211 W Parkcenter Blvd - Restaurant FOR SALE


Boise, ID 83706- Southeast Boise
$3,900,000 USD
208-947-0814
211 W Parkcenter Blvd, Boise, ID for Sale
$3,900,000 USD
Restaurant - FOR SALE
1/10
null | 5.26% Cap Rate

211 W Parkcenter Blvd
Boise, ID 83706
Southeast Boise


HIGHLIGHTS

  • Fully leased, freestanding Red Robin restaurant property for sale.
  • Fantastic absolute NNN leased corporate guaranteed investment opportunity.
  • Prominently positioned with strong demographics as the only Red Robin in the downtown area.
  • No management involvement.
  • Located near BSU Campus, high traffic Broadway Avenue & surrounded by major business parks on Parkcenter including Albertsons corporate headquarters.

OVERVIEW

TOK Commercial is pleased to exclusively offer the fully leased, freestanding Red Robin restaurant property for sale. This single tenant property offers a fantastic absolute NNN leased, corporate guaranteed investment opportunity. Additionally, the tenant is responsible for structural repairs. Located at 211 West Parkcenter Boulevard in Boise, Idaho the property is prominently positioned with strong demographics as the only Red Robin in the downtown area. The property is located near BSU Campus, high traffic Broadway Avenue and surrounded by many major business parks on Parkcenter including the Albertsons corporate headquarters. This Red Robin offering presents a tremendous opportunity for an investor or 1031 exchange buyer to achieve healthy returns with no management involvement. With some of the lowest rents across Red Robin locations nationwide, this offering ensures a stable tenancy. Rent was restructured in June 2020 for the new 12-year lease term, demonstrating the Tenant’s long-term commitment to this location. Current lease term expires May 31, 2032.

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$634 USD /SF

CAP RATE

5.26%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

77

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

57,064 SF

ZONING

L-OD

APN/PARCEL ID

R6907020010

ASK ABOUT THIS PROPERTY

John StevensTOK CommercialMore Info
208-947-0814

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John StevensTOK CommercialMore Info
208-947-0814

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