Meridian, ID Retail Property For Sale

Build-Ready pad sites for sale, ground lease, or build-to-suit at Ten Mile and McMillan Roads, 2 pads totaling 1.94 acres available. Built-to-Suit sizes range from 1,500 to 10,000 SF, contact agents for ground lease options. Join Jacksons Gas & C-Store, Mister Car Wash, Heartland Dental, Noodles & Co., Frontier Credit Union, & Les Schwab Tire Center. Potential uses include retail, restaurant, sale office or professional service provider type users. Surrounding tenants include Walmart, Icon Credit Union, Panda Express, Starbucks, Supercuts, Papa Murphy’s, Salon G, Westmark Credit Union, Labor Max Staffing, Gino’s Italian Ristorante, Rudy’s Pub & Grill, Four Seasons Spa & Pool, Gridiron Rehab & Fitness, Kvell Fitness & Nutrition, Dance Allegro Academy. Surrounded by new & proposed residential developments - located directly in the path of growth. High traffic location near the new Costco & WinCo Foods - 13,000 average daily traffic on McMillan Road.

New 36 acre mixed-use development including 559 units of residential housing and 166,425 SF of single tenant/multi-tenant retail & office spaces from 1,200 to 20,000 SF, contact agents for details - delivery scheduled for Fall of 2023. Prime location for retail, restaurant & service related industries, west of Happy Teriyaki, Epic Shine Carwash, Primary Health, Jon Smith Subs, V’s Barbershop & Valvoline Instant Oil Change. Directly in the path of growth, surrounded by new & proposed residential developments - over 1,500 units. Across from The Lofts @ Ten Mile “Luxury Living” – Built in 2019 - 4 stories with 240 units – Rent: $1,341.00 to $1,806.00/Month. Excellent visibility at a newly designed signalized intersection, Ten Mile & Franklin Roads - both major thoroughfares. High traffic area with direct access to Interstate 84 Exit 42 which connects the Treasure Valley. Located north of the new Ten Mile Crossing - which includes medical, retail, restaurants and professional service providers.

Central Valley Shops are part of the Central Valley Corporate Park at I-84 & the Meridian Road Exit. Central Valley Shops are Shadow Anchored by Winco and Home Depot. Other Retail Tenants in the Park Include, but are not Limited to, Panda Express, McDonald’s, Sheri’s Cafe, Children’s Museum of Idaho, Ada County DMV and Many Others.

--

PROPERTY HIGHLIGHTS

• Below Market Rents.

• Shadow Anchored by Winco, and Home Depot.

• Easy Access to and from I-84 and Meridian Road.

• Excellent Monument Signage on Meridian Road.

• All Leases are NNN Leases.

--

INVESTMENT OFFERING SUMMARY

Address: 975 - 993 S. Progress Avenue, Meridian, ID 83642

Price: $1,543,500

Proforma Net Operative Income: $103,882

Less 5% Vacancy/Reserve Factor $5,194>

Less Unreimbursed Expenses (Proforma) $6,850>

Adjusted Proforma Net Operating Income: $91,838

Multi-Tenant retail building with drive-thru

Direct access from both Eagle Rd and Overland Rd

Silverstone and El Dorado Corporate Parks house over 10,000 employees

providing steady daytime traffic

Building has been a two & three tenant building in the past

Flexible infrastructure allowing for varied multi-tenant floorplans

Contact agent for showing instructions - Do Not Disturb Tenant