4544 Yellowstone Avenue

Description

Big box tenant (Subway) in this great building located just off of I-86 interchange on and off ramps and on a high traffic intersection at the corner of Yellowstone and Knudson (the new Knudson/development). This is also 1 block from the Idaho Central Credit Union's headquarter- campus and located in an area that Chubbuck has targeted for commercial and residential growth. Subway occupies approximately 1850 sq ft and pay approximately $21.00/ft ($37,200 annually) with multiple renewals on the lease. Lease is full NNN on the entire building and lease provides for increases every 5 years. Approximately 1800 sq ft. on the main level of adjoining space that could be leased. The market lease rate for the vacant side will be approximately $10.00/ft annually. List price is based on both sides being occupied at a 7% cap rate based on the projection the vacant side will be at $10.00/ft Overall great condition and easy to modify. There is a basement that has bedrooms and a bath that is currently storage area that could be completed as an apartment and many possibilities with the vacant side and basement.