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Northgate Shopping Center 6910-7100 W State St

165,556 SF Retail Building Boise, ID 83714 $22,300,000 ($135/SF) 5.22% Cap Rate

Executive Summary

Albertsons-anchored retail center at one of the busiest intersections in the Boise MSA, with 1,335' frontage on State Street. Great visibility and accessibility. Exterior renovation completed in 2017/2018 and ample shared parking. Shadow-anchored by Walmart, Big Lots, Dollar Tree, D&B Supply, and more. High-growth corridor surrounded by new development, including a 325 unit high-end apartment complex.

Property Facts Under Contract

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
165,556 SF
Building Class
B
Year Built/Renovated
1984/2018
Price
$22,300,000
Price Per SF
$135
Cap Rate
5.22%
NOI
$1,163,296
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Land Acres
13.43 AC
Zoning
C-2D
Parking
786 Spaces (4.75 Spaces per 1,000 SF Leased)
Frontage
549 FT on Bunch Ct

Amenities

  • Pylon Sign
  • Restaurant
  • Drive Thru

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 6942
  • 954 SF
  • Retail
  • -
  • Now
  • 6950
  • 22,500-28,500 SF
  • Retail
  • -
  • Now

• Landlord plans to demolish existing improvements and will deliver vanilla shell • Perfect for a variety of retail and entertainment uses with 20’+ ceiling heights • Ample shared parking available in front of and behind the building • Located in a densely populated area, easily accessible to most of the Treasure Valley • Established center anchored by Albertsons and Rite Aid • Excellent signage opportunities – space comes with an electronic readerboard and space on the pylon at the corner of State St & Glenwood

  • 6976
  • 1,486 SF
  • Retail
  • -
  • Now
  • 6982
  • 1,340 SF
  • Retail
  • -
  • Now
  • 7000a
  • 9,015 SF
  • Retail
  • -
  • Now
  • 7156
  • 1,070 SF
  • Retail
  • In-Line
  • Now

1,070 square feet of available space for lease.

Space Size Space Use Position Available
6942 954 SF Retail - Now
6950 22,500-28,500 SF Retail - Now
6976 1,486 SF Retail - Now
6982 1,340 SF Retail - Now
7000a 9,015 SF Retail - Now
7156 1,070 SF Retail In-Line Now

6942

Size
954 SF
Space Use
Retail
Position
-
Available
Now

6950

Size
22,500-28,500 SF
Space Use
Retail
Position
-
Available
Now

6976

Size
1,486 SF
Space Use
Retail
Position
-
Available
Now

6982

Size
1,340 SF
Space Use
Retail
Position
-
Available
Now

7000a

Size
9,015 SF
Space Use
Retail
Position
-
Available
Now

7156

Size
1,070 SF
Space Use
Retail
Position
In-Line
Available
Now

6950

Size 22,500-28,500 SF
Space Use Retail
Position -
Available Now

• Landlord plans to demolish existing improvements and will deliver vanilla shell • Perfect for a variety of retail and entertainment uses with 20’+ ceiling heights • Ample shared parking available in front of and behind the building • Located in a densely populated area, easily accessible to most of the Treasure Valley • Established center anchored by Albertsons and Rite Aid • Excellent signage opportunities – space comes with an electronic readerboard and space on the pylon at the corner of State St & Glenwood

7156

Size 1,070 SF
Space Use Retail
Position In-Line
Available Now

1,070 square feet of available space for lease.

Nearby Major Retailers

WW
Workout Anytime 24/7
Albertsons
U.S. Bank
Black Bear Diner
Smashburger
Applebee's
Washington Trust Bank
EPOC Training Center
Curves

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • R6120280180
  • S0524449020
  • R6120280050
  • R6120280125
  • R6120280150
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$28,109,000
  • Listing ID: 32556474

  • Date on Market: 7/23/2024

  • Last Updated:

  • Address: 6910-7100 W State St, Boise, ID 83714

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