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34365619
34365633

4 Locations For Sale

SB
ID SP58224, CA 01878646
Westerra Real Estate Group - Westcom Commercial Division
Listed by Westerra Real Estate Group - Westcom Commercial Division
$1,790,000
3 days on market
Updated 3 days ago

6734 West State Street

Details
Property Type Retail, Office
Sub Type Storefront, Traditional Office
Square Footage 7,792
Units 4
Cap Rate 4.57%
NOI $81,801
Occupancy 75%
Tenancy Multi
Brand/Tenant Tobacco connection, Black Throne Tattoo (+1)
Lease Type NNN
Lease Term 13
Lease Expiration 12/31/2026
Remaining Term 0.5
Rent Bumps Yes
Pro-Forma Cap Rate 6.1%
Pro-Forma NOI $109,161
Price per SqFt $230
Class B
Year Built 2004
Buildings 1
Stories 1
Lot Size (SqFt) 30,579
Zoning Commercial ZC-243
Parking Spaces 28 spaces
Parking per 1,000 SqFt 3.59
Investment Type Value Add
Tenant Credit No Credit Rating
Lease Commencement 01/01/2013
Occupancy Date 01/01/2013
Ground Lease No
Sale Condition For sale by owner

Prime Retail Investment Opportunity

Marketing description

Capitalize on the opportunity to acquire a well-positioned, income-producing commercial

investment in one of the Boise area’s most active commercial corridors. Located on highly

traveled State Street (Highway 44), this property offers investors stable cash flow, upside

potential, excellent visibility, and long-term appreciation potential in the rapidly growing

Garden City market. This professionally maintained property is partially leased, with one vacant unit providing immediate value-add upside for an owner-user or investor seeking to increase income

through lease-up. With strong frontage on State Street and convenient access to downtown

Boise, Eagle, and surrounding communities, the property benefits from exceptional daily

traffic counts and outstanding exposure. The parking lot will also be updated this summer

with a new seal coat and striping, enhancing curb appeal and functionality.

Investment highlights

  • Prime State Street (Highway 44) location with excellent visibility
  • 7,792+- SF multi-tenant retail/office investment
  • In-place cash flow with value-add leasing opportunity
  • 1 vacant suites provide immediate upside potential
  • Approximately 3% annual rent escalations
  • High traffic counts of ±34,000 vehicles per day
  • Minutes from Downtown Boise and the Boise River Greenbelt
  • Located in the rapidly growing Garden City submarket
  • Strong surrounding demographics and continued residential growth
  • Flexible investment suitable for investors or owner-users
  • Convenient on-site parking
  • Long-term appreciation potential in one of Idaho's strongest commercial markets

Listing Contacts

SB
ID SP58224, CA 01878646
Westerra Real Estate Group - Westcom Commercial Division
Listed by Westerra Real Estate Group - Westcom Commercial Division

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$81,801.00
$6,816.75/mo

Valuation Metrics

0
DSCR
4.57%
Cap Rate
4.57%
ROI

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