8160 Overland RdBoise, ID 83709

This exceptional investment opportunity presents a 6,420 square foot, newly constructed (2023) retail property in Boise, Idaho, featuring a 20-year absolute NNN lease commencing April 18, 2024, and expiring April 28, 2044. The property boasts a strong 7.00% cap rate and a substantial NOI of $424,000. Located on 1.1 acres at 8160 W Overland Rd, Boise, ID 83709, this strategically positioned asset benefits from high visibility and accessibility, with over 35,000 vehicles passing daily. The property is situated in a thriving retail corridor, adjacent to a major Lowe's and across from a high-traffic Costco, further enhancing its appeal. The tenant, a well-established Trophy Fuel & Wash, benefits from a robust local demographic, including a population of 246,432 residents within a five-mile radius, boasting an average annual household income of $96,742. The property's proximity to Boise State University and several new residential developments contributes to its strong potential for long-term growth and return on investment. The asking price is $6,058,000, and the property is suitable for a 1031 exchange. Rent bumps are included in the lease agreement.