601-620 Orchard StBoise, ID 83706

  • Retail properties
  • 17,045 SF
For Sale
$1,795,000 View listing

Property Details for 601-620 Orchard St

Lot size
1.24 AC
Property size (Sq ft)
17,045 SF
Property type
Retail properties
Property subtype
Lifestyle centers

Description

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.

601-620 Orchard St, Boise, Idaho

Location Insight

City
Boise
County
Ada
State
Idaho
Latitude
43.6099
Longitude
-116.244

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