851 N Orchard St
Boise, ID 83706
Morris Hill
HIGHLIGHTS
- The established location, in operation since 2004, will feature 10% rent increases every 5 years and at each of the four, 5-year options
- The NNN lease structure eliminates landlord maintenance or expense responsibilities, offering a true “hands-off” investment
- Located 2.6 miles from Downtown Boise, the site sits on Orchard Street, a main thoroughfare, surrounded by auto-oriented and industrial businesses
- Positioned just off the signalized intersection of Orchard and Emerald, the property benefits from daily traffic counts exceeding 19,000 vehicles
- Boise continues to attract Fortune 500 companies, including Micron Technology, which is investing more than $16 billion to expand in the region
- Anchored by Boise State University and a growing population of over 845,000 in the MSA, the city is a magnet for both talent and corporate expansion
OVERVIEW
The subject property is a Sonic Drive-in, which was renovated in 2024. Soar QSR, operator of 191+ Sonic locations nationwide, will sign a new 20-year lease at close of escrow. The lease will include 10% rent increases every five years during the base term and at the start of each of the four, 5-year renewal options.
FOR SALE DETAILS
PRICE
$1,855,000 USD
PRICE/SF
$526 USD /SF
CAP RATE
5.85%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Sonic
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2003
SPRINKLERS
-
PARKING SPACES
30
LAND DETAILS
LAND ACRES
0.75 AC
LAND SF
32,670 SF
ZONING
C-2D
APN/PARCEL ID
R8039310010
ASK ABOUT THIS PROPERTY
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562-230-5606
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562-230-5606
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