Listed by Goldman Ryden
$6,712,000
Fall River Retail Center
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 13,757
Cap Rate 6.50%
NOI $436,282
Occupancy 100%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Class A
Year Built 2024
Buildings 1
Acreage 1.950
Investment Type Net Lease
Ground Lease No
Retail | 6.50% CAP | 13,757 SqFt
Marketing description
Fall River Retail Center is a newly constructed, 100% occupied retail center located in Nampa, Idaho, one of the nation's fastest-growing markets. The Property is anchored by Longboard Pizza and Big Wave Yogurt, which will execute new 10-year leases at closing, providing long-term stability for investors. With a rare drive-thru suite, modern construction, and a location surrounded by significant residential growth, the Property offers a compelling combination of durable cash flow and long-term appreciation potential.
Investment highlights
- 100% Occupied New Construction Retail Center - Modern retail asset featuring high-quality construction and minimal near-term capital expenditure requirements.
- Long-Term Lease Stability - Longboard Pizza and Big Wave Yogurt, the center's largest tenant, will execute new 10-year leases at closing, providing durable cash flow and extended lease term security.
- NNN Lease Structure - Tenants reimburse the majority of operating expenses, creating stable income and reduced landlord responsibilities.
- Rare Drive-Thru Opportunity - Includes a highly desirable drive-thru suite leased to the coffee shop, an increasingly scarce feature that enhances tenant demand, leasing flexibility, and long-term value.
- Acquired Below Replacement Cost - Offered at a basis below today's construction costs, providing a margin of safety and downside protection.
- Exceptional Growth Location - Situated within one of the fastest-growing regions in the United States, supported by substantial residential expansion, population growth, and ongoing commercial development.
- Premier Middleton Road Frontage - Excellent visibility and access along one of the area's primary arterial corridors, benefiting from strong traffic counts and consumer exposure.
- Shadow Anchored by Walmart - Located approximately one-half mile from Walmart and surrounded by national retailers, driving consistent consumer traffic to the corridor.
- Diverse Service-Oriented Tenant Mix - Complementary mix of food, beverage, fitness, and personal service tenants that generate recurring daily visits and are less susceptible to e-commerce disruption.
- Positioned Within the Fall River Business Park - Located within a growing mixed-use development surrounded by established residential neighborhoods, professional offices, schools, and recreational amenities.
Listing Contacts
Listed by Goldman Ryden
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$436,282.00
$36,356.83/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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