107 Main StPayette, ID 83661

This exceptional investment opportunity presents two adjacent, fully occupied retail buildings located at 107 & 109 N Main Street in Payette, Idaho. The properties, totaling 9,483 square feet on a 0.332-acre lot, are currently leased under Net Lease (NNN) agreements. Building 107, a restaurant, has a remaining lease term of two years, while building 109, a family recreation/entertainment venue, boasts a lease extending through 2029. Both properties benefit from a 100% occupancy rate, generating a strong net operating income (NOI) of $101,075, resulting in a compelling 10.11% cap rate. The buildings, constructed in 1920, underwent significant renovations in 2024, with approximately $190,000 invested in improvements to 109 N Main Street. The properties are zoned C-1 and offer a combined price of $1,000,000, translating to a land value of $69.08 per square foot. While offered as a package, individual building purchases may be considered. This presents a rare opportunity to acquire a high-performing, multi-tenant retail portfolio in a desirable location with significant upside potential. The properties are classified as Class B and feature a total of two units across two single-story buildings. The occupancy date for the recently renovated building is November 15, 2024. The properties are identified by APN numbers P1270005019A and P1270005018A.