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Starbucks 1221 Parkway Dr 2,316 SF Retail Building Blackfoot, ID 83221 $4,897,152 CAD ($2,114.49 CAD/SF) 5% Cap Rate
Investment Highlights
- Strategically positioned along Parkway Drive (±19,500+ VPD) within Blackfoot’s primary retail corridor and directly adjacent to the dominant Walmart.
- Stable employment: Anchors Driving Household Formation Major regional employers in agriculture processing, packaging, distribution, and healthcare.
- Zoning, entitlement, and construction constraints limit new drive-thru supply, enhancing store performance and real estate value.
- Limited Competition/Strong Brand Dominance.
- Long-term lease structure with passive income, minimal landlord responsibilities, and a globally recognized credit tenant.
Executive Summary
AiCRE Partners, as exclusive investment sales advisor to Seller, is pleased to offer the opportunity to acquire the fee simple interest in the Starbucks in Blackfoot, Idaho. Built in 2026, the 2,316 SF freestanding restaurant sits on a 0.99-acre parcel with drive-thru and is operated under a 10-year NNN lease. The lease features rental increases every 5 years of the primary term as well as in each of four (4) five-year renewal options.
The property is strategically positioned along Parkway Drive (±19,500+ VPD) within Blackfoot’s primary retail corridor and directly adjacent to the dominant Walmart Supercenter, the city’s leading daily-needs anchor and highest-traffic retail driver. As an outparcel within the region’s core shopping node, the site benefits from strong visibility, convenient access, and consistent cross-shopping traffic generated by grocery, discount retail, and service-oriented tenants.
The property is strategically positioned along Parkway Drive (±19,500+ VPD) within Blackfoot’s primary retail corridor and directly adjacent to the dominant Walmart Supercenter, the city’s leading daily-needs anchor and highest-traffic retail driver. As an outparcel within the region’s core shopping node, the site benefits from strong visibility, convenient access, and consistent cross-shopping traffic generated by grocery, discount retail, and service-oriented tenants.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
2,316 SF
Building Class
C
Year Built
2026
Construction Status
Under Construction
Price
$4,897,152 CAD
Price Per SF
$2,114.49 CAD
Cap Rate
5%
NOI
$244,858 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.99 AC
Zoning
C2 - Commerical
Amenities
- Freeway Visibility
- Signage
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | RP1315403 | Improvements Assessment | $0 CAD |
| Land Assessment | $180,394 CAD | Total Assessment | $180,394 CAD |
Property Taxes
Parcel Number
RP1315403
Land Assessment
$180,394 CAD
Improvements Assessment
$0 CAD
Total Assessment
$180,394 CAD
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Starbucks | 1221 Parkway Dr
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