1221 Parkway Dr - Freestanding FOR SALE


Blackfoot, ID 83221 | 
$3,272,727 USD
208-227-8148
1221 Parkway Dr, Blackfoot, ID for Sale
$3,272,727 USD
Freestanding - FOR SALE
1/7
null | 5.5% Cap Rate

1221 Parkway Dr
Blackfoot, ID 83221


HIGHLIGHTS

  • 100% occupied by Starbucks under a corporate NNN lease extending through April 2036.
  • Lease includes 10% rent increases every five years, plus four additional five-year renewal options.
  • Newly constructed freestanding retail building with landlord responsibilities limited to the roof and structure.
  • Positioned on an outparcel to a Walmart generating approximately 2.4 million annual visits.
  • Located just 0.3 miles from I-15 Exit 93, with exposure to approximately 18,500 vehicles per day.

OVERVIEW

New 2026 Construction | Corporate Starbucks NNN Investment This newly constructed 2,316 SF freestanding Starbucks in Blackfoot, Idaho, offers an attractive investment opportunity with a new 10-year corporate NNN lease extending through April 2036. The property is 100% occupied by Starbucks, providing investors with long-term contractual income and limited landlord responsibilities, which are restricted to the roof and structure. The lease includes 10% rent increases every five years, along with four additional five-year renewal options, providing built-in contractual rent growth and potential for long-term tenancy. Situated on a 0.99-acre outparcel to Walmart, the property benefits from a high-traffic retail environment with Walmart generating approximately 2.4 million annual visits and ±200,000 monthly visits. The property offers immediate access to I-15, located approximately 0.3 miles from Exit 93, with frontage along Bergener Boulevard and exposure to approximately 18,500 vehicles per day. The surrounding retail node includes a strong concentration of national retailers, restaurants, and service businesses, reinforcing the location as a primary commercial destination in Blackfoot. Convenient regional access to Idaho Falls and Pocatello/Chubbuck further enhances the property's location and long-term investment appeal.

FOR SALE DETAILS

PRICE

$3,272,727 USD

PRICE/SF

$1,413 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

C2

APN/PARCEL ID

RP1315403

ASK ABOUT THIS PROPERTY

Brent Wilson CLSTOK CommercialMore Info
208-227-8148

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Brent Wilson CLSTOK CommercialMore Info
208-227-8148

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