Current Use by Public Records
- Retail properties & Spaces
Property Details for 12440 Goldcrest St
- Year built
- 2023
- Lot size
- 1.30 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Auto shops
Description
Exceptional investment opportunity: a 4,896 square foot auto shop in Star, Idaho, currently occupied by Christian Brothers Automotive under a 15-year absolute NNN lease with options extending up to 65 years. The property boasts a strong corporate guarantee from a rapidly expanding national chain (over 275 locations and growing at 20-25 locations annually, with no store closures to date). The asking price is $4,800,000, representing a price per square foot of $980.39 and a 6.25% cap rate based on a current NOI of $300,000. Built in 2023, this single-tenant property sits on a 1.302-acre lot at 12440 W Goldcrest St, Star, ID 83669. The lease includes annual rent escalations of 1.5% starting in year six, minimizing landlord responsibilities. The property benefits from a high-income demographic; the population within a 5-mile radius exceeds 44,000, with an average household income surpassing $120,000 – more than 1.5 times the national average. Nearby retailers include Albertsons, Jersey Mike's, McDonald's, Ace Hardware, Ridley's Family Market, and Arctic Circle, indicating a strong retail environment. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with significant long-term growth potential. 100% occupancy ensures immediate cash flow.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Star
- County
- Ada
- State
- Idaho
- Longitude
- -116.508
- Latitude
- 43.6925
