Post Falls Sunbelt UC

Sunbelt Rentals Post Falls, Idaho

Status Under Contract
Location 573 North Idahline Road, Post Falls, ID 83854
Captialilzation Rate 8.75%
Building Size 12,000 Square Feet
Lot Size 3.14 Acres
Lease Type NNN
Term Remaining 2.1 Years
Price $ 1687131
  • Property was Designed and Built by an Equipment Rental Operator in 2006
  • 8.75 Percent Cap Rate with Two Percent Annual Increases
  • Large 3.14-Acre Lot
  • One of Only Two Sunbelt Rentals Locations within a 140-Mile Radius
  • Easy Access to Interstate 90

The subject property is a 12,000-square-foot facility sitting on 3.14 acres located just off Interstate 90 on North Idahline Road. The property was designed and built by an equipment rental operator in 2006. Sunbelt Rentals has occupied this space since 2016. There are approximately two years remaining on the lease, as well as two, five-year options to renew. This opportunity allows an investor to enjoy a strong yield with minimal landlord responsibilities.

Post Falls is located four miles east of the Washington-Idaho border along Interstate 90 in Kootenai County and is bounded by Coeur d’Alene, Idaho to the east, the State of Washington the west, the Spokane River to the south and the Rathdrum prairie to the north. Post Falls is 20 miles east of Spokane, Washington and approximately 100 miles south of the Canadian border. Due to the proximity of numerous lakes, rivers and mountains, Post Falls, Idaho is an inviting place to live and visit. This fact is reflected in the tourism and retail sectors of the economy, with an increasing number of retail, dining and entertainment businesses locating in the city.

Post Falls is part of a larger metro area with a combined population of over 600,000, which includes Spokane, Washington and Coeur d’Alene, Idaho. As the 10th largest city in Idaho, Post Falls is ranked #1 for population growth.

Agent : David Houston

  • 512-338-7834
  • david.houston@marcusmillichap.com
License: TX-615875
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