Single Tenant NNN Leased Investment - Grocery Outlet
15 YEAR NNN LEASED INVESTMENT - GROCERY OUTLET | 5.50% CAP | 16,000 SF
Marketing description
JUST LISTED - NEW GROCERY OUTLET
15 YEAR NNN LEASED INVESTMENT
AT THE BLACK CANYON VILLAGE
2175 South Substation Road, Emmett, ID 83617
SALE PRICE: $6,490,909
NOI: $357,000
CAP RATE: 5.5%
TERM: 15 Years
OPTIONS: 4 – 5 Yr Renewals
INCREASES: 10%
BUILDING: 16,000 SF
LOT: 2.09 Acres
YEAR BUILT: 2025
ZONING: C1
PARCEL #: RPC9300B010040
Investment highlights
Summit Commercial Real Estate Group has been retained as the exclusive agent in the sale of a 16,000 square foot freestanding single tenant Grocery Outlet at the Black Canyon Village.
Construction of the building was recently completed with a grand opening on April 24th, the tenant is now open and operating.
The property is located in a growing City in the State of Idaho. The five-year projection for the population in the area is 17,200 representing a change of 1.38% annually from 2024 to 2029. The five-year projection of households is 6,468, a change of 1.16% annually from the current year total.
This property is on Highway 16 which now provides direct access to Interstate 84, & it benefits from unobstructed visibility. Located in a rural Idaho community and surrounded by a 15 minute drive time population of 24,646 - 8,885 households - $75,544 median household income - $107,465 average household income (2024). Current traffic counts exceed 12,000 cars per day on Highway 16 and it is the primary thoroughfare leading into Emmett.
Surrounding tenants include Starbucks - New - Opening Soon, Albertsons, Sonic, & Papa Murphy’s.
Access to the property is simplified by its multiple curb-cuts and cross-access from the neighboring developments.
This building is in growing development corridor - current surrounding retailers, restaurants, and business include Bi-Mart, D&B Supply, Tractor Supply, Subway, Dollar Tree, Maverik, Walgreens, Chevron, Elements, Stinker Store, McDonald’s, Taco Bell, Arctic Circle, T-Mobile, Happy Teriyaki, Jacksons, Peak Fitness, Pizza Factory, Domino’s Pizza, Ranger District.
Contact agents for additional information.
Google Map View: https://bit.ly/4iYNOeA
Drone Footage Here: https://bit.ly/43aKuam
360 View: https://bit.ly/44qynbg
Highway 16 Expressway: https://itdprojects.idaho.gov/pages/sh16design
About Grocery Outlet: https://investors.groceryoutlet.com/
1, 3 & 5 Mile Demographics: https://bit.ly/42H7q1M
1, 3 & 5 Mile Key Facts: https://bit.ly/4lXS8gR
5, 10 & 15 Minute Drive Time Demos: https://bit.ly/3GA6Om6
About Emmett: www.cityofemmett.org/citylinks
Boise Valley Regional Overview: https://bvep.org/why-boise/
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