For Sale
$3,700,000

594 Star RdStar, ID 83669

Prime 1-acre lot, new building, 6% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
116
Exceptional investment opportunity in Star, Idaho, featuring a newly constructed, 9,250 square foot building situated on a 1.07-acre lot. This property boasts a 6.00% capitalization rate and is currently occupied by a tenant under a 10-year triple net (NNN) lease, providing immediate and consistent cash flow. The tenant, The Valley Learning Center, took possession in August 2023. The building is fully sprinklered and includes a fenced yard and paved parking. Its convenient location is within walking distance of Star Elementary School, making it an attractive and accessible property. The asking price is $3,700,000. This is a rare opportunity to acquire a high-quality, income-producing asset in a desirable location with a strong tenant and long-term lease in place. The building's size is 9,250 square feet, offering significant potential for future appreciation. This property is ideal for investors seeking a stable, long-term investment with a strong return. The property is located at 594 N Star Road, Star, ID 83669.

Highlights

  • $3,700,000 asking price.
  • Newly constructed 9,250 SF building on a 1.07-acre lot in Star, Idaho.
  • 6.00% cap rate.
  • Ten-year NNN lease in place with The Valley Learning Center (tenant occupied August 2023).
  • Located near Star Elementary School.

Property Details for 594 Star Rd

Property type
Specialty properties, Land
Square Feet
9,250 SF
Lot Size (sq. ft)
46,609 SF

Location Insight

City
Star
County
Ada
State
Idaho
Latitude
43.6973476
Longitude
-116.4926241
594 Star Rd, Star, Idaho

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594 Star Rd
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