15 Year Absolute NNN Leased Investment 398 S Eagle Rd

398 S Rd , Eagle, Idaho, 83616 | 2,560 sq.f | $ 1,636,363

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About This Restaurant

Investment Highlights

TENANT OPERATING FOR 35 YEARS ZERO LANDLORD RESPONSIBILITY FIFTEEN YEAR TERM ABSOLUTE NNN LEASE UNDER-MARKET RENT GUARANTEED BY FLYING PIE WITH 7 LOCATIONS

Executive Summary

Cushman & Wakefield has been retained as the exclusive agents in the sale of a 2,560 square foot Flying Pie Pizzeria located at State St/Hwy 44 & Eagle Rd/Hwy 55. The operator has a strong local following and has been operating in the Treasure Valley for the past 35 years and has 7 locations.Flying Pie Pizzeria - Eagle, Idaho provides the opportunity for an investor to acquire a stable investment backed by a 15 year personally guaranteed NNN lease with no landlord responsibilities.Story: Launched as a pie in the sky idea in 1978, Flying Pie is now a much beloved homegrown institution, with hot spots in Boise, Meridian Eagle and Nampa. Our pizzas may go in a box, but we think outside of it. (And inside of it too, of course, because that?s where the delicious lives.) Like our dough, this out-of-the-box mindset forms the foundation of what makes us whirled famous. Brand Promise: NOBODY'S gonna OUTFLY Flying Pie. Brand Mission: Flying Pie is dedicated to creating repeatedly excellent experiences?often centered on a pizza meal. We show our integrity and practice of lifelong learning. We celebrate our imperfect results while looking for ways to improve them. We create an environment in which employees contribute and feel valuable. We invite customers into our inclusive community. Brand vision: Make people?s Flying Pie visit the highlight of their week!

Property Details

  • Sale Type    Investment NNN
  • Property Type    Retail
  • Property Subtype    Restaurant
  • Building Size    2,560
  • Building Class    B
  • Year Built    1999
  • Price    1,636,363
  • Price Per SF    639
  • Cap Rate    5.50
  • NOI    90,000
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.15
  • Land Acres    0.38 AC

Amenities

  • Pylon Sign
  • Signalized Intersection

Nearby Amenities & Transportation

Retail Cafe Rio
Retail Anytime Fitness
Retail Albertsons
Retail Starbucks
Retail Wells Fargo Home Mortgage
Retail Smoky Mountain Pizzeria Grill
Retail U.S. Bank
Retail CrossFit E3
Retail Crunch
Retail Storagemart

Property Taxes

Parcel Number R6951340200 Improvements Assessment $0
Land Assessment $0 Total Assessment $1,083,500
Date Created: 2024-07-16 04:13:38 Last Updated: 2024-07-16 04:13:38
Address: 398 S Rd , Eagle, Idaho, 83616