Jersey Mike's Subs & Mountain Mike's Pizza NNN Property For Sale — Star, ID · 3,940 SF
Star, ID 83669
Exceptional opportunity to acquire a newly constructed 2024 two-tenant net lease retail asset located in Star, Idaho. Fully leased to nationally recognized brands Jersey Mike's Subs (±2,470 SF) and Mountain Mike's Pizza (±1,470 SF) on brand-new 10-year leases. The property offers minimal landlord responsibilities, functioning similarly to a single-tenant property with common ownership and a single point of contact for lease administration. Situated along the primary East/West corridor of State Highway 44 / W State Street and N Union Street, the property benefits from high exposure, easy access, and traffic counts exceeding 19,300 vehicles per day. Located in a high-growth market with an affluent surrounding demographic profile boasting average household incomes exceeding $135,000 within t…
- Address: 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 Subs & Mountain Mike's Pizza property is in Star, Idaho.
Asset type: Retail / QSR