601-620 Orchard St Boise, ID 83706
- Lifestyle centers
- 17,045 SF
- 1.24 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 601-620 Orchard St
- Lot size
- 1.24 lot acres
- Property size
- 17,045 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 17,045 square foot shopping center in Boise, Idaho, presents a compelling investment opportunity. Located at 601-620 Orchard Street and 4910 Denton Street, this Class B property boasts a strong 88% occupancy rate and a healthy net operating income (NOI) of $136,495, yielding a 7.60% cap rate. The asking price is $1,795,000. The property features two single-story buildings situated on a 1.24-acre lot, providing ample parking for 55 vehicles. Tenants include McCleary's Pub and Resurrected Tattoo, among others. The lease type is NNN (Net, Net, Net), and the property benefits from built-in rent bumps of 3%. This multi-tenant retail center enjoys excellent visibility on Orchard Street, a major arterial road, and benefits from a convenient location near other shopping, services, and restaurants. The property is under new ownership and management, presenting a value-add opportunity for future redevelopment. Its central Boise location places it within a path of significant growth. The property offers parking both in front and behind the buildings. This is a prime opportunity to acquire a well-positioned retail asset in a thriving Idaho market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Boise
- County
- Ada
- State
- Idaho
- Longitude
- -116.244
- Latitude
- 43.6099
