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8707 W State St
Boise, ID 83714

Bogart Plaza · Retail Property For Sale

Investment Highlights

  • Prime location: on State Street with 36,000 AADT
  • C-2 Zoning: allows diverse commercial uses
  • Roll-up door entry on end cap unit
  • Surrounded by new multifamily development
  • Thriving businesses: Strive Academy, Brave Brazilian Jiu-Jitsu, FIT4EVER

Executive Summary

Lee & Associates is pleased to present an outstanding net-leased investment opportunity at 8707 W. State St., Boise, Idaho, an area poised for significant rent growth due to the surrounding surge of new multifamily developments. Priced at $2,815,000, this 11,445 square-foot property spans a 2.12-acre parcel, offering ample parking and excellent accessibility. The property features a flexible building layout, including a garage door on the end cap and the potential to add garage doors in the back, making it highly adaptable for diverse tenant needs. With strong existing tenants, prime visibility, 36,000 AADT (Annual Average Daily Traffic), and proximity to a growing customer base, this investment presents a rare combination of stability and future upside. Additionally, the back parcel offers a value-add opportunity, with potential for development into a mixed-use or multifamily residential project.

PROPERTY FACTS Under Contract

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
11,445 SF
Building Class
C
Year Built
2000
Price
£2,256,223
Price Per SF
£197
Net Initial Yield
6.75%
NOI
£152,295
Tenancy
Multiple
Number of Floors
1
Building FAR
0.12
Lot Size
2.12 AC
Zoning
C-2 - General Commercial
Parking
64 Spaces (5.59 Spaces per 1,000 SF Leased)
Frontage
140 ft on Bogart Ln

Amenities

  • 24 Hour Access

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R8123251931
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£1,719,859
  • Listing ID: 34152519

  • Date on Market: 27/03/2024

  • Last Updated:

  • Address: 8707 W State St, Boise, ID 83714

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