Multi-Tenant Retail Building For Sale

10477 W. Fairview Avenue, Boise, ID

$12,700,000

Price

7%

Cap Rate

$889,885

NOI

Overview
Cap Rate
7%
NOI
$889,885
Building Size
113,576 sqft
Lot Area
9.349 acres
Lease Type
Triple Net
Price Per Sqft
$112
Description

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.

Documents
Title
Weblink
Offering Memorandum
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Location
Gallery