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111 N Main St
Meridian, ID 83642
Franklin & Main | Hard Corner Retail · Retail Property For Sale
Investment Highlights
- Premier Hard Corner Location: Situated on a signalized intersection with exceptional visibility and strong daily traffic.
- The lease expires April 30, 2028, allowing a future owner the ability to reposition the property in the near term. Tenant has no options to renew.
- Meridian continues to be one of the fastest growing cities in Idaho, supported by population growth.
- Potential to redevelop as tenant has no options to renew or option to raise rents to market level which are currently extremely low.
- The property is located within a dense retail corridor surrounded by national retailers, service providers, and strong residential growth.
Executive Summary
Goldman | Ryden is pleased to present the opportunity to acquire a high-visibility retail property located at a signalized hard corner in Meridian, Idaho. Positioned within one of the most active commercial corridors in the Boise MSA, the asset benefits from excellent visibility, strong traffic counts, and continued surrounding commercial and residential growth.
The property is currently leased through April 30, 2028, providing in-place income while offering future flexibility to reposition the asset through tenant replacement, lease restructuring, or potential redevelopment. Tenant has no options to renew.
This offering represents a rare opportunity to acquire a premier corner location with both immediate cash flow and long-term value-add potential in one of Idaho’s fastest-growing markets.
The property is currently leased through April 30, 2028, providing in-place income while offering future flexibility to reposition the asset through tenant replacement, lease restructuring, or potential redevelopment. Tenant has no options to renew.
This offering represents a rare opportunity to acquire a premier corner location with both immediate cash flow and long-term value-add potential in one of Idaho’s fastest-growing markets.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Building Size
2,668 SF
Building Class
B
Year Built
1980
Price
$1,100,000
Price Per SF
$412.29
Cap Rate
4.31%
NOI
$47,420
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.29 AC
Opportunity Zone
Yes
Zoning
O-T
Parking
12 Spaces (4.5 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | R9426000417 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $643,000 |
Property Taxes
Parcel Number
R9426000417
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$643,000
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