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15-Year Lease | Boise ID | Absolute NNN GL 3635 W Johnny Ln 5,000 SF Retail Building Eagle, ID 83616 $1,700,000 ($340/SF) 5% Cap Rate
Investment Highlights
- Absolute NNN ground lease structure eliminates management, capex, and expense risk.
- 15-year ground lease provides long-term income certainty with built-in rent growth.
- True passive investment ideal for out-of-town or 1031 exchange buyers.
- Zero landlord responsibilities.
- Located in Eagle, Idaho, one of the most affluent and supply-constrained submarkets in the Boise MSA.
- Secure investment promising years of bankable cashflow.
Executive Summary
This offering presents the opportunity to acquire a new construction, single-tenant ground lease in the highly desirable Eagle, Idaho submarket within the Boise MSA. The asset is secured by a 15-year absolute NNN ground lease with Potlatch No. 1 Financial Credit Union, providing a passive investment with zero landlord responsibilities. The tenant is responsible for all operating expenses, maintenance, and improvements, delivering a true hands-off ownership structure. The property is located within Mustang Crossing, a high-growth retail corridor with strong visibility, access, and traffic counts. Eagle represents one of the most affluent and supply-constrained markets in the region, benefiting from continued residential expansion and retail demand. The Boise MSA continues to rank among the fastest growing regions in the country, driven by significant in-migration, strong wage growth, and major economic catalysts including the expansion of Micron Technology. Micron’s multibillion-dollar investment is expected to generate thousands of high-paying jobs and further accelerate population and economic growth across the region.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,000 SF
Building Class
B
Year Built
2026
Price
$1,700,000
Price Per SF
$340
Cap Rate
5%
NOI
$85,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
4.95 AC
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
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15-Year Lease | Boise ID | Absolute NNN GL | 3635 W Johnny Ln
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