1255 Happy Valley RdNampa, ID 83687

Property Details for 1255 Happy Valley Rd

Lot size

1.24 AC

Property type

Commercial real estate

APN

31087101 0

APU

310871010

Description

This exceptional investment opportunity presents a newly constructed, 7,150 square foot, multi-tenant retail building situated on a 1.24-acre lot in Nampa, Idaho. The property boasts a prime location in the Nampa Gateway Center, conveniently accessible from Interstate 84 and Garrity Boulevard. Currently 100% occupied, the building features three corporate-guaranteed tenants: Mo' Bettahs, Pac Dental, and Dollar Loan Center. These tenants are secured by long-term leases; Pac Dental and Mo' Bettahs have 10-year leases, while Dollar Loan Center holds a 5-year lease. The property offers a compelling 5.35% cap rate with a combined Net Operating Income (NOI) of $313,684. The building is slated for completion in Q1 2025, with lease commencement on January 15, 2025. The property includes 49 parking spaces and benefits from rent bumps. The zoning is BC-Community Business, providing flexibility for future uses. This is a rare opportunity to acquire a high-quality, triple-net (NNN) leased investment property in a thriving retail corridor, surrounded by established national and regional retailers and restaurants, including WinCo Foods, Taco Bell, JC Penney, and many others. The property's strong tenant mix, long-term leases, and strategic location make it an ideal addition to any diversified investment portfolio. The property's address is 1255 N Happy Valley Rd, Nampa, ID 83687, and the APN is R3108710100. Lease options are available. This is a fee-simple ownership, not a ground lease.

• Alternative Use

  Use

  Valuation

  Residential

  $12,597,939

  Hospitality

  $11,539,644

  Educational

  $9,600,849

  Medical

  $9,931,036

  Retail

  $14,934,653

Location Insight

City

Nampa

County

Canyon

State

Idaho

Latitude

43.5955

Longitude

-116.515

CBSA code

14260

CBSA name

BOISE CITY-NAMPA, ID METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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