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1500 N Locust Grove Rd
Meridian, ID 83642
Shops on the Grove · Retail Property For Sale
Investment Highlights
- Prime retail investment opportunity in the heart of Meridian
- Good tenant mix with a proven history of occupancy and leasing success
- *Financials available upon request
- Excellent visibility and access with strong daily traffic counts
- Ample parking and convenient ingress/egress for customers and tenants
Executive Summary
Lee & Associates is pleased to present a premier retail investment opportunity in one of the Treasure Valley’s most visible and heavily trafficked commercial corridors. Located at the signalized intersection of Locust Grove Road and Fairview Avenue, the property offers excellent visibility, easy access, and strong daily traffic counts. The center is anchored by a strong retail environment, adjacent to D&B Supply and directly across from Fred Meyer, generating consistent customer traffic and supporting tenant success. A diverse tenant mix, stable occupancy history, and proven leasing performance provide a reliable income stream and long-term investment stability.
Just one mile from Eagle Road and The Village at Meridian, the property is surrounded by established neighborhoods, growing residential communities, and a thriving commercial base. Its prime location, strong market fundamentals, and proven operating history make this an attractive opportunity for investors seeking a well-positioned retail asset.
Just one mile from Eagle Road and The Village at Meridian, the property is surrounded by established neighborhoods, growing residential communities, and a thriving commercial base. Its prime location, strong market fundamentals, and proven operating history make this an attractive opportunity for investors seeking a well-positioned retail asset.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,181 SF
Building Class
B
Year Built
2000
Price
$2,400,000
Price Per SF
$293.36
Cap Rate
5.96%
NOI
$143,040
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
0.74 AC
Opportunity Zone
Yes
Zoning
C-G - General Commercial
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | R7104253321 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,790,300 |
Property Taxes
Parcel Number
R7104253321
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,790,300
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