Ustick Towne Centre 6421-6517 W Ustick Rd

30,165 SF 100% Leased Retail Building Boise, ID 83704 $4,990,000 ($165/SF) 6.37% Cap Rate

INVESTMENT HIGHLIGHTS

  • 100% Occupied NNN Investment
  • New Parking Lot Renovation
  • Major CapX Improvements

EXECUTIVE SUMMARY

Ustick Town Centre is a fully leased, 9-suite NNN multi-tenant retail center located in West Boise, a dynamic community with established residential areas. Situated on over 2 acres of prime real estate, this newly renovated and well-maintained center offers 30,060 rentable square feet of retail/flex space with ample parking (121 stalls). The center boasts a diverse tenant mix of established businesses and is 100% occupied, benefiting from the large need for neighborhood retail in Boise. Recent renovations, including a new parking lot, enhance the property's appeal. With under-market rents and extensive CapEx improvements, Ustick Town Centre presents a turn-key investment opportunity with significant +30% upside in rents through strategic lease adjustments over time.
Call agents to schedule tour. Please do not disturb tenants.
Please do not disturb tenants.

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
30,165 SF
Building Class
B
Year Built/Renovated
1958/2022
Price
$4,990,000
Price Per SF
$165
Cap Rate
6.37%
NOI
$317,983
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
2.16 AC
Zoning
C-1D
Parking
121 Spaces (4.01 Spaces per 1,000 SF Leased)
Frontage
352 FT on Ustick Rd

AMENITIES

  • Pylon Sign
  • Signage

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Orkin Pest Control
  • Services
  • -
  • -
  • Lorem Ipsum
  • Jan 0000
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Orkin Pest Control Services - - Lorem Ipsum Jan 0000
Bike Score®
Very Bikeable (81)

NEARBY MAJOR RETAILERS

WaFd Bank
Walmart Neighborhood Market
Fit Body Boot Camp
Dutch Bros
CHICAGO CONNECTION
U.S. Bank
Gold's Gym
Starbucks
Jazzercise
The Original Pancake House

PROPERTY TAXES

  • Listing ID: 33828857

  • Date on Market: 11/11/2024

  • Last Updated:

  • Address: 6421-6517 W Ustick Rd, Boise, ID 83704