Single Tenant Net-Leased Starbucks on Walmart Outparcel

For Sale

1221 Parkway Dr, Blackfoot, ID 83221

This Blackfoot property for sale is located at 1221 Parkway Dr. The current listed sale price for Single Tenant Net-Leased Starbucks on Walmart Outparcel is $3,272,727. Single Tenant Net-Leased Starbucks on Walmart Outparcel is situated on a lot that is 0.99 acre in size.

Contacts

Brent Wilson, CLS

TOK Commercial

Property Details

  • Property Type Retail - Street Retail
  • Property Size 2,316 SF
  • Lot Size 0.99 Acre
  • Date Updated Sep 23, 2026
Single-tenant Starbucks outparcel positioned on a Walmart-anchored retail site along Bergener Boulevard near I-15 Exit 93 in Blackfoot’s established retail corridor.New 2026 Construction | Corporate Starbucks NNN Investment This newly constructed 2,316 SF freestanding Starbucks in Blackfoot, Idaho, offers an attractive investment opportunity with a new 10-year corporate NNN lease extending through April 2036. The property is 100% occupied by Starbucks, providing investors with long-term contractual income and limited landlord responsibilities, which are restricted to the roof and structure. The lease includes 10% rent increases every five years, along with four additional five-year renewal options, providing built-in contractual rent growth and potential for long-term tenancy. Situated on a 0.99-acre outparcel to Walmart, the property benefits from a high-traffic retail environment with Walmart generating approximately 2.4 million annual visits and ±200,000 monthly visits. The property offers immediate access to I-15, located approximately 0.3 miles from Exit 93, with frontage along Bergener Boulevard and exposure to approximately 18,500 vehicles per day. The surrounding retail node includes a strong concentration of national retailers, restaurants, and service businesses, reinforcing the location as a primary commercial destination in Blackfoot. Convenient regional access to Idaho Falls and Pocatello/Chubbuck further enhances the property's location and long-term investment appeal.
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Highlights

  • BUILT-IN RENTAL GROWTH lease includes 10% rent increases every five years, plus four additional five-year renewal options, providing contractual income growth and potential long-term tenancy.
  • ESTABLISHED BLACKFOOT RETAIL NODE surrounded by a concentration of national retailers, restaurants and service businesses within Blackfoot's primary commercial area, with convenient access to both Idaho Falls and Pocatello/Chubbuck.
  • HIGH-TRAFFIC WALMART SHADOW ANCHOR positioned on an outparcel to a Walmart generating approximately 2.4 million annual visits and ±200,000 monthly visits, ranking among the top 20 Walmart locations in Idaho by annual visits.
  • IMMEDIATE I-15 CONNECTIVITY located just 0.3 miles/two minutes from I-15 Exit 93, with frontage along Bergener Boulevard and exposure to approximately 18,500 vehicles per day.
  • NEW 10-YEAR CORPORATE STARBUCKS LEASE 100% occupied by Starbucks under a corporate NNN lease extending through April 2036, providing investors with long-term contractual income.
  • NEW 2026 CONSTRUCTION LIMITED LANDLORD RESPONSIBILITIES newly constructed 2,316 SF freestanding retail building on 0.99 acres, with landlord responsibilities limited to the roof and structure.

Attachments

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Location

  • City Blackfoot, ID
  • Zip Code 83221

Points of Interest

  • Chevron

    0.06 miles

  • Maverik

    0.27 miles

  • Phillips 66

    1.02 miles

  • Shell

    1.84 miles

  • Large Vehicle Parking

    8.60 miles

  • Domino's

    0.02 miles

  • Jimmy John's

    0.03 miles

  • McDonald's

    0.08 miles

  • Homestead Family Restaurant

    0.13 miles

  • Subway

    0.18 miles

  • Taco Bell

    0.22 miles

  • Little Caesars

    0.23 miles

  • Birto's

    0.28 miles

  • Pappy's

    0.88 miles

  • Colonial Inn

    0.92 miles

  • Walmart Supercenter

    0.09 miles

  • Ridley's Family Markets

    0.12 miles

  • Kesler's

    0.29 miles

  • Stoors Market

    0.99 miles

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