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1433 N Main St

20,972 SF 52% Leased Retail Building Pocatello, ID 83204 $1,350,000 ($64/SF) 8% Cap Rate

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INVESTMENT HIGHLIGHTS

Middle of town
Great signage

Open clear space ready for TI

EXECUTIVE SUMMARY

This building has a family Dollar Store in 1/2 of the building and the other side is now vacant and ready to be occupied. Seller financing available. Fully occupied by Family Dollar recently renewed at 6 years. They have occupied the building 15+ years. Fully remodeled by tenant. Rental from Family Dollar covers all expenses with an additional 10,000 SF that the owner can occupy or lease to a new tenant.

Amortization Schedule (2) (1) (1)

Note (2) (1) (1)

26824 Lease Agreement (2) (1) (1)

Family Dollar Lease renewal extension July 1 new amount $64,130.04 (2) (1)

26824 First Amendment to Lease Agreement (2) (1) (1)

PROPERTY FACTS

Sale Type

Investment or Owner User

Property Type

Retail

Property Subtype

Freestanding

Building Size

20,972 SF

Building Class

Year Built/Renovated

1980/2010

Price

$1,350,000

Price Per SF

$64

Cap Rate

NOI

$108,000

Percent Leased

52%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.38

Lot Size

1.26 AC

Opportunity Zone

Yes

Parking

82 Spaces (3.91 Spaces per 1,000 SF Leased)

Frontage

313 FT on N Main St

ABOUT 1433 N MAIN ST , POCATELLO, ID 83204

This property has many uses. In the heart of old Pocatello with great traffic flow. Signage and parking is all around the building. Come see the possibility.

MAJOR TENANTS

Retailer
8,249 SF
-
Dec 2029

Family Dollar is a place to shop when it comes to delivering quality and value on family essentials in a convenient location. Their stores are conveniently located in neighborhoods, and often in "food deserts" where other stores choose not to locate, providing a convenient, close-to-home option where customers can shop for essentials. By locating stores in places where others won’t, Family Dollar is improving the affordability and availability of essential goods. They are saving their customers time and money and helping them do more, even on a tight budget. Their Family Dollar stores focus on delivering top value for family essentials. They offer competitively-priced national brands from leading manufacturers alongside brand-name, equivalent-value, lower-priced private labels. Their aisles are stocked with food and beverages, paper products, health & beauty supplies, pet food, home products, apparel and accessories, etc.