51 N Union St - Retail FOR SALE


Star, ID 83669
$3,212,000 USD
208-867-0189
51 N Union St, Star, ID for Sale
$3,212,000 USD
Retail - FOR SALE
1/7
null | 6% Cap Rate

51 N Union St
Star, ID 83669


HIGHLIGHTS

  • Functionally a single-tenant investment structure; both tenants operated by same experienced franchise group
  • Brand new 2024 construction
  • Passive lease structure creating a ease of managment
  • Taxes, insurance, and CAM reimbursed by tenants
  • Boise MSA exposure with continued in-migration
  • Long-term 10-year NNN leases

OVERVIEW

While technically a two-tenant asset, both locations are owned and operated by the same experienced group. This provides coordinated management, centralized oversight, and simplified communication for ownership. The asset effectively operates as a single-tenant NNN investment with diversified brand exposure and minimal landlord responsibilities. THE LEASES ARE PASSIVE IN NATURE, MAKING THIS A VERY HANDS OFF LANDLORD FRIENDLY SECURE INVESTMENT.

FOR SALE DETAILS

PRICE

$3,212,000 USD

PRICE/SF

$815 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

8,015 SF

ZONING

R-4

APN/PARCEL ID

R8108000236

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.