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Department Store

At Home | Coeur d'Alene | Long Term Lease | Recent Lease Extension | Retail Corridor | 7.5% CAP

201 W Neider Avenue, Coeur d'Alene, ID 83815

Listing Price: $9,186,747

Cap Rate
7.50%
Tenant Name
At Home
Years Remaining On Lease
10.4
Gross SF
88,405
Guarantor
Corporate Guarantee
Rentable SF
88,405
Price/Gross SF
$103.92
Lease Type
Double Net
Rent Per Square Feet
$7.79

Investment Overview

Coeur d'Alene is a city and the county seat of Kootenai County, Idaho. It is the largest city in North Idaho and the principal city of the Coeur d'Alene Metropolitan Statistical Area. At the 2020 census the city's population was 54,628. Coeur d'Alene is a satellite city of Spokane, which is located about thirty miles to the west in the state of Washington. The two cities are the key components of the Spokane–Coeur d'Alene Combined Statistical Area, of which Coeur d'Alene is the third-largest city (after Spokane and its largest suburb, Spokane Valley). The city is situated on the north shore of the 25-mile long Lake Coeur d'Alene and to the west of the Coeur d'Alene Mountains. Locally, Coeur d'Alene is known as the "Lake City," or simply called by its initials, "CDA. Coeur d'Alene is the healthcare, educational, media, manufacturing, retail and recreation center for north Idaho. Coeur d'Alene's retail has expanded greatly in recent years with the opening of new stores and entertainment venues; the Silver Lake Mall, which is the largest in North Idaho, was opened in 1989. Coeur d'Alene's Village at Riverstone development along Northwest Boulevard houses a park, amphitheater, 14-theater Regal Cinemas, a Hampton Inn, condominiums, restaurants, and local retailers.

Investment Highlights

  • Strategically Located, with Exceptional Frontage, within a Primary Retail Node. Long Term Lease with Avg Rental Increases of 7.5% Every 5 Years throughout the Initial Term and Options.
  • Tenant Exercised an Option Early Extending the Term to 2034 Demonstrating a Strong Commitment to the Location. 2019 Complete Interior / Exterior Renovation.
  • Positioned Along Area's Major Retail & Traffic Corridor: Signalized Hard Corner Location - Features Easy Access & Excellent Visibility w/ Combined Daily Traffic Counts of 49k+ Vehicles.
  • Dominant Leadership: Hellman & Friedman is one of the most Experienced and Successful Investment Organizations in the Private Equity Industry, with Over $25 Billion of Total Assets.
  • Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail, Medical & Housing Developments Under Construction.
  • Adjacent to Tractor Supply and Safeway - Near Numerous other National Retailers including Costco, Natural Grocers, Fred Meyer, The Home Depot, WinCo Foods, Lowe's, Walgreens, Big 5 Sporting Goods, Super 1 Foods and many more.
  • Densely Populated Area: Features more than 91k People Residing within a 5-Mile Radius. The City of Coeur d'Alene is one of the Fastest-Growing Communities in Idaho.
  • Minutes from Silver Lake Mall - the Largest Indoor Shopping Center in North Idaho. Features Five Anchor Stores Including Black Sheep Sporting Goods, Inspiro, Jo-Ann Fabrics, Macy's, and Planet Fitness.

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s) ID: DB54599

    Idaho

Financing By

Department Store

At Home | Coeur d'Alene | Long Term Lease | Recent Lease Extension | Retail Corridor | 7.5% CAP

Listing Price: $9,186,747

Cap Rate
7.50%
Tenant Name
At Home
Years Remaining On Lease
10.4
Gross SF
88,405
Guarantor
Corporate Guarantee
Rentable SF
88,405
Price/Gross SF
$103.92
Lease Type
Double Net
Rent Per Square Feet
$7.79

Investment Highlights

  • Strategically Located, with Exceptional Frontage, within a Primary Retail Node. Long Term Lease with Avg Rental Increases of 7.5% Every 5 Years throughout the Initial Term and Options.
  • Tenant Exercised an Option Early Extending the Term to 2034 Demonstrating a Strong Commitment to the Location. 2019 Complete Interior / Exterior Renovation.
  • Positioned Along Area's Major Retail & Traffic Corridor: Signalized Hard Corner Location - Features Easy Access & Excellent Visibility w/ Combined Daily Traffic Counts of 49k+ Vehicles.
  • Dominant Leadership: Hellman & Friedman is one of the most Experienced and Successful Investment Organizations in the Private Equity Industry, with Over $25 Billion of Total Assets.
  • Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail, Medical & Housing Developments Under Construction.
  • Adjacent to Tractor Supply and Safeway - Near Numerous other National Retailers including Costco, Natural Grocers, Fred Meyer, The Home Depot, WinCo Foods, Lowe's, Walgreens, Big 5 Sporting Goods, Super 1 Foods and many more.
  • Densely Populated Area: Features more than 91k People Residing within a 5-Mile Radius. The City of Coeur d'Alene is one of the Fastest-Growing Communities in Idaho.
  • Minutes from Silver Lake Mall - the Largest Indoor Shopping Center in North Idaho. Features Five Anchor Stores Including Black Sheep Sporting Goods, Inspiro, Jo-Ann Fabrics, Macy's, and Planet Fitness.

Investment Overview

Coeur d'Alene is a city and the county seat of Kootenai County, Idaho. It is the largest city in North Idaho and the principal city of the Coeur d'Alene Metropolitan Statistical Area. At the 2020 census the city's population was 54,628. Coeur d'Alene is a satellite city of Spokane, which is located about thirty miles to the west in the state of Washington. The two cities are the key components of the Spokane–Coeur d'Alene Combined Statistical Area, of which Coeur d'Alene is the third-largest city (after Spokane and its largest suburb, Spokane Valley). The city is situated on the north shore of the 25-mile long Lake Coeur d'Alene and to the west of the Coeur d'Alene Mountains. Locally, Coeur d'Alene is known as the "Lake City," or simply called by its initials, "CDA. Coeur d'Alene is the healthcare, educational, media, manufacturing, retail and recreation center for north Idaho. Coeur d'Alene's retail has expanded greatly in recent years with the opening of new stores and entertainment venues; the Silver Lake Mall, which is the largest in North Idaho, was opened in 1989. Coeur d'Alene's Village at Riverstone development along Northwest Boulevard houses a park, amphitheater, 14-theater Regal Cinemas, a Hampton Inn, condominiums, restaurants, and local retailers.

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s): ID: DB54599

    Idaho

Financing By

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