601-620 Orchard StBoise, ID 83706

Property Details for 601-620 Orchard St

Lot size

1.24 AC

Property size (Sq ft)

17,045 SF

Property type

Lifestyle centers

Property subtype

Power 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.

Location Insight

City

Boise

County

Ada

State

Idaho

Latitude

43.6099

Longitude

-116.244

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