Cap Rate
Investment Highlights
- Quality Tenancy Property
- Excellent Property Fundamentals
- High Traffic Downtown Retail Location
Executive Summary
Quality Tenancy Property
• 100% Occupied
• Single Tenant Property with no Landlord responsibility
• Includes Liquor License
• High Quality, High Profile Tenant
High Traffic Downtown Retail Location
• High traffic area with 16,000 VPD on N. Capitol Boulevard and 11,000 VPD on W. Idaho Street
• Surrounded by major traffic drivers including Idaho State Capitol Building, The Grove Plaza, Boise Centre, Chase Bank and Key Financial Center & City Hall
Excellent Property Fundamentals
• Market rents with 3% annual increases
• High Quality finishes throughout
• Located in the heart of Downtown Boise
• 100% Occupied
• Single Tenant Property with no Landlord responsibility
• Includes Liquor License
• High Quality, High Profile Tenant
High Traffic Downtown Retail Location
• High traffic area with 16,000 VPD on N. Capitol Boulevard and 11,000 VPD on W. Idaho Street
• Surrounded by major traffic drivers including Idaho State Capitol Building, The Grove Plaza, Boise Centre, Chase Bank and Key Financial Center & City Hall
Excellent Property Fundamentals
• Market rents with 3% annual increases
• High Quality finishes throughout
• Located in the heart of Downtown Boise
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
10,890 SF
Building Class
B
Year Built/Renovated
1940/2021
Price
$5,799,840
Price Per SF
$532.58
Cap Rate
5%
NOI
$289,992
Tenancy
Single
Building Height
1 Story
Building FAR
1.00
Lot Size
0.25 AC
Zoning
C-5HDC
Frontage
84’ on Idaho St
Amenities
- Bus Line
- Restaurant
- Signage
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- El Gaucho
- Accommodation and Food Services
- 10,582 SF
- -
- Sep 2035
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| El Gaucho | Accommodation and Food Services | 10,582 SF | - | Sep 2035 |
Exceptionally walkable
90/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R1013002800 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,198,000 |
Property Taxes
Parcel Number
R1013002800
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,198,000
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610 W Idaho St
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