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28840941
28840942

347 E State St, Eagle, ID 83616

MR
ID SP55166
Goldman Ryden
LG
ID SP32488
Goldman Ryden
Listed by Goldman Ryden
$2,750,000
182 days on market
Updated 36 days ago

Single Tenant Net Leased Investment | 15yr Lease | Boise ID

Details
Property Type Mixed Use, Retail (+1)
Sub Type Auto Shop
Square Footage 3,602
Cap Rate 6.55%
NOI $180,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 12/14/2040
Remaining Term 14.5
Rent Bumps Yes
Price per SqFt $833
Broker Co-Op Yes
Investment Type Sale/Leaseback
Lease Commencement 12/15/2025
Ground Lease No
Ownership Fee Simple

Absolute NNN | Zero Landlord Responsibilities | Boise MSA | Annual Bumps

Marketing description

This offering represents a rare opportunity to acquire an institutional quality asset in the premier Eagle Idaho submarket, the most affluent and sought after area in the Treasure Valley. The property is occupied by Blue Wrench LLC DBA Eagle Auto Repair, a highly profitable operator and business that has been at this location for decades and has entered into a brand new 15-year absolute NNN lease. The lease structure provides zero landlord responsibilities and delivers a truly passive and turnkey investment. Annual rent increases support predictable income growth and offer natural protection against inflation. The strict zoning framework in Eagle limits competition and creates meaningful barriers to entry, helping preserve long term value. The property sits within the rapidly expanding Boise MSA, one of the fastest growing and most desirable real estate markets in the country.

This investment is well suited for local or out of area buyers seeking secure and dependable cash flow backed by a tenant with a proven operating history and clear commitment to the site. With strong fundamentals, an irreplaceable location, and long term stability, this asset stands out as a high quality addition to any portfolio.

Investment highlights

  • Premier Eagle, Idaho location within the most affluent and desirable real estate submarket in the Treasure Valley.

  • Long-established, highly profitable Blue Wrench LLC tenant operating at this site for decades.

  • Brand-new 15-year absolute NNN lease.

  • Zero landlord responsibilities, offering a truly passive, turnkey investment.

  • Annual rent increases provide built-in inflation protection and long-term income growth.

  • Strict Eagle zoning creates strong barriers to entry, limiting competition and preserving property value.

  • Situated within the rapidly growing Boise MSA, one of the nation’s fastest-growing and most desirable CRE markets.

  • Ideal for out-of-area investors seeking secure, stable, and dependable cash flow.

  • Tenant demonstrates strong commitment to location, reinforcing long-term occupancy stability.

  • Institutional-quality real estate located in the best part of town with durable long-term fundamentals.

Listing Contacts

MR
ID SP55166
Goldman Ryden
LG
ID SP32488
Goldman Ryden
Listed by Goldman Ryden

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$180,000.00
$15,000.00/mo

Valuation Metrics

0
DSCR
6.55%
Cap Rate
6.55%
ROI

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Additional Information

Name
Matt Ryden
License
SP55166
Brokerage Phone
2086084089
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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