109 N Main Street Payette, ID 83661

Exciting NNN leased retail investment opportunity on Main Street in historic Downtown Payette. Main Street store front with a NNN lease in place for 5 years ending in 2029. Average monthly rental income for the lease term is $3.847. This property is being offered at an 8% cap rate based on the aver...age monthly rental income which will mean excellent return on your investment. The tenant, who is currently completing their tenant improvements will bring much needed recreation/entertainment option to the city. UPDATES COMPLETED (over $190,000 invested): New TPO roof including new decking, subfloor and joist repairs, new sewer main, new electrical, new HVAC, plumbing updates, added two ADA restrooms, opened floor plan and raised ceiling height, new insulation, new rollup door added. Adjacent Building (107 N Main) also available. Continue reading