neighborhood retail investment opportunity … · 201 w boise ave., boise, id 83706 pennsylvania...
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201 W Boise Ave., Boise, ID 83706
PENNSYLVANIA STATION
NEIGHBORHOOD RETAIL INVESTMENT OPPORTUNITY
www.nancylemasteam.com/
KW COMMERCIAL1065 S. Allante PlaceBoise, ID 83709
GREGG [email protected] #SP32434
NATALIE LEMAS [email protected]
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
PROPERTY OVERVIEWEstablished neighborhood retail shopping center with gas station,c-store anchor and multiple long-term tenants in place. One vacantspace currently available. Excellent potential for investor withlong-term vision. Professional property management in place,making this an easy ownership transition.
PROPERTY FEATURESLong-term tenants
Great visibility and traffic (17,500+/- vpd combined)
Convenience store and gas station
Excellent signage
Small piece of excess land for potential sale at rear ofbuilding
8.33% CAP rate based on scheduled rent (current) and 2016actual expenses
SALE PRICE: $1,600,000
PRICE PER UNIT: $320,000
CAP RATE: 8.33%
NOI: $133,342
LOT SIZE: 1.21 Acres
BUILDING SIZE: 11,910 SF
YEAR BUILT: 1959
RENOVATED: 1987
ZONING: C-1D
TRAFFIC COUNT: 17,500
www.nancylemasteam.com/
KW COMMERCIAL1065 S. Allante PlaceBoise, ID 83709
GREGG [email protected] #SP32434
NATALIE LEMAS [email protected]
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
201 W Boise Ave., Boise, ID 83706
PENNSYLVANIA STATION
RETAIL FOR SALE
www.nancylemasteam.com/
KW COMMERCIAL1065 S. Allante PlaceBoise, ID 83709
GREGG [email protected] #SP32434
NATALIE LEMAS [email protected]
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
201 W Boise Ave., Boise, ID 83706
PENNSYLVANIA STATION
RETAIL FOR SALE
www.nancylemasteam.com/
KW COMMERCIAL1065 S. Allante PlaceBoise, ID 83709
GREGG [email protected] #SP32434
NATALIE LEMAS [email protected]
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
* Demographic data derived from 2010 US Census
201 W Boise Ave., Boise, ID 83706
PENNSYLVANIA STATION
RETAIL FOR SALE
ETHNICITY 1 MILE 3 MILES 5 MILES
% HISPANIC 7.3% 5.9% 5.7%
RACE 1 MILE 3 MILES 5 MILES
% WHITE 87.7% 91.3% 91.8%
% BLACK 0.3% 0.9% 1.1%
% ASIAN 6.0% 3.4% 3.0%
% HAWAIIAN 0.0% 0.2% 0.1%
% INDIAN 0.6% 0.6% 0.5%
% OTHER 1.4% 1.0% 1.0%
POPULATION 1 MILE 3 MILES 5 MILES
TOTAL POPULATION 15,896 70,474 127,677
MEDIAN AGE 33.0 34.5 35.0
MEDIAN AGE (MALE) 32.9 33.6 34.3
MEDIAN AGE (FEMALE) 33.4 35.2 35.8
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
TOTAL HOUSEHOLDS 7,565 31,500 57,307
# OF PERSONS PER HH 2.1 2.2 2.2
AVERAGE HH INCOME $61,993 $66,811 $65,806
AVERAGE HOUSE VALUE $204,480 $257,422 $289,125