Jersey Mike's & Mountain Mike's Pizza NNN Property For Sale — Star, ID
51 N. Union Street, Star, ID 83669
This offering presents a compelling opportunity to acquire a newly constructed, dual-tenant retail property with new 10-year NNN leases. The property benefits from minimal landlord responsibilities, functioning effectively as a single-tenant asset due to common ownership and a unified point of contact for lease administration. Both tenants, Jersey Mike's and Mountain Mike's Pizza, are well-established brands with strong recognition. The location boasts high visibility and easy access, situated on the primary east/west corridor within the trade area. Star, Idaho, is projected to experience a significant 45% growth rate over the next three years, indicating robust future potential for this investment.
- Address: 51 N. Union Street, Star, ID 83669
- Asking price $3.21M
- 6.00% cap rate
- NOI $192,743
- 10 years remaining
- NNN lease
- Year built: 2024
- Building size: 3,940 SF
- Lot size: 0.48 acres
- Guarantor: Corporate
Location
This Jersey Mike's & Mountain Mike's Pizza property is at 51 N. Union Street in Star, Idaho.
Asset type: Retail