9858 State StStar, ID 83669

This exceptional Class A retail condo in Star, Idaho presents a compelling investment opportunity. Located at 9858 W State St, this 2,500 square foot storefront boasts a strong 6.47% cap rate, generating a net operating income (NOI) of $38,800. Currently 100% occupied under a single, three-year lease commencing April 1, 2024, and expiring March 31, 2027, this property offers immediate cash flow. The building, constructed in 2006 and renovated in 2018, features clean and high-quality finishes, suitable for a variety of retail uses. The property includes 10 parking spaces and sits on a 2,500 square foot lot zoned C-2. The lease includes a 3% annual rent bump, ensuring future income growth. This stabilized investment, offered as a condo sale with a leaseback, provides a secure and attractive return. The property's prime location in Ada County, Idaho, further enhances its investment potential. This is a rare opportunity to acquire a high-performing retail property with a proven track record.