2850 Ramsey Rd Coeur d'Alene, ID 83815

Property Details for 2850 Ramsey Rd

Year built

2021

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional investment opportunity presents a stabilized, multi-tenant shopping center in Coeur d'Alene, Idaho. The property boasts two free-standing buildings totaling approximately 6,415 square feet, situated on a prominent 53,000 square foot hard corner lot. Anchored by a Starbucks with a 10-year lease and a MultiCare-Indigo Urgent Care facility with a 15-year build-to-suit lease, the center enjoys 100% occupancy and a strong tenant profile featuring corporate guarantees. The property benefits from a highly visible location with excellent access to Interstate 90 via Ramsey Road, multiple left-turn access points, and major traffic signals at key intersections. The current Net Operating Income (NOI) is $303,000, yielding a 4.60% cap rate. Built in 2021, the property is zoned CCS and features a 10% rent bump in the second five years of the lease terms. This is a rare opportunity to acquire a high-performing, well-located retail investment with significant long-term growth potential in a thriving Idaho market. The property's strategic location near a 72,000 square foot WinCo Foods further enhances its desirability and ensures consistent high traffic volume. This offering presents a compelling investment opportunity for discerning buyers seeking a stable, high-return asset.