Value Add Two Property Retail Portfolio | For Sale | Nampa, ID
Lee & Associates is pleased to present the following two buildings, located on separate lots, for sale as a portfolio in the Park Centre Plaza:
• 920 Caldwell Blvd. – 4,792 SF retail building | 3 Tenants | 100% occupied
• 1601 Park Centre Pl. – 7,420 SF retail building | 8 Tenants | 100% occupied
A true value add retail investment opportunity on Caldwell Blvd. being offered below replacement cost. This two property portfolio benefits from a great location with excellent visibility and amazing signage. The spaces are under rented with a good mix of small tenants on primarily month to month leases. A new owner will have the ability to quickly improve the value by increasing rents to market rate and change leases to a NNN lease structure.
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