BROCHURE 1. PAUL SLEETH INVESTMENT CONTACT Sleeth Retail Investment Team Idaho RE License: SP46882 206.518.9547 [email protected]DAVID BLACK & CHRIS BELL BROKER OF RECORD NAI Black License No. CO11961 105 N. 1st Street, Suite 300, Coeur d’Alene, ID 83814 509.623.1000 196 W IRONWOOD DRIVE | COEUR D’ALENE, IDAHO BROCHURE Single Tenant Absolute Net Lease RETAIL INVESTMENT OPPORTUNITY
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B R O C H U R E
1.
PAUL SLEETHINVESTMENT CONTACTSleeth Retail Investment TeamIdaho RE License: [email protected]
DAVID BLACK & CHRIS BELLBROKER OF RECORDNAI BlackLicense No. CO11961105 N. 1st Street, Suite 300, Coeur d’Alene, ID 83814509.623.1000
196 W IRONWOOD DRIVE | COEUR D’ALENE, IDAHO
B R O C H U R E
Single Tenant Absolute Net LeaseR E TA I L I N V E S T M E N T O P P O R T U N I T Y
B R O C H U R E
2.
HIGHLIGHTS
Corporate Backed Lease
Grocery/Drug Anchored Center
Jack in the Box is located within the Ironwood Square Shopping Center, anchored by Albertsons and Rite Aid, providing draw and stability to the location.
Excellent Location
Single Tenant Absolute Net Lease
Coeur d’Alene
Irownwood Jack in the Box has a captive and protected location near a major I-90 interchange with daily traffic in excess of 43,000 VPD.
Jack in the Box’s single tenant absolute NNN lease provides minimal Landlord responsibility.
The city of Coeur D’Alene has a steady and growing population base and economy with approximately 75,000 people and an unemployment rate of 4.1%.
The Dominant Necessity Based Center
Ironwood Jack in the Box is located in the heart of Coeur d’Alene serving the entire city and benefiting from regional draw with I-90 and Hwy 95 accessibility.
10% Contracted Rental Increase
New 10-year Renewal
10% contracted rental increase in year 5 provides future NOI growth.
Jack in the Box recently signed a 10-year lease renewal at this location.
Jack in the Box is a strong national credit tenant on a corporate backed lease, providing stability to the offering.
B R O C H U R E
3.
TERMS OF THE OFFERING
$1,955,000ASKING PRICE
5.0%CAP RATE
2,960 SFBUILDING AREA
1.0390 AcresLAND AREA
OFFER ING SUMMARY
Asking Price $1,955,000NOI $97,746Cap Rate 5.0%Financing Offered Free & ClearBuilding Area 2,960 SFLand Area 1.0390 Acres