245 Thain Rd - Retail FOR SALE


Lewiston, ID 83501- Nez Perce
$1,095,000 USD
208-947-0844
245 Thain Rd, Lewiston, ID for Sale
$1,095,000 USD
Retail - FOR SALE
1/6
null | 5.75% Cap Rate

245 Thain Rd
Lewiston, ID 83501
Nez Perce


HIGHLIGHTS

  • Excellent single tenant, NNN leased investment opportunity.
  • 100% leased to long-term, stable tenant with a new, 15-year lease as of 12/1/24.
  • 6% rent escalation at Year 4, then 2% annual escalations thereafter.
  • Currently owner-occupied, with recent property improvements including new asphalt, paint, and interior upgrades.
  • Tenant is Jackman Tire (formerly American Tire) a proven area tire and automotive service company with plans to expand.
  • Prominent location on Lewiston’s primary retailer, services, and commuting arterial — Thain Road — visible to over 18,231 vehicles per day.

OVERVIEW

Introducing an exceptional investment opportunity at 245 Thain Road in Lewiston, Idaho. This 3,072 SF freestanding building presents an ideal single-tenant NNN leased opportunity. The property is 100% leased to the esteemed Jackman Tire, (formerly American Tire), with a new, 15-year lease which began December 1, 2024. The lease includes a 6% rent escalation at Year 4, followed by 2% annual escalations thereafter. Boasting recent property enhancements such as fresh asphalt, paint, and interior upgrades, this property is set to provide an excellent return on investment. With high visibility to over 18,231 vehicles daily on Thain Road, this is a well-positioned property in the Lewiston market. Excellent single tenant, NNN leased investment opportunity. 100% leased to long-term, stable tenant with a new, 15-year lease as of 12/1/24. 6% rent escalation at Year 4, then 2% annual escalations thereafter. Currently owner-occupied, with recent property improvements including new asphalt, paint, and interior upgrades. Tenant is Jackman Tire (formerly American Tire) a proven area tire and automotive service company with plans to expand. Prominent location on Lewiston’s primary retailer, services, and commuting arterial — Thain Road — visible to over 18,231 vehicles per day. Surrounded by popular area restaurants and services including Arby’s, Chevron, Rosauers, Potlatch Federal Credit Union, Mike’s Mechanical, and more.

FOR SALE DETAILS

PRICE

$1,095,000 USD

PRICE/SF

$356 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

C-3

APN/PARCEL ID

RPL00040080150

ASK ABOUT THIS PROPERTY

Michael KellerTOK CommercialMore Info
208-947-0844

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Michael KellerTOK CommercialMore Info
208-947-0844

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