AT HOME | LONG TERM LEASE | LEASE EXTENSION | 201 W Neider Ave
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AT HOME | LONG TERM LEASE | LEASE EXTENSION 201 W Neider Ave
88,405 SF Retail Building Coeur d'Alene, ID 83815 $12,601,431 CAD ($143 CAD/SF) 7.75% Cap Rate
Investment Highlights
- Strategically Located, with Exceptional Frontage, within a Primary Retail Node.
- Tenant Exercised an Option Early Extending the Term to 2034 Demonstrating a Strong Commitment to the Location.
- Densely Populated Area: Features more than 91k People Residing within a 5-Mile Radius.
- Long Term Lease with Avg Rental Increases of 7.5% Every 5 Years throughout the Initial Term and Options.
- 2019 Complete Interior / Exterior Renovation.
- Adjacent to Tractor Supply and Safeway - Near Numerous other National Retailers including Costco, Natural Grocers, Fred Meyer, The Home Depot, etc
Executive Summary
Idaho Broker of Record: Adam Lewis | 1144 15th St., Suite 2150 Denver, CO 80202 | P: (303) 328-2050 | Lic #: DB54599 Adam.Lewis@marcusmillichap.com
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
88,405 SF
Building Class
B
Year Built
1978
Price
$12,601,431 CAD
Price Per SF
$143 CAD
Cap Rate
7.75%
NOI
$976,611 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.38
Land Acres
5.35 AC
Parking
245 Spaces (2.77 Spaces per 1,000 SF Leased)
Frontage
549 ft on W Neider Ave
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- At Home
- Retailer
- 88,405 SF
- -
- Double Net
- Jun 2034
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| At Home | Retailer | 88,405 SF | - | Double Net | Jun 2034 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | CL068001002A | Improvements Assessment | $4,697,348 CAD |
| Land Assessment | $7,257,205 CAD | Total Assessment | $11,954,553 CAD |
PROPERTY TAXES
Parcel Number
CL068001002A
Land Assessment
$7,257,205 CAD
Improvements Assessment
$4,697,348 CAD
Total Assessment
$11,954,553 CAD
-
Adam Lewis -
Marcus & Millichap
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AT HOME | LONG TERM LEASE | LEASE EXTENSION | 201 W Neider Ave
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