Description
This investment opportunity is for the interest in Overland Retail Plaza, a 16,514 SF square foot retail center sitting on nearly 1.5 acres. The center is located in a strong retail trade area next to Boise Spectrum Complex and is shadow-anchored by strong national retailers including Walmart Supercenter, Lowes Home Improvement and Costco. Investor will benefit from achieving increased rents in the center over time. Current rents are below market ($15.50 psf NNN average), creating great stability with existing tenants. Investor also has opportunity to assume attractive loan (4.49 % rate, 10 yr amortization).High traffic counts are 93,500 vehicles per day at the I-84 and W Overland Road interchange and over 35,400 vehicles per day directly in front of the center on W Overland Road
Directions: W from Cole, S on Overland & Across from Walmart
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0BEDS
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1.42ACRES
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0BATHS
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01/2 BATHS
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16,960SQFT
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$295$/SQFT
School Ratings & Info
Courtesy of Good Vibes Real Estate.Description
This investment opportunity is for the interest in Overland Retail Plaza, a 16,514 SF square foot retail center sitting on nearly 1.5 acres. The center is located in a strong retail trade area next to Boise Spectrum Complex and is shadow-anchored by strong national retailers including Walmart Supercenter, Lowes Home Improvement and Costco. Investor will benefit from achieving increased rents in the center over time. Current rents are below market ($15.50 psf NNN average), creating great stability with existing tenants. Investor also has opportunity to assume attractive loan (4.49 % rate, 10 yr amortization).High traffic counts are 93,500 vehicles per day at the I-84 and W Overland Road interchange and over 35,400 vehicles per day directly in front of the center on W Overland Road
Directions: W from Cole, S on Overland & Across from Walmart
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