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Multi-Tenant NNN Leased Investment - 5% Cap 1630 S Eagle Rd 4,167 SF 72% Leased Retail Building Meridian, ID 83642 $3,400,899 ($816.15/SF) 5% Cap Rate
Investment Highlights
- Multi-tenant NNN leased investment property
- Strategically positioned at the signalized hard corner of Eagle Road and Overland Road in Meridian
- Seconds from Interstate 84 Exit 46
- Currently undergoing renovations and capital upgrades
- Excellent visibility, accessibility, and exposure
- Located at Silverstone & El Dorado Business Parks, both consisting of over 10,000 employees
Executive Summary
This multi-tenant investment property presents an opportunity to acquire a recently renovated commercial asset leased to Caines Collective – REV Collective, a new coffee/café/market concept, and Idaho Tipsy Trailers, a catering and event services company. The property is currently undergoing renovations, including tenant improvements, exterior enhancements, and other capital upgrades designed to improve the functionality and appearance of the asset. The site offers multiple dedicated tenant entrances, open sales areas, large storefront windows, two common-area restrooms, on-site parking, building and monument signage areas, a patio area, and convenient access from both Eagle and Overland Roads.
Strategically positioned at the signalized hard corner of Eagle Road and Overland Road in Meridian, Idaho, the property benefits from excellent visibility, accessibility, and exposure. Across from the Eagle View Landing development which will soon be home to a new 60,000 SF medical office building.
The property is also strategically located near Interstate 84 Exit 46, providing convenient connectivity between Meridian Road and the Flying Y/I-184 connector to Downtown Boise. The surrounding area offers a strong employment base, with approximately 56,037 employees within a three-mile radius and 76,981 employees within a 10-minute drive time, supporting the property’s long-term commercial appeal.
Located in the Silverstone Business Park, and east of the El Dorado Business Park (both consisting of over 10,000 employees) and the Gramercy mixed-use development, all of which include a mix of local retail shops, dining, offices, and professional services.
Strategically positioned at the signalized hard corner of Eagle Road and Overland Road in Meridian, Idaho, the property benefits from excellent visibility, accessibility, and exposure. Across from the Eagle View Landing development which will soon be home to a new 60,000 SF medical office building.
The property is also strategically located near Interstate 84 Exit 46, providing convenient connectivity between Meridian Road and the Flying Y/I-184 connector to Downtown Boise. The surrounding area offers a strong employment base, with approximately 56,037 employees within a three-mile radius and 76,981 employees within a 10-minute drive time, supporting the property’s long-term commercial appeal.
Located in the Silverstone Business Park, and east of the El Dorado Business Park (both consisting of over 10,000 employees) and the Gramercy mixed-use development, all of which include a mix of local retail shops, dining, offices, and professional services.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
4,167 SF
Building Class
B
Year Built/Renovated
2004/2026
Price
$3,400,899
Price Per SF
$816.15
Cap Rate
5%
NOI
$170,045
Percent Leased
72%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
0.87 AC
Zoning
C-C - Community Business zoning district is designed to provide retail and service needs for the community, adhering to the Meridian Comprehensive Plan.
Parking
30 Spaces (7.2 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Drive Thru
- Wheelchair Accessible
- Storage Space
- Monument Signage
- Air Conditioning
- Smoke Detector
- Cafe
- Awning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Idaho Tipsy Trailers
- Accommodation and Food Services
- 1,172 SF
- -
- Triple Net
- -
- REV Collective
- Accommodation and Food Services
- 2,945 SF
- -
- Triple Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Idaho Tipsy Trailers | Accommodation and Food Services | 1,172 SF | - | Triple Net | - | |
| REV Collective | Accommodation and Food Services | 2,945 SF | - | Triple Net | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Join REV Collective - A New Kind of Gathering Place - Amenities include dedicated entry, large open sales floors, large storefront glass, sales counter, 2 common area restrooms, on-site parking, building & monument signage areas, patio dining areas, and access from both Eagle & Overland Roads. Drive-thru space leased - new coffee shop opening soon
| Space | Size | Space Use | Position | Available |
| 175 | 1,174 SF | Retail | Outparcel | Now |
175
| Size |
| 1,174 SF |
| Space Use |
| Retail |
| Position |
| Outparcel |
| Available |
| Now |
175
| Size | 1,174 SF |
| Space Use | Retail |
| Position | Outparcel |
| Available | Now |
Join REV Collective - A New Kind of Gathering Place - Amenities include dedicated entry, large open sales floors, large storefront glass, sales counter, 2 common area restrooms, on-site parking, building & monument signage areas, patio dining areas, and access from both Eagle & Overland Roads. Drive-thru space leased - new coffee shop opening soon
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R7909770093 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,686,000 |
Property Taxes
Parcel Number
R7909770093
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,686,000
Contacts
-
Andrea Nilson -
LeAnn Hume CCIM, CLS, CRRP -
Julie Kissler -
Summit Commercial Real Estate Group
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