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Grocery Outlet 20 Nearing Way 18,000 SF Retail Building Kellogg, ID 83837 $6,480,000 ($360/SF) 5.50% Cap Rate
Investment Highlights
- Located directly off I-90 with immediate freeway access at Exit 48, ensuring strong regional connectivity.
- Both dock-high and grade-level loading doors for flexible operational needs.
- Designated within an Opportunity Zone, offering potential tax benefits for qualifying investors.
- Modern 18,000 SF building constructed in 2022 and positioned on a 2.14-acre site.
- Includes 106 parking spaces for high customer volume support.
- Situated within Silver Valley’s established retail corridor surrounded by national retailers.
Executive Summary
This modern retail property in Kellogg’s Silver Valley corridor provides an exceptional acquisition opportunity for investors or owner-users. Strategically located immediately off I-90 at Exit 48, the building offers unmatched regional connectivity and visibility in one of North Idaho’s most active travel and trade corridors. Built in 2022, the single-story structure features a versatile 18,000 SF footprint on over 2 acres, making it an efficient option for grocery, big-box retail, or adaptive reuse. The site includes high parking ratios and is fully improved, with both dock-high and grade-level loading capabilities to support logistics, distribution, or hybrid retail models.
Anchored in an established commercial node near national brands, the property benefits from steady consumer traffic and proximity to key regional attractions. Its inclusion in a federally designated Opportunity Zone allows for significant potential tax advantages upon reinvestment.
Anchored in an established commercial node near national brands, the property benefits from steady consumer traffic and proximity to key regional attractions. Its inclusion in a federally designated Opportunity Zone allows for significant potential tax advantages upon reinvestment.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Supermarket
Building Size
18,000 SF
Building Class
B
Year Built
2022
Price
$6,480,000
Price Per SF
$360
Cap Rate
5.50%
NOI
$356,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
2.14 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
106 Spaces (5.88 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 5,000-18,000 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 5,000-18,000 SF | Retail | - | Now |
1st Floor
| Size |
| 5,000-18,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | RP49N02E355616A | Improvements Assessment | $0 |
| Land Assessment | $38,052 | Total Assessment | $38,052 |
Property Taxes
Parcel Number
RP49N02E355616A
Land Assessment
$38,052
Improvements Assessment
$0
Total Assessment
$38,052
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Grocery Outlet | 20 Nearing Way