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Mor Furniture at District 208 1509 Caldwell Blvd 60 340 pi² Commerce de détail Immeuble Nampa, ID 83651 2 882 208 $ CAD (47,77 $ CAD/pi²) 5% Taux de capitalisation
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Faits saillants de l'investissement
- A privately-owned company, acquired in February 2020 for $68.4M by Healthcare Co. Ltd, and is now one of the West Coast’s largest furniture retailers
- Offered at an extremely low basis of $35 per building square foot and $11.46 per land square foot
- Current ownership completely rebuilt and renovated the eastern facade of the store
- This location ranks first in the state in terms of visits, per Placer.ai
- Effective NOI of $1.74/SF with a modified gross lease structure, paying directly for utilities serving their space
- Mor has occupied the premises for nearly 9 years and has just recently excuted their first of four, five-year options
Résumé de l'annonce
The Offering provides the opportunity to acquire an incredibly low-rent, freestanding Mor Furniture for Less (Mor Furniture), at the newly reimaged mixed-use District 208. Formerly known as Karcher Mall, District 208 has undergone a full redevelopment, including the demising of the interior mall and construction of a new 252-unit apartment community. The Subject Property also received a complete rebuild and renovation of the east side of the store. This is an opportunity for an investor to acquire a 60k square foot building at only $35/SF on over four acres of land within District 208. Mor Furniture pays only $3.16 per square foot on a modified gross lease that has 6% increases every 5 years, yielding an NOI per square foot of approximately $1.74. This location is the #1 ranked Mor Furniture in Idaho per Placer.ai. This offering will create an incredible building or land basis for future retenanting or redevelopment. Once complete, District 208 will be home to many new and existing retail tenants, a built-in consumer base, and a revived vibrancy of a repositioned mall. Nampa, Idaho continues to expand its residential and business base and was named one of the country’s fastest-growing cities in 2024.
Faits sur la propriété
Type de vente
Investissement
Type de propriété
Commerce de détail
Taille du bâtiment
60 340 pi²
Classe d’immeuble
B
Année de construction
1965
Prix
2 882 208 $ CAD
Prix par pi²
47,77 $ CAD
Taux de capitalisation
5%
Revenu net d’exploitation
144 110 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,33
Taille du lot
4,21 AC
Assez practicable à pied
50/100
Exceptionnellement facile d'accès en voiture
100/100
Transports en commun limités
30/100
Assez praticable en vélo
20/100
Principaux détaillants à proximité
Impôts fonciers
| Numéro de lot | 121432010 | Évaluation des bâtiments | 3 286 815 $ CAD |
| Évaluation du terrain | 3 020 362 $ CAD | Évaluation totale | 6 307 177 $ CAD |
Impôts fonciers
Numéro de lot
121432010
Évaluation du terrain
3 020 362 $ CAD
Évaluation des bâtiments
3 286 815 $ CAD
Évaluation totale
6 307 177 $ CAD
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Présenté par
Mor Furniture at District 208 | 1509 Caldwell Blvd
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