519 Washington Ave Emmett, ID 83617

This exceptional investment opportunity presents a fully leased, multi-tenant property in Emmett, Idaho. The property comprises two buildings totaling 4,160 square feet on an 8,015 square foot corner lot with high visibility on Washington Avenue, boasting 12,000 daily car counts. One building, constructed in 1998 and renovated in 2004, houses a Pizza Factory franchisee under a triple-net (NNN) lease with a remaining term of three years (commencing September 1, 2024, and expiring December 30, 2027). The second building, built in 1960, is currently leased as a four-bedroom, one-bathroom residential/office space, also under a NNN lease with the same term. The property offers 10 parking spaces and benefits from a 100% occupancy rate, generating a net operating income (NOI) of $4,925 annually. The asking price is $650,000, representing a price per square foot of $156.25 and a cap rate of 0.76%. The property is zoned for commercial use and features a free and clear ownership structure. Emmett's strategic location, 30 minutes from Boise and situated along a rapidly developing highway corridor, promises significant future growth potential. This is a rare opportunity to acquire a stable, high-income-producing property in a thriving market. The sale is a sale-leaseback transaction. Please note that the Pizza Factory franchise is sold separately.