Windermere Valley Liberty Lake
Listed by Windermere Valley Liberty Lake
$1,200,000
Fully Leased Prime Retail For Sale
Details
Property Type Retail, Office
Sub Type Restaurant, Storefront
Square Footage 3,370
Net Rentable (SqFt) 3,370
Cap Rate 5.50%
Occupancy 100%
Tenancy Single
Lease Type Modified
Lease Term 10
Lease Expiration 12/30/2034
Remaining Term 8.5
Rent Bumps Yes
Lease Options 2
Broker Co-Op Yes
Year Built 2001
Year Renovated 2019
Buildings 1
Zoning Commercial
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 12/31/2024
Occupancy Date 12/31/2024
Ground Lease No
Ownership Fee Simple
Turnkey Restaurant
Marketing description
Here is your chance to purchase a fully leased retail unit on one of the busiest corners in Sandpoint, ID. Sandpoint, ID, is a high-potential investment destination driven by strong tourism, a growing tech/manufacturing base, and high demand for residential/vacation properties near Lake Pend Oreille and Schweitzer Mountain. With 9-years remaining on the the current lease, and a cap rate of 5.5%, this property ideal for a longterm hold that will benefit from market appreciation as the Sandpoint area continues to grow.
Listing Contacts
Windermere Valley Liberty Lake
Listed by Windermere Valley Liberty Lake
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