For Sale
$1,795,000

601-620 Orchard StBoise, ID 83706

High-Yield Retail Center, Central Boise

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 17,045 square foot shopping center in Boise, Idaho, presents a compelling investment opportunity. Located at 601-620 Orchard Street and 4910 Denton Street, this Class B property boasts a strong 88% occupancy rate and a healthy net operating income (NOI) of $136,495, yielding a 7.60% cap rate. The asking price is $1,795,000. The property features two single-story buildings situated on a 1.24-acre lot, providing ample parking for 55 vehicles. Tenants include McCleary's Pub and Resurrected Tattoo, among others. The lease type is NNN (Net, Net, Net), and the property benefits from built-in rent bumps of 3%. This multi-tenant retail center enjoys excellent visibility on Orchard Street, a major arterial road, and benefits from a convenient location near other shopping, services, and restaurants. The property is under new ownership and management, presenting a value-add opportunity for future redevelopment. Its central Boise location places it within a path of significant growth. The property offers parking both in front and behind the buildings. This is a prime opportunity to acquire a well-positioned retail asset in a thriving Idaho market.

Highlights

  • High redevelopment potential.
  • Prime location in Boise's growth corridor.
  • Excellent visibility on Orchard Street.
  • Convenient access to shopping, dining, and services.
  • Strong retail tenant mix including McCleary's Pub and Resurrected Tattoo.
  • New ownership and management.

Property Details for 601-620 Orchard St

Property type
Lifestyle centers, Power centers
Square Feet
17,045 SF
Class
B
Buildings
2
Stories
1
Lot Size (sq. ft)
54,014 SF

Location Insight

City
Boise
County
Ada
State
Idaho
Latitude
43.6099485
Longitude
-116.2438156
601-620 Orchard St, Boise, Idaho

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601-620 Orchard St
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