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1475 S Silverstone Way
Meridian, ID 83642
Cobblestone Auto Spa · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Cobblestone Auto Spa Corporate Guarantee
- Prime Highway Accessibility
- Bonus Depreciation Opportunity
- Growing Industry
EXECUTIVE SUMMARY
Bang Realty and Marcus and Millichap are pleased to present the exclusive listing for a Cobblestone Auto Spa located at 1475 S Silverstone Way, Meridian, ID 83642. The site consists of roughly 7,094 rentable square feet of building space on an estimated 1.64-acre parcel of land. This Cobblestone Auto Spa is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $406,250 and has scheduled increases of 1.50% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
7,094 SF
Year Built
2023
Price
$8,604,875 CAD
Price Per SF
$1,212.98 CAD
Cap Rate
6.50%
NOI
$559,317 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.10
Lot Size
1.64 AC
Zoning
C-G
PROPERTY TAXES
| Parcel Number | R8178650300 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $8,094,419 CAD |
PROPERTY TAXES
Parcel Number
R8178650300
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$8,094,419 CAD
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