245 Thain Rd
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245 Thain Rd
3,072 SF Retail Building Lewiston, ID 83501 £896,878 (£292/SF) 5.50% Net Initial Yield
Investment Highlights
- Excellent single tenant, NNN leased investment opportunity.
- 6% rent escalation at Year 4, then 2% annual escalations thereafter.
- Tenant is Jackman Tire (formerly American Tire) a proven area tire and automotive service company with plans to expand.
- 100% leased to long-term, stable tenant with a new, 15-year lease as of 12/1/24.
- Currently owner-occupied, with recent property improvements including new asphalt, paint, and interior upgrades.
- Prominent location on Lewiston’s primary retailer, services, and commuting arterial — Thain Road — visible to over 18,231 vehicles per day.
Executive Summary
Introducing an exceptional investment opportunity at 245 Thain Road in Lewiston, Idaho. This 3,072 SF freestanding building presents an ideal single-tenant NNN leased opportunity. The property is 100% leased to the esteemed Jackman Tire, (formerly American Tire), with a new, 15-year lease which began December 1, 2024. The lease includes a 6% rent escalation at Year 4, followed by 2% annual escalations thereafter. Boasting recent property enhancements such as fresh asphalt, paint, and interior upgrades, this property is set to provide an excellent return on investment. With high visibility to over 18,231 vehicles daily on Thain Road, this is a well-positioned property in the Lewiston market.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
3,072 SF
Year Built
1996
Price
£896,878
Price Per SF
£292
Net Initial Yield
5.50%
NOI
£49,348
Tenancy
Single
Number of Floors
1
Building FAR
0.18
Lot Size
0.40 AC
Zoning
Commercial
Parking
16 Spaces (5.21 Spaces per 1,000 SF Leased)
Frontage
100 ft on Thain Road
Amenities
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | RPL00040080150A | Improvements Assessment | £152,274 |
| Land Assessment | £166,154 | Total Assessment | £318,428 |
PROPERTY TAXES
Parcel Number
RPL00040080150A
Land Assessment
£166,154
Improvements Assessment
£152,274
Total Assessment
£318,428
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245 Thain Rd
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