3423 Ustick rd
Meridian, ID 83646
Northeast Meridian
HIGHLIGHTS
- WaFd recently signed an initial lease term of ten (10)-years with two (2), five (5)-year options to extend, demonstrating their long-term commitment.
- The lease contains strong ten percent (10%) rent increases every five (5) years throughout lease term (including primary and option periods).
- WaFd Bank (NASDAQ: WAFD) has been in business since 1917 and has over 200 branches in nine (9) states.
- WaFd Bank is an ideal low management investment for a passive investor.
- The ground-up construction of the +/-3,100 sq. ft. branch is the new prototype design and includes a drive-thru.
- The large approximately 32,000 sq. ft. lot has multiple access points from both Ustick Road and Eagle Road.
FOR SALE DETAILS
PRICE
$2,995,000 USD
CAP RATE
5.07%
% LEASED
-
TENANCY
Single
STATUS
Under Construction
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Washington Federal Bank
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Bank
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.76 AC
LAND SF
32,931 SF
ZONING
C-G
APN/PARCEL ID
R8048320080
ASK ABOUT THIS PROPERTY
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818-259-0476
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818-259-0476
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