2606 S Broadway Ave - Auto Repair FOR SALE


Boise, ID 83706- Southeast Boise
$1,727,273 USD
208-867-0189
2606 S Broadway Ave, Boise, ID for Sale
$1,727,273 USD
Auto Repair - FOR SALE
1/2
null | 5.5% Cap Rate

2606 S Broadway Ave
Boise, ID 83706
Southeast Boise


HIGHLIGHTS

  • Strong multi-unit operator with locations 15 locations in ID, OR & WA.
  • Absolute NNN structure eliminates management, capex, and expense risk. Zero Landlord Responsibilities.
  • Rare opportunity to own a generational piece of real estate in one of the hottest markets in US.
  • Perfect hands off investment for out of town buyer.
  • Irreplaceable infill location along South Broadway corridor.
  • Close proximity to Boise State, I-84, and Downtown Boise.

OVERVIEW

This offering presents the opportunity to acquire a Take 5 Oil Change ground lease secured by a newly executed 20 year absolute NNN ground lease with zero landlord responsibilities. The tenant is a strong multi-unit operator with 15 locations across Idaho, Oregon and Washington. Lease commencement occurs at close of escrow with expiration 20 years thereafter. The asset is positioned on one of the busiest corridors in Boise just off the I 84 interchange with close proximity to Boise State University, the airport and downtown Boise making it a highly visible and irreplaceable location. The investment offers a truly hands off opportunity ideal for out of town investors seeking long term passive income in one of the strongest growth markets in the United State

FOR SALE DETAILS

PRICE

$1,727,273 USD

PRICE/SF

$1,354 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

National Brand | 20 Year Lease | ABS NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding, Service Station, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

ZC-268

APN/PARCEL ID

R4432500042

ASK ABOUT THIS PROPERTY

Lew GoldmanGoldman | Ryden Real Estate Investment ServicesMore Info
208-867-0189

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Lew GoldmanGoldman | Ryden Real Estate Investment ServicesMore Info
208-867-0189

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