1050 S Silverstone Way - Sports and Entertainment FOR SALE


Meridian, ID 83642- Southeast Meridian
$25,000,000 USD
208-678-6281
1050 S Silverstone Way, Meridian, ID for Sale
$25,000,000 USD
Sports and Entertainment - FOR SALE
1/5
null | 7% Cap Rate

1050 S Silverstone Way
Meridian, ID 83642
Southeast Meridian


HIGHLIGHTS

  • STNL INVESTMENT OPPORTUNITY IN IDAHO'S FASTEST-GROWING MARKET
  • STRONG ECONOMIC MARKET WITH TENANT BASE
  • STRATEGIC LOCATION, ECONOMIC DRIVERS - TECH & HEALTHCARE
  • MERIDIAN, PRESENTS A COMPELLING BLEND OF GROWTH, OPPORTUNITY & AN EXCEPTIONAL QUALITY OF LIFE

OVERVIEW

STNL INVESTMENT OPPORTUNITY IN HIGH-GROWTH MARKET * NNN lease provides ease of ownership. * The remaining lease term, totaling ±16 years (not including extensions), provides investment security. * The current annual rent totals $1.75M, reflecting an attractive passive income steam for new ownership. 10% rent increases, occurring every 5 years, provide a compelling hedge against future inflationary pressures. FLAGSHIP ENTERTAINMENT ASSET IN IDAHO’S FASTEST-GROWING MARKET * Topgolf Meridian is Idaho’s first and only Topgolf location, positioned within the Boise–Meridian metro, one of the fastest-growing regions in the Mountain West. The venue benefits from being a category-defining regional draw, with no in-state competition from comparable golf-entertainment concepts, allowing it to capture demand from the entire Treasure Valley and surrounding secondary markets. STRATEGIC INTERSTATE & REGIONAL VISIBILITY * The property sits immediately adjacent to Interstate 84 and Eagle Road, one of the busiest traffic corridors in Idaho, offering exceptional visibility and signage exposure to both daily commuters and regional travelers. This location places the asset within a 30-minute drive of more than 750,000 residents, further reinforcing its regional draw characteristics rather than reliance on hyper-local patrons. STRONG ECONOMIC MARKET WITH TENANT BASE * Market: Meridian is the fastest growing submarket in the Boise MSA. * Population Growth: Projected +19.2% by 2029. 3 mile: ~61,500 projected +13.8%. * Household Income: 2025 Avg HH Income for Meridian $142,982

FOR SALE DETAILS

PRICE

$25,000,000 USD

PRICE/SF

$757 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

274

LAND DETAILS

LAND ACRES

11.56 AC

LAND SF

503,554 SF

ZONING

C-G

APN/PARCEL ID

R7319432000

ASK ABOUT THIS PROPERTY

Timothy ReidCBREMore Info
208-678-6281

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Timothy ReidCBREMore Info
208-678-6281

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.