Listed by Colliers - Boise, Idaho
$5,799,840
NNN Investment Opportunity | El Gaucho | For Sale
Details
Property Type Retail
Sub Type Restaurant
Square Footage 10,582
Units 1
Cap Rate 5.00%
NOI $294,285
Tenancy Single
Lease Type NNN
Lease Term 10
Lease Expiration 09/30/2035
Year Built 1940
Year Renovated 2025
Acreage 0.250
Ground Lease No
NNN Investment Opportunity | El Gaucho | For Sale
Marketing description
- Lease Type NNN Lease
- Lease Term 10 Years | Expires 9/30/35
- NOI (effective 10/01/26) $294,285
- Rent Rate $27.00/SF
- Cap Rate 5%
Investment highlights
- 100% Occupied
- Single Tenant Property with no Landlord responsibility
- Includes Liquor License
- High Quality, High Profile Tenant
- Surrounded by major traffic drivers including Idaho State Capitol Building, The Grove Plaza, Boise Centre, Chase Bank and Key Financial Center & City Hall
- Market rents with 3% annual increases
- Over $3 million in upgrades invested in the property
Listing Contacts
Listed by Colliers - Boise, Idaho
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$294,285.00
$24,523.75/mo
Valuation Metrics
0
DSCR
5.07%
Cap Rate
5.07%
ROI
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