3930 W State St - Auto Repair FOR SALE


Boise, ID 83703- Veterans Park
$2,325,600 USD
208-947-0835
3930 W State St, Boise, ID for Sale
$2,325,600 USD
Auto Repair - FOR SALE
1/11
null | 5.5% Cap Rate

3930 W State St
Boise, ID 83703
Veterans Park


HIGHLIGHTS

  • Long-Term Absolute NNN Lease
  • Strong National Credit Tenant
  • High-Quality Asset

OVERVIEW

This offering is a 100% leased, absolute NNN Valvoline Instant Oil Change property located at 3930 W State St in Boise, Idaho, offered at $2,325,600 with $127,908 NOI at a 5.50% cap rate. The asset consists of a 3,317 SF freestanding retail building situated on 0.6 acres, completed in 2019, and zoned MX-3 (Mixed-Use 3), Boise’s premier high-density mixed-use designation. The property is 100% leased to Valvoline, LLC, operating under Valvoline Inc. (NYSE: VVV), a publicly traded automotive service platform with more than 1,800 locations nationwide and a 150+ year operating history. The long-term absolute NNN lease structure provides passive ownership with no landlord responsibilities and features scheduled rental increases and multiple extension options, creating durable income growth and long-term stability.

FOR SALE DETAILS

PRICE

$2,325,600 USD

PRICE/SF

$1,464 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

C1

APN/PARCEL ID

R9441000405

ASK ABOUT THIS PROPERTY

Mike Greene CCIM, SIORTOK CommercialMore Info
208-947-0835

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Mike Greene CCIM, SIORTOK CommercialMore Info
208-947-0835

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