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34268923
34268922

211 W. Parkcenter Blvd, Boise, ID 83706 For Sale

JS
ID SP26430
TOK Commercial
Listed by TOK Commercial
$3,750,000
404 days on market
Updated 14 days ago

Red Robin - Absolute NNN leased Boise Idaho

Details
Property Type Retail
Sub Type Restaurant, Free Standing Building
Square Footage 6,155
Net Rentable (SqFt) 6,155
Cap Rate 6.01%
NOI $225,496
Occupancy 100%
Tenancy Single
Brand/Tenant Red Robin
Lease Type Absolute NNN
Lease Expiration 05/30/2032
Rent Bumps Yes
Lease Options 4, 5-year options
Year Built 1982
Year Renovated 2003
Buildings 1
Stories 1
Acreage 1.310
Zoning L-OD
Investment Type Net Lease
Tenant Credit Corporate Guarantee

Absolute NNN ideal 1031 exchange

Marketing description

A key investment opportunity located at 211 W. Parkcenter Blvd, Boise, ID. This 6,155 SF free standing building, originally constructed in 1982 and meticulously renovated in 2003, offers an attractive addition to any investor's portfolio. Zoned L-OD and fully occupied, this property presents a strong foundation for retail or other commercial ventures. With its strategic placement in the Boise MSA area, it provides a valuable platform for business growth and development.

Within minutes of Downtown Boise, the property offers an exceptional investment opportunity in a prime location off of Parkcenter Boulevard. Situated amidst the stunning natural beauty of Idaho, the location provides a perfect blend of urban convenience and scenic surroundings. Investors will appreciate the area's strong market potential, promising a lucrative opportunity in the heart of Boise's bustling economy.

Investment highlights

  • No management involvement
  • Fully leased, freestanding Red Robin restaurant property for sale
  • Fantastic absolute NNN leased corporate guaranteed investment opportunity
  • Prominently positioned with strong demographics as the only Red Robin in the downtown area
  • Located near BSU Campus, high traffic Broadway Avenue and surrounded by major business parks on Parkcenter including the Albertsons corporate headquarters

Listing Contacts

JS
ID SP26430
TOK Commercial
Listed by TOK Commercial

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$225,496.00
$18,791.33/mo

Valuation Metrics

0
DSCR
6.01%
Cap Rate
6.01%
ROI

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