Jakers Bar & Grill 3268 E Pine Ave

Investment Highlights

Absolute Net Lease | Meridian, ID (Boise MSA) | Established Operator

Executive Summary

Introducing an exclusive absolute net leased investment opportunity ? JAKERS BAR & GRILL located at 3268 E Pine Avenue, Meridian, ID (Boise MSA). This upscale-casual establishment is an absolute net lease property offering a prime location with high visibility on Eagle Road and E Pine Avenue, with traffic counts of 51,000 VPD and 18,500 VPD respectively. With a long-term lease in place until 2027 and annual rent increases of 2%, this property boasts a solid NOI of $232,789 and a competitive CAP rate of 6.15%. The property features an established concept with a loyal customer base, operating successfully in Meridian for 17 years. The 82 dedicated parking stalls, liquor license tied to the property and drive-thru approval offer additional value-add opportunities. Don't miss out on owning a piece of a five-location restaurant chain - Jakers Bar & Grill, spread across Idaho and Montana. Contact us today to seize this investment in the rapidly growing city of Meridian, Idaho.

• Sale Type    Investment NNN
• Sale Condition    Business Value Included
• Property Type    Retail
• Property Subtype    Restaurant
• Building Size    5,916
• Building Class    B
• Year Built    2007
• Price    3,785,189
• Price Per SF    640
• Cap Rate    6.15
• NOI    232,789
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.10
• Land Acres    1.37 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.