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 DAVISDirector208.739.3175gregg@commercialnw.comID #SP32434

NATALIE LEMAS HERNANDEZAgent208.344.6275natalie@commercialnw.com

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 DAVISDirector208.739.3175gregg@commercialnw.comID #SP32434

NATALIE LEMAS HERNANDEZAgent208.344.6275natalie@commercialnw.com

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 DAVISDirector208.739.3175gregg@commercialnw.comID #SP32434

NATALIE LEMAS HERNANDEZAgent208.344.6275natalie@commercialnw.com

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 DAVISDirector208.739.3175gregg@commercialnw.comID #SP32434

NATALIE LEMAS HERNANDEZAgent208.344.6275natalie@commercialnw.com

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