16072 N Westwood Dr - Freestanding FOR SALE


Rathdrum, ID 83858
$1,080,000 USD
206-475-5578
16072 N Westwood Dr, Rathdrum, ID for Sale
$1,080,000 USD
Freestanding - FOR SALE
1/11
null | 5% Cap Rate

16072 N Westwood Dr
Rathdrum, ID 83858


OVERVIEW

16072 N Westwood Dr is a ground lease site occupied by AutoZone, offered at $1,080,000 at a 5.00% cap rate. The 0.83-acre (36,155 SF) parcel is located in Rathdrum, Idaho, a fast-growing community in Kootenai County, minutes from Coeur d'Alene and the Idaho–Washington border. The lease is corporately guaranteed by AutoZone Parts, Inc., which holds investment-grade credit ratings of BBB (S&P) and Baa1 (Moody's). Structured as a true Absolute NNN ground lease, the investment requires zero landlord management and is ideal for out-ofstate or passive ownership. Rathdrum has grown 19.7% since 2020 within a 3-mile radius, adding residents at 3.9% per year. A 157-acre mixed-use development is underway nearby. The AutoZone sits adjacent to the #1 performing Super 1 Foods in the country, one of the strongest co-tenancy positions in the market.

FOR SALE DETAILS

PRICE

$1,080,000 USD

PRICE/SF

$154 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,432 SF

ZONING

-

APN/PARCEL ID

R8400001001A,R84000010020

ASK ABOUT THIS PROPERTY

206-475-5578

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206-475-5578

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