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16072 N Westwood Dr 7,000 SF 100% Leased Retail Building Rathdrum, ID 83858 $1,483,628 CAD ($211.95 CAD/SF) 5% Cap Rate
Executive Summary
16072 N Westwood Dr is a ground lease site occupied by AutoZone, offered at $1,080,000 at a 5.00% cap rate. The 0.83-acre (36,155 SF) parcel is located in Rathdrum, Idaho, a fast-growing community in Kootenai County, minutes from Coeur d'Alene and the Idaho–Washington border.
The lease is corporately guaranteed by AutoZone Parts, Inc., which holds investment-grade credit ratings of BBB (S&P) and Baa1 (Moody's). Structured as a true Absolute NNN ground lease, the investment requires zero landlord management and is ideal for out-ofstate or passive ownership.
Rathdrum has grown 19.7% since 2020 within a 3-mile radius, adding residents at 3.9% per year. A 157-acre mixed-use development is underway nearby. The AutoZone sits adjacent to the #1 performing Super 1 Foods in the country, one of the strongest co-tenancy positions in the market.
The lease is corporately guaranteed by AutoZone Parts, Inc., which holds investment-grade credit ratings of BBB (S&P) and Baa1 (Moody's). Structured as a true Absolute NNN ground lease, the investment requires zero landlord management and is ideal for out-ofstate or passive ownership.
Rathdrum has grown 19.7% since 2020 within a 3-mile radius, adding residents at 3.9% per year. A 157-acre mixed-use development is underway nearby. The AutoZone sits adjacent to the #1 performing Super 1 Foods in the country, one of the strongest co-tenancy positions in the market.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
7,000 SF
Building Class
B
Year Built
2024
Price
$1,483,628 CAD
Price Per SF
$211.95 CAD
Cap Rate
5%
NOI
$74,181 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.19
Lot Size
0.84 AC
Frontage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $516,003 CAD | Total Assessment | $516,003 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$516,003 CAD
Improvements Assessment
$0 CAD
Total Assessment
$516,003 CAD
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16072 N Westwood Dr
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