Jersey Mike's & Mountain Mike's NNN Property For Sale — Star, ID
51 N. Union Street, Star, ID 83669
This offering presents a newly constructed, two-tenant retail investment opportunity featuring NNN leases with established quick-service restaurant brands, Jersey Mike's Sub Sandwiches and Mountain Mike's Pizza. Both tenants benefit from prominent visibility on a primary East/West corridor and are situated in an area poised for significant growth, with a predicted 3-year growth rate of 45%. The leases are new 10-year terms, providing long-term stable income. The property was built in 2024, offering a low-maintenance asset for investors.
- Address: 51 N. Union Street, Star, ID 83669
- Asking price $3.35M
- 5.75% 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 property is at 51 N. Union Street in Star, Idaho.
Asset type: Retail