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1491 S Eagle Rd 3,317 SF Retail Building Meridian, ID 83642 $2,400,000 ($723.55/SF) 5.50% Cap Rate
Investment Highlights
- Long-Term Absolute NNN Lease
- High-Quality Asset
- Strong National Credit Tenant
- High-Exposure Eagle Rd Location
Executive Summary
This offering is a 100% leased, absolute NNN Valvoline Instant Oil Change property located at 1491 S Eagle Rd in Meridian, Idaho, offered at $2,400,000 with $132,000 NOI at a 5.50% cap rate. The asset consists of a 3,317 SF freestanding building constructed in 2019 on 0.47 acres and is leased to Valvoline Inc. (NYSE: VVV), a publicly traded automotive service operator with more than 1,800 locations nationwide and a 150+ year operating history. The absolute NNN lease structure provides passive ownership with no landlord responsibilities and includes scheduled rental increases and multiple extension options. Strategically positioned along the high-traffic Eagle Road corridor (36,000+ VPD), the property benefits from strong retail visibility, solid surrounding demographics, and flexible C-G zoning, Meridian’s most accommodating commercial designation. Supported by Boise MSA’s continued population growth and a healthy retail market environment, the asset represents a stabilized, credit-backed net lease investment in one of Idaho’s most desirable and growth-oriented markets.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
3,317 SF
Building Class
B
Year Built
2019
Price
$2,400,000
Price Per SF
$723.55
Cap Rate
5.50%
NOI
$132,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.47 AC
Zoning
C-G - General Commercial
Nearby Major Retailers
Property Taxes
| Parcel Number | R1901110085 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,881,800 |
Property Taxes
Parcel Number
R1901110085
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,881,800
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1491 S Eagle Rd
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