16072 N Westwood Dr Rathdrum, ID 83858
NNN ground lease with investment-grade tenant in fast-growing Rathdrum, Idaho.
Property Features for 16072 N Westwood Dr
General Information
- Standard status
- Active
- Size
- 7,000 SF
- Lot size
- 0.83 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2024
Listing office Hawkins Edwards
Listing date May 15, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Hawkins Edwards
Investment Insights
Based on property information with market context.
Key Highlights
- Absolute NNN ground lease requiring zero landlord management, ideal for passive ownership.
- Corporately guaranteed lease by AutoZone Parts, Inc. with investment‑grade credit ratings (BBB by S&P and Baa1 by Moody's).
- Located adjacent to the #1 performing Super 1 Foods in the country, offering strong co‑tenancy.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.0k | $15.00 |
| − Vacancy | −$4.2k | −$0.60 |
| EGI | $100.8k | $14.40 |
| − OpEx | −$30.2k | −$4.32 |
| NOI | $70.6k | $10.08 |
