2850 Ramsey RdCoeur d'Alene, ID 83815

For Sale
$7,000,000

High-yield NNN retail investment, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a stabilized, multi-tenant shopping center in Coeur d'Alene, Idaho. The property boasts two free-standing buildings totaling approximately 6,415 square feet, situated on a prominent 53,000 square foot hard corner lot. Anchored by a Starbucks with a 10-year lease and a MultiCare-Indigo Urgent Care facility with a 15-year build-to-suit lease, the center enjoys 100% occupancy and a strong tenant profile featuring corporate guarantees. The property benefits from a highly visible location with excellent access to Interstate 90 via Ramsey Road, multiple left-turn access points, and major traffic signals at key intersections. The current Net Operating Income (NOI) is $303,000, yielding a 4.60% cap rate. Built in 2021, the property is zoned CCS and features a 10% rent bump in the second five years of the lease terms. This is a rare opportunity to acquire a high-performing, well-located retail investment with significant long-term growth potential in a thriving Idaho market. The property's strategic location near a 72,000 square foot WinCo Foods further enhances its desirability and ensures consistent high traffic volume. This offering presents a compelling investment opportunity for discerning buyers seeking a stable, high-return asset.

Highlights

  • $7,000,000 asking price for a stabilized NNN retail investment.
  • 100% occupied, two-building shopping center with a 4.60% cap rate and $303,000 NOI.
  • Located in Coeur d'Alene, Idaho, on a 53,000 square foot lot at 2850 N Ramsey Rd, 83815.
  • Tenants include Starbucks (2,000 sf, 10-year lease) and MultiCare-Indigo Urgent Care (4,415 sf, 15-year lease), featuring corporate guarantees.
  • Built in 2021, with a CCS zoning designation and rent bumps of 10% in the second five years.

Property Details for 2850 Ramsey Rd

Property type
Lifestyle centers, Power centers
Year Built
2021
Buildings
2

Location Insight

City
Coeur d'Alene
County
Kootenai
State
Idaho
Latitude
47.70434
Longitude
-116.80759
2850 Ramsey Rd, Coeur d'Alene, Idaho

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2850 Ramsey Rd
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