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Investment Highlights

  • New Build
  • Large Retail Presence within 1 Mile

Executive Summary

2,293 Square Foot retail condos.

1 Unit Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit 110
  • 809 SF
  • Office/Retail
  • $791,100 ($977.87/SF)
  • $49,056
Sale Type Investment or Owner User
Cap Rate 6.20%
Description
Investment/Retail Space available for sale exclusively located in the center of charismatic Eagle ID’s Olde Towne business district. Property includes cool patio setting adjacent to wooded creek and city footbridge connecting Olde Towne to shopping center.
Within a block radius there are many restaurants, small shops, boutiques, services, entertainment and banking, shadow anchored by Albertsons and Walgreens. Heavy daytime pedestrian traffic, vibrant evening & weekend activity. Location also benefits from city sponsored events.
Property is easy to rent. Current 5-yr lease expires 3/31/2031. This newly constructed authentically detailed mixed-use building maintained by building association, with triple net lease in place, leaves little to nothing for landlord to do. Caps at 6.2%.
Sale Notes
  • The space shares a city walking path corridor and is next door to women’s hair salon with strong steady business, women’s clothing and floral shops, and then only a few steps more to Eagle Paza shopping mall, and more.
  • Space complete to support commercial kitchen (equipment belongs to current tenant), dining area and sales counter detailed consistent with building’s exterior era.
  • 425 SF outdoor dining raised brick paved patio with planter spaces fully enclosed w/decorative wrought iron railing and overhead steel frame system for installation of lighting and/or shading systems.
    Fronts city walking path, bridge, scenic creek and trees, park like setting, perfect for outdoor dining.
Unit Unit Size Condo Use Price NOI
Unit 110 809 SF Office/Retail $791,100 ($977.87/SF) $49,056

Unit 110

Unit Size
809 SF
Condo Use
Office/Retail
Price
$791,100 ($977.87/SF)
NOI
$49,056

Unit 110

Unit Size 809 SF
Condo Use Office/Retail
Price $791,100 ($977.87/SF)
NOI $49,056
Sale Type Investment or Owner User
Cap Rate 6.20%
Description
Investment/Retail Space available for sale exclusively located in the center of charismatic Eagle ID’s Olde Towne business district. Property includes cool patio setting adjacent to wooded creek and city footbridge connecting Olde Towne to shopping center.<br> Within a block radius there are many restaurants, small shops, boutiques, services, entertainment and banking, shadow anchored by Albertsons and Walgreens. Heavy daytime pedestrian traffic, vibrant evening &amp; weekend activity. Location also benefits from city sponsored events.<br> Property is easy to rent. Current 5-yr lease expires 3/31/2031. This newly constructed authentically detailed mixed-use building maintained by building association, with triple net lease in place, leaves little to nothing for landlord to do. Caps at 6.2%.</li></ul>
Sale Notes
<ul style="list-style: disc; padding: 0px 0px 0px 40px"><li> The space shares a city walking path corridor and is next door to women’s hair salon with strong steady business, women’s clothing and floral shops, and then only a few steps more to Eagle Paza shopping mall, and more.<br> </li><li> Space complete to support commercial kitchen (equipment belongs to current tenant), dining area and sales counter detailed consistent with building’s exterior era. <br> </li><li> 425 SF outdoor dining raised brick paved patio with planter spaces fully enclosed w/decorative wrought iron railing and overhead steel frame system for installation of lighting and/or shading systems.<br> Fronts city walking path, bridge, scenic creek and trees, park like setting, perfect for outdoor dining.</li></ul>

Property Facts

The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 15,600 SF
Property Type
Retail (Condo)
  • General Retail Storefront
Building Class B
Floors 3
Typical Floor Size 5,200 SF
Year Built 2024
Lot Size 0.40 AC
Zoning CBD-DDA - Central Business District.
Moderately walkable
60/100
Very drivable
80/100
Moderately bikeable
70/100

Major Tenant Information Click Here to Access

TENANT SF Occupied LEASE END DATE
Sourdough & Sage - Jan 0000

Nearby Major Retailers

Anytime Fitness
Starbucks
Albertsons
Wells Fargo Home Mortgage
Cafe Rio
Smoky Mountain Pizzeria Grill
WaFd Bank
U.S. Bank
CrossFit E3
Happy Teriyaki
  • Listing ID: 31976614

  • Date on Market: 5/31/2024

  • Last Updated:

  • Address: 79 Aikens Rd, Eagle, ID 83616

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