109 N Main Street Payette, ID 83661
Price: $575,000
Beds:
Baths: 0
Garages:
Type:
Area: Payette - 1750
Land Size: Sm Lot 5999 SF
SqFt: 4863
Acres: 0.13
Construction: Masonry, Other
Includes
Air Conditioned: true
Water: City Service
Heating: Forced Air
Contact for more details:
A-Team Consultants
1099 S Wells St #200, Meridian, ID 83642
Phone: 208.761.1735 Email: info@ateamboise.com
1099 S Wells St #200, Meridian, ID 83642
Phone: 208.761.1735 Email: info@ateamboise.com
Description
Exciting NNN leased retail investment opportunity on Main Street in historic Downtown Payette. Main Street store front with a NNN lease in place for 5 years ending in 2029. Average monthly rental income for the lease term is $3.847. This property is being offered at an 8% cap rate based on the average monthly rental income which will mean excellent return on your investment. The tenant, who is currently completing their tenant improvements will bring much needed recreation/entertainment option to the city. UPDATES COMPLETED (over $190,000 invested): New TPO roof including new decking, subfloor and joist repairs, new sewer main, new electrical, new HVAC, plumbing updates, added two ADA restrooms, opened floor plan and raised ceiling height, new insulation, new rollup door added. Adjacent Building (107 N Main) also available.| Listing info for this property courtesy of KW Commercial Information deemed reliable but not guaranteed. Buyer to verify all information. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s), shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. |