398 S Eagle Rd - Restaurant FOR SALE


Eagle, ID 83616- Outer Meridian
$1,600,000 USD
208-975-4447
398 S Eagle Rd, Eagle, ID for Sale
$1,600,000 USD
Restaurant - FOR SALE
1/31
null | 5.62% Cap Rate

398 S Eagle Rd
Eagle, ID 83616
Outer Meridian


HIGHLIGHTS

  • TENANT OPERATING FOR 35 YEARS
  • ABSOLUTE NNN LEASE
  • ZERO LANDLORD RESPONSIBILITY
  • UNDER-MARKET RENT
  • FIFTEEN YEAR TERM
  • GUARANTEED BY FLYING PIE WITH 7 LOCATIONS

OVERVIEW

JUST LISTED - SALE LEASEBACK - FLYING PIE - EAGLE, IDAHO - 15 YEAR ABSOLUTE NNN LEASED INVESTMENT - Summit Commercial Real Estate Group has been retained as the exclusive agents in the sale of a 2,560 square foot Flying Pie Pizzaria located at State St/Hwy 44 & Eagle Rd/Hwy 55, in a very walkable area in downtown Eagle. The operator has a strong local following and has been operating in the Treasure Valley for over 40 years and has 7 locations. Flying Pie Pizzaria - Eagle, Idaho provides the opportunity for an investor to acquire a stable investment backed by a 15 year personally guaranteed NNN lease with no landlord responsibilities. Launched as a pie in the sky idea in 1978, Flying Pie is now a much beloved homegrown institution, with hot spots in Boise, Meridian Eagle and Nampa. Our pizzas may go in a box, but we think outside of it. (And inside of it too, of course, because that’s where the delicious lives.) Like our dough, this out-of-the-box mindset forms the foundation of what makes us whirled famous. Brand Promise: NOBODY’S gonna OUTFLY Flying Pie. Brand Mission: Flying Pie is dedicated to creating repeatedly excellent experiences—often centered on a pizza meal. We show our integrity and practice of lifelong learning. We celebrate our imperfect results while looking for ways to improve them. We create an environment in which employees contribute and feel valuable. We invite customers into our inclusive community. Brand Vision: Make people’s Flying Pie visit the highlight of their week!. Flying Pie was voted Best Pizza in Idaho by USA Today in 2010 and has won over 40 pizza awards in the last 25 years. They’ve even been on the Travel Channel’s “Man v. Food”. This building is in growing commercial development corridor, current surrounding retailers, restaurants and business include: Albertsons Grocery Store, Cafe Rio, McDonald’s, Idaho Pizza Company, Wendy’s, Smokey Mountain Pizza, Walgreens, Primary Health, Saint Alphonsus, Subway, Papa John’s Pizza, and Papa Murphy’s.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$625 USD /SF

CAP RATE

5.62%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Flying Pie 15 Year Absolute NNN Investment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

CBD-DA

APN/PARCEL ID

R6951340200

ASK ABOUT THIS PROPERTY

Andrea NilsonSummit Commercial Real Estate GroupMore Info
208-975-4447

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Andrea NilsonSummit Commercial Real Estate GroupMore Info
208-975-4447

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