Circle K (Ground Lease)
Retail | 5.00% CAP | 6,656 SqFt
Marketing description
70 N. Beck Road is a 6,656 SF retail pad site built in 2024, offered for sale at $3,018,000. The property is situated on a 1.91-acre parcel within The Pointe at Post Falls, one of North Idaho's most dynamic and rapidly expanding commercial corridors anchored by Cabela's and Walmart.
Located at the Idaho/Washington State line interchange off I-90 Exit 1, this well-positioned retail property sits adjacent to major national tenants including Cabela's, Walmart, Dutch Bros, Taco Bell, Wendy's, Starbucks, and Panda Express, delivering exceptional freeway visibility and strong daily customer draw.
Post Falls is the fastest-growing city in North Idaho and one of the top 100 fastest-growing cities in the United States, supported by explosive population growth, rising median home values, and a diversified economy anchored by healthcare, manufacturing, retail, and logistics.
Investment highlights
- Corporate Credit Tenant
- Lease assigned to Circle K Stores Inc.
- Globally recognized convenience and fuel retailer
- Strong institutional credit profile
- Significant operational scale and long-term real estate commitment
- Absolute NNN Ground Lease
- True passive investment structure
- Tenant responsible for: Taxes, Insurance, Maintenance, Operating expenses
- Zero landlord responsibilities
- Long-Term Lease Security
- 15-year primary lease term
- Four (4) additional 5-year options
- Built-In Rent Growth
- 10% rent increases every 5 years
- Strategic Real Estate Positioning
- Approximately 1.9-acre site
- Located at a high-traffic intersection in Post Falls
- Prominent hard-corner positioning
- Strong visibility and accessibility
- Regional growth corridor with expanding residential development
- Tenant maintains ROFR on property sale
- ROFR proves strategic importance of the site with long-term commitment
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