131 N Milwaukee St - Freestanding FOR SALE


Boise, ID 83704- West Bench
$8,950,000 USD
208-340-2221
131 N Milwaukee St, Boise, ID for Sale
$8,950,000 USD
Freestanding - FOR SALE
1/6
null | 6.36% Cap Rate

131 N Milwaukee St
Boise, ID 83704
West Bench


HIGHLIGHTS

  • 44,283-square-foot single-tenant retail building on a 4.11-acre (179,118 SF) parcel
  • Originally constructed in 1989 and renovated in 2014 to a modern retail prototype
  • Single-story mid-box structure in good overall condition
  • Approximately 293 feet of frontage along a major arterial (Milwaukee Street)
  • Zoned MX-3 (Mixed-Use: Active) with access to full municipal utilities
  • Level, at-grade site located in FEMA Flood Zone X (minimal flood hazard)

OVERVIEW

131 North Milwaukee Street is a 44,283-square-foot single-tenant retail building on a 4.11-acre (179,118 SF) parcel in the heart of West Boise’s primary retail corridor. The mid-box improvement was originally constructed in 1989 and fully renovated in 2014 to Dick’s Sporting Goods’ prototype. It is a single-story building in good condition, 100% occupied by Dick’s Sporting Goods (Store #1202). The site offers approximately 293 feet of frontage along Milwaukee Street, a north/south arterial carrying roughly 22,000 vehicles per day, with two travel lanes in each direction and a center turn lane. Access is provided by a curb cut on Milwaukee Street together with reciprocal cross-access and parking easements shared with the surrounding Westpark Towne Plaza. The level, at-grade parcel is zoned MX-3 (Mixed-Use: Active) by the City of Boise, sits in FEMA Flood Zone X (minimal flood hazard), and is served by all municipal utilities. CBRE estimates a remaining economic life of approximately 30 years.

FOR SALE DETAILS

PRICE

$8,950,000 USD

PRICE/SF

$202 USD /SF

CAP RATE

6.36%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dick's Sporting Goods

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

300

LAND DETAILS

LAND ACRES

4.11 AC

LAND SF

179,119 SF

ZONING

C-2D

APN/PARCEL ID

R8514770104

ASK ABOUT THIS PROPERTY

JP GreenTOK CommercialMore Info
208-340-2221

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

JP GreenTOK CommercialMore Info
208-340-2221

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