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    245 Thain Rd Lewiston, ID 83501

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    For Sale
    $1,095,000

    Single-tenant NNN leased investment opportunity with a new 15-year lease.

    Property size:
    3,072 SF
    Lot size:
    0.40 Acres

    Property Features for 245 Thain Rd

    General Information

    Size
    3,072 SF
    Lot size
    0.40 Acres

    Source: Mike Keller Agent Mike Keller

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Freestanding Building Leased to Jackman Tire

    Located at 245 Thain Road in Lewiston, Idaho, this 3,072 SF freestanding building is an investment opportunity. The property is 100% leased to Jackman Tire (formerly American Tire) under a new 15-year lease that began December 1, 2024. The lease features a 6% rent escalation at Year 4, followed by 2% annual escalations thereafter. Recent property enhancements include new asphalt, paint, and interior upgrades. Situated on Thain Road, the property benefits from high visibility, with over 18,231 vehicles passing by daily. Jackman Tire, a tire and automotive service company, intends to expand. The location is surrounded by restaurants and services, including Arby’s, Chevron, Rosauers, Potlatch Federal Credit Union, and Mike’s Mechanical. The property is located on Lewiston’s primary retailer, services, and commuting arterial, Thain Road.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hells Canyon Smokehouse Caterer The Donkey Den Sports Bar

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Rivertown Garage Automotive Diesel Repair, HK Motorsports, Dale's Auto Repair, A & D 24 Hour Towing, Perfection Tire and Auto Repair

    Location Insight

    • Map
    • Local Demand
    City
    Lewiston
    County
    Nez Perce
    State
    Idaho
    Longitude
    -116.9820669
    Latitude
    46.3851994

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    FAQs

    What type of property is this?
    Auto shop - Single-tenant NNN leased investment opportunity with a new 15-year lease.
    Where is this auto shop located?
    The property is located at 245 Thain Rd Lewiston, ID.
    What is the asking price?
    The asking price for this property is $1,095,000.
    What are key features of this property?
    This property features: - 100% leased to Jackman Tire (formerly American Tire) with a new 15-year NNN lease starting December 1, 2024, providing stable long-term income.; - Favorable lease terms include a 6% rent escalation at Year 4, followed by 2% annual escalations, ensuring increasing ROI.; - High visibility location on Thain Road with over 18,231 vehicles per day.
    (208) 947-0844
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    245 Thain Rd Lewiston, ID 83501
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    Lewiston, ID 83501
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    245 Thain Rd Lewiston, ID 83501
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