1221 Parkway Dr - Retail FOR SALE


Blackfoot, ID 83221
$3,600,000 USD
805-889-7837
1221 Parkway Dr, Blackfoot, ID for Sale
$3,600,000 USD
Retail - FOR SALE
1/13
null | 5% Cap Rate

1221 Parkway Dr
Blackfoot, ID 83221


HIGHLIGHTS

  • Strategically positioned along Parkway Drive (±19,500+ VPD) within Blackfoot’s primary retail corridor and directly adjacent to the dominant Walmart.
  • Limited Competition/Strong Brand Dominance.
  • Stable employment: Anchors Driving Household Formation Major regional employers in agriculture processing, packaging, distribution, and healthcare.
  • Long-term lease structure with passive income, minimal landlord responsibilities, and a globally recognized credit tenant.
  • Zoning, entitlement, and construction constraints limit new drive-thru supply, enhancing store performance and real estate value.

OVERVIEW

AiCRE Partners, as exclusive investment sales advisor to Seller, is pleased to offer the opportunity to acquire the fee simple interest in the Starbucks in Blackfoot, Idaho. Built in 2026, the 2,316 SF freestanding restaurant sits on a 0.99-acre parcel with drive-thru and is operated under a 10-year NNN lease. The lease features rental increases every 5 years of the primary term as well as in each of four (4) five-year renewal options. The property is strategically positioned along Parkway Drive (±19,500+ VPD) within Blackfoot’s primary retail corridor and directly adjacent to the dominant Walmart Supercenter, the city’s leading daily-needs anchor and highest-traffic retail driver. As an outparcel within the region’s core shopping node, the site benefits from strong visibility, convenient access, and consistent cross-shopping traffic generated by grocery, discount retail, and service-oriented tenants.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$1,554 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

C2

APN/PARCEL ID

RP1315403

ASK ABOUT THIS PROPERTY

Kaveh EbrahimiAiCRE PartnersMore Info
805-889-7837

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Kaveh EbrahimiAiCRE PartnersMore Info
805-889-7837

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.