1701 W Franklin Rd - Freestanding FOR SALE


Meridian, ID 83642- Southwest Meridian
$1,600,000 USD
646-805-1438
1701 W Franklin Rd, Meridian, ID for Sale
$1,600,000 USD
Freestanding - FOR SALE
1/7
null | 6.1% Cap Rate

1701 W Franklin Rd
Meridian, ID 83642
Southwest Meridian


HIGHLIGHTS

  • Franchisee Guaranteed Lease | Options To Extend | Scheduled Rental Increases
  • NN | Fee Simple Ownership | Minimal Landlord Responsibilities
  • The Village At Meridian | Primary Retail Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• Yarnall Operations, LLC (6+ Unit Operator) Franchisee guaranteed lease • The tenant, Dutch Bros has 8+ years remaining with 2 (5-year) option periods to extend • The lease features 3% annual increases throughout the initial term and 10%rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$2,832 USD /SF

CAP RATE

6.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

C-C

APN/PARCEL ID

R8956000052

ASK ABOUT THIS PROPERTY

Michael GrunbergSRS National Net LeaseMore Info
646-805-1438

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Michael GrunbergSRS National Net LeaseMore Info
646-805-1438

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