Absolute NNN Tire-Service
6633 S Federal Way, Boise, ID 83716
For Sale
Contact for pricing
A single tenant operates consumer retail and commercial tire services under a corporate-guaranteed lease.
Property Size41,942 SF
Lot Size6.03 Acres
Price / SF$391.54
Days on Market42
Property Features for 6633 S Federal Way
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Site & Location
Neighborhood
Highway Access
Road Access
Tenancy & Operations
Tenant in Place
In-Place Lease Type
Current Tenants
Real Estate Included
Additional Details
Automotive Uses
Building Details
Tenancy
Listing Agency:
CornerPoint Commercial Real Estate
Listed By:
Sherry Schoen · License ID DB35724
(208) 870-6933
Source:
Crexi
Added: Sep 29
Changed: Nov 8
Last Checked: Nov 8 at 4:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CornerPoint Commercial Real Estate
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Investment Insights
Based on property information with market context.
This 41,942-square-foot property occupies 6.03 acres in Boise and brings together a Les Schwab retail tire operation and a separate CMC Tire commercial facility. The two-part service model supports consumer and commercial tire business at the same campus. Les Schwab occupies the property under a 20-year Absolute NNN lease with a corporate guaranty and 10% rent increases every five years.
The site is on S. Federal Way, adjacent to Micron Technology’s Boise headquarters and manufacturing campus, with access to Interstate 84. The property serves as a combined retail and commercial tire location in Southeast Boise.
The site is on S. Federal Way, adjacent to Micron Technology’s Boise headquarters and manufacturing campus, with access to Interstate 84. The property serves as a combined retail and commercial tire location in Southeast Boise.
Key Highlights
- 41,942‑square‑foot facility on 6.03 acres
- 20‑year Absolute NNN lease with corporate guaranty
- 10% rent increases every five years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$531,605
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,632,100
$10.6M
Cap Rate 7%
$7,594,357
$7.6M
Cap Rate 9%
$5,906,722
$5.9M
Market Conditions
NOI Build-Up for 41,942 SF
Gross rent
$795.2K $18.96/SF
− Vacancy
−$35.8K −$0.85/SF
EGI
$759.4K $18.11/SF
− OpEx
−$227.8K −$5.43/SF
NOI
$531.6K $12.67/SF
Area
Ada County, ID
Vacancy
4.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,632,100
Cap Rate 7%
$7,594,357
Cap Rate 9%
$5,906,722
Alternative Uses
Best Use
Retail
$7.59M
$6.65M – $8.86M
NOI $531,605 @ 7.0% cap · market cap 3.24%
Second Best
Industrial
$5.27M
$4.61M – $6.15M
NOI $369,101 @ 7.0% cap · market cap 2.25%
Theoretical Best
Office A
$11.58M
$10.14M – $13.51M
NOI $810,823 @ 7.0% cap · market cap 4.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
280
Businesses Nearby
120k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 35%
Dining 33%
Groceries 28%
Hotels & Casinos 2%
Albertsons
Groceries
29,432 visits/mo
0.3 miles
McDonald's
Dining
20,846 visits/mo
0.2 miles
Chevron
Shops & Services
19,380 visits/mo
0.3 miles
Burger King
Dining
11,978 visits/mo
0.3 miles
Sinclair
Shops & Services
11,270 visits/mo
0.2 miles
Demographics for 83716, ID
21,583
Population
9,032
Households
2.4
Avg Household Size
40
Median Age
58%
College-Educated
97%
High-School Grad
1,039.1 sq mi
ZIP Area
21
Density / Sq Mi
$125,827
Median Household Income
$65,551
Median Earnings
$1,949
Median Rent
$573,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for NNN properties in Ada County, ID
Properties on Market for NNN properties in Ada County
Vacancy Rate% for Retail in Boise, ID
Frequently Asked Questions
What type of property is this?
NNN property - A single tenant operates consumer retail and commercial tire services under a corporate-guaranteed lease.
Where is this nnn property located?
The property is located at 6633 S Federal Way Boise, ID.
What is the asking price?
The asking price for this property is $16,421,891.
What are key features of this property?
This property features: 41,942‑square‑foot facility on 6.03 acres; 20‑year Absolute NNN lease with corporate guaranty; 10% rent increases every five years
