Belmont Plaza is a 100% occupied multi-tenant retail center located at one of the Treasure Valley’s busiest intersections at Fairview Avenue & File Mile Road.
The property has been completely remodeled and subdivided into mid-box suites, plus 1 shop suite. A former Kmart, the building now consists of six suites ranging in size from 12,000 to 17,850 square feet. Belmont Plaza also contains a 29,160 SF Savers Store.
The property is well positioned for a new owner to benefit from in-place income. Low base rents ($6.09/SF average) and low NNN’s ($2.29/SF) make Belmont Plaza an affordable center for tenants.
Low rents, with annual increases provide upside for a buyer. The offering price of $112/SF is well below replacement cost.
2% fee to Buyer’s Agent.