9858 State StStar, ID 83669

Property Details for 9858 State St

Year built

2004

Lot size

0.03 AC

Property size (Sq ft)

1,151 SF

Zone code

MU

Property type

Other commercial real estate

APN

R2518730070

APU

R2518730070

Description

This exceptional Class A retail condo in Star, Idaho presents a compelling investment opportunity. Located at 9858 W State St, this 2,500 square foot storefront boasts a strong 6.47% cap rate, generating a net operating income (NOI) of $38,800. Currently 100% occupied under a single, three-year lease commencing April 1, 2024, and expiring March 31, 2027, this property offers immediate cash flow. The building, constructed in 2006 and renovated in 2018, features clean and high-quality finishes, suitable for a variety of retail uses. The property includes 10 parking spaces and sits on a 2,500 square foot lot zoned C-2. The lease includes a 3% annual rent bump, ensuring future income growth. This stabilized investment, offered as a condo sale with a leaseback, provides a secure and attractive return. The property's prime location in Ada County, Idaho, further enhances its investment potential. This is a rare opportunity to acquire a high-performing retail property with a proven track record.

Location Insight

City

Star

County

Ada

State

Idaho

Latitude

43.692

Longitude

-116.476

CBSA code

14260

CBSA name

BOISE CITY-NAMPA, ID METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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