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    687 Blue Lakes Boulevard North

    Twin Falls, ID 83303
    • $1,393,333
    • STATUS: Active
    • ON SITE: 9 days
    • MLS #: 98798474
    UPDATED: 38 min ago
    $1,393,333
    • 0
      BEDS
    • 0.67
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,200
      SQFT
    • $633
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2017
    County:

    School Ratings & Info

    Courtesy of Cushman & Wakefield Pacific Commercial Realty Advisors.

    Description

    SALE PRICE: $1,393,333 CAP RATE: 6% NOI: $83,600 BUILDING: 2,200 SF LOT: 0.667 Acres PARCEL #: PRPT53440010010A YEAR BUILT: 2017 LEASE TERMS Chipotle Credit Until 8/31/2027 - Corporate Lease Rent Increase on 9/1/2022 to $91,960 NOI Kobe Sushi Operating in Space on Sublease Kobe Sushi Sublease Terms - 6 Years Landlord Responsible For Roof Replacement

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    © 2021 Intermountain Multiple Listing Service, Inc. (IMLS). Real estate listings held by brokerage firms other than Five Doors Network | Keller Williams Realty Boise are marked with the IMLS IDX logo and information about them includes the name of the listing brokerage. Information provided by IMLS is deemed reliable but not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. Data last updated 2021-04-15T09:10:24.6.
    idaho.fivedoorsrealestate.com/homes/115777472
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    687 Blue Lakes Boulevard North Twin Falls, ID 83303

    • Price: $1,393,333
    • Status: Active
    • Updated: 38 min ago
    • MLS #: 98798474
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.67
    Acres
    2,200
    SQFT
    $633
    $/SQFT
    2017
    Built
    Neighborhood:
    Twin Falls - 2015
    County:
    Twin Falls
    Area:
    Twin Falls - 2015
    Property Description
    SALE PRICE: $1,393,333 CAP RATE: 6% NOI: $83,600 BUILDING: 2,200 SF LOT: 0.667 Acres PARCEL #: PRPT53440010010A YEAR BUILT: 2017 LEASE TERMS Chipotle Credit Until 8/31/2027 - Corporate Lease Rent Increase on 9/1/2022 to $91,960 NOI Kobe Sushi Operating in Space on Sublease Kobe Sushi Sublease Terms - 6 Years Landlord Responsible For Roof Replacement
    Exterior Features

    Construction FrameOtherStucco Fenced None Land Size 1/2 - .99 Acre Roof Flat

    Interior Features

    Cooling Central Air Floor Construction Concrete Heating Forced AirGas Structure Handicap AccessLawn SprinklersPaved Outside AreaPaved StreetGas/PropaneLighting

    Property Features

    Age 1 - 5 Years Anchor Tenant1 Chipotle Credit Until 8/31/2027 - Corporate Lease Anchor Tenant2 Kobe Sushi Operating in Space On Sublease Cap Rate Percent 6 Commercial Type Retail Cross Street Caswell Avenue Docs On File LeaseOther Existing Yes Gas Available YN Yes Highlight1 Chipotle Credit Until 8/31/2027 - Corporate Lease Highlight2 Rent Increase On 9/1/2022 To $91960 Noi Highlight3 Kobe Sushi Operating in Space On Sublease Highlight4 Kobe Sushi Sublease Terms - 6 Years In Foreclosure YN No Income Expense Info Actual Lease Type Nnn Net Lease Investment Yes Net Operating Income 83600 Occupancy Percent 100 Potential Short Sale YN No Price Rate Type Price Prop On Ground Lease YN No Property Name Chipotle Net Leased Investment - 6% Cap Property To Be Auctioned No Real Estate Included Yes Reo Bank Owned YN No Sale Lease For Sale Sewer Yes Connected Suitable For Retail Restaurant/BarAnchorFree Standing Building Tenancy Single Terms Consider All Under Const Proposed No Vac Suited For Owner User No Water City Service Zoning C-1

    Courtesy of Cushman & Wakefield Pacific Commercial Realty Advisors.


    © 2021 Intermountain Multiple Listing Service, Inc. (IMLS). Real estate listings held by brokerage firms other than Five Doors Network | Keller Williams Realty Boise are marked with the IMLS IDX logo and information about them includes the name of the listing brokerage. Information provided by IMLS is deemed reliable but not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. Data last updated 2021-04-15T09:10:24.6.
     
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    Five Doors Network | Keller Williams Realty Boise
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    Courtesy of Cushman & Wakefield Pacific Commercial Realty Advisors.