This exceptional investment opportunity presents a newly constructed, 7,150 square foot, multi-tenant retail building situated on a 1.24-acre lot in Nampa, Idaho. The property boasts a prime location in the Nampa Gateway Center, conveniently accessible from Interstate 84 and Garrity Boulevard. Currently 100% occupied, the building features three corporate-guaranteed tenants: Mo' Bettahs, Pac Dental, and Dollar Loan Center. These tenants are secured by long-term leases; Pac Dental and Mo' Bettahs have 10-year leases, while Dollar Loan Center holds a 5-year lease. The property offers a compelling 5.35% cap rate with a combined Net Operating Income (NOI) of $313,684. The building is slated for completion in Q1 2025, with lease commencement on January 15, 2025. The property includes 49 parking spaces and benefits from rent bumps. The zoning is BC-Community Business, providing flexibility for future uses. This is a rare opportunity to acquire a high-quality, triple-net (NNN) leased investment property in a thriving retail corridor, surrounded by established national and regional retailers and restaurants, including WinCo Foods, Taco Bell, JC Penney, and many others. The property's strong tenant mix, long-term leases, and strategic location make it an ideal addition to any diversified investment portfolio. The property's address is 1255 N Happy Valley Rd, Nampa, ID 83687, and the APN is R3108710100. Lease options are available. This is a fee-simple ownership, not a ground lease.
Highlights
$5,860,000 asking price for a 7,150 square foot retail property in Nampa, Idaho.
Net-leased investment with a 5.35% cap rate and $313,684 NOI.
Three corporate-guaranteed tenants (Mo' Bettahs, Pac Dental, Dollar Loan Center) in a multi-tenant building.
10-year lease terms for two tenants, five-year term for one; lease commencement date is January 15, 2025.
100% occupancy upon completion in Q1 2025; located in Nampa Gateway Center near Interstate 84 and Garrity Boulevard.
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Contacts
Andrea Nilson
LeAnn Hume
Julie Kissler
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1255 Happy Valley Rd, Nampa, Idaho, 83687
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1255 Happy Valley Rd
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