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Listing Features
• Newly Constructed Black Rock Coffee Located East of the Intersection of North Milwaukee St. and West Fairview Ave. which Provides Easy Access to the Surrounding Areas
• Black Rock - Fairview Provides the Opportunity for an Investor to Acquire a Newly Constructed Building while Achieving Stable Cash-Flow Backed by a New 12-Year Lease with Two Five Year Renewal Options
• The Property is Currently Open and Operating
• Surrounding Tenants Include Shopko, Key Bank, McDonald’s, Taco Time, Walgreens, Dollar Tree & WinCo
• High Traffic Counts - 30,000 ADT & Good Demographics
Property Highlights
Sale Price $1,371,428.57
Cap Rate 5.25%
NOI $72,000
Primary Term 12 Years
Annual Increases 2% Bumps
Renewal Options 2 - 5 Year Options
Lease Expiration 2029
Building Size 600 SF
Lot Size 0.41 AC/ 17,860 SF
Status Open & Operating Since September
ABSOLUTE NNN INVESTMENT
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance
New Black Rock Coffee Bar7901 West Fairview Avenue, Boise, Idaho 83704
FOR SALE
CLICK HERE DOWNLOAD, EXECUTE & RETURN CONFIDENTIALITY AGREEMENT TO RECEIVE OFFERING MEMORANDUM
LeAnn Hume, CCIM, CLSSenior DirectorRetail / Investment Specialist +1 208 287 8436 [email protected]
Andrea NilsonSenior Director Retail / Investment Specialist +1 208 287 8439 [email protected]
Sara ShropshireSenior AssociateRetail / Investment Specialist +1 208 287 9494 [email protected]
398 South 9th Street, Ste 260 Boise, Idaho 83702Main +1 208 287 9500 Fax +1 208 287 9501paccra.com
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Fairview Ave. & Milwaukee StBoise, Idaho
DEMOGRAPHICS 1 MILE 3 MILE 5 MILEPOPULATION
2017 Estimated Population 14,566 107,440 235,309
2022 Projected Population 15,662 114,360 253,035
HOUSEHOLDS
2017 Estimated Households 6,473 43,866 95,444
2022 Projected Households 6,957 46,715 102,575
2017 Est. Average HH Income $50,937 $59,683 $69,467
2022 Est. Average HH Income $55,509 $65,370 $77,051
BUSINESSES / EMPLOYEES
Total Businesses 1,060 5,607 12,014
Total Employees 18,308 76,316 173,858
SOURCE: U.S. BUREAU OF THE CENSUS, 2010 CENSUS OF POPULATION AND HOUSING.ESRI FORECASTS FOR 2017 AND 2022. ESRI CONVERTED CENSUS 2000 DATA INTO 2010 GEOGRAPHY
Average Daily Traffic (ADT) courtesy of Idaho Department of Transportation.
New Black Rock Coffee Bar7901 West Fairview Avenue, Boise, Idaho 83704
FOR SALE
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance
LeAnn Hume, CCIM, CLSSenior DirectorRetail / Investment Specialist +1 208 287 8436 [email protected]
Andrea NilsonSenior Director Retail / Investment Specialist +1 208 287 8439 [email protected]
Sara ShropshireSenior AssociateRetail / Investment Specialist +1 208 287 9494 [email protected]
398 South 9th Street, Ste 260 Boise, Idaho 83702Main +1 208 287 9500 Fax +1 208 287 9501paccra.com
SITE
