201 Neider AveCoeur d'Alene, ID 83815

This exceptional Class A retail investment opportunity presents a strategically located, 88,405 square foot storefront and shopping center anchored by At Home. Boasting a strong 7.75% cap rate and a substantial NOI of $689,006, this property offers a secure, long-term net lease with a corporate guarantee. The lease, currently held by At Home, extends to June 27, 2034, providing a remaining term of 9.6 years. The property underwent a complete interior and exterior renovation in 2019 and benefits from built-in rent bumps, averaging 7.5% increases every five years throughout the initial lease term and options. Situated on a 5.35-acre lot at a signalized hard corner location on a major retail corridor in Coeur d'Alene, Idaho (201 W Neider Ave, 83815), this property enjoys exceptional visibility and accessibility, with combined daily traffic counts exceeding 49,000 vehicles. The property's prime location is further enhanced by its proximity to numerous national retailers, including Tractor Supply, Safeway, Costco, and more, and its adjacency to Silver Lake Mall, the largest indoor shopping center in North Idaho. The surrounding area is experiencing significant growth, with a rapidly expanding population exceeding 91,000 people within a 5-mile radius. Built in 1978, this property represents a compelling investment opportunity in a thriving community. The tenant's recent lease extension underscores their commitment to this location and the property's enduring appeal.