1491 S Eagle Rd - Auto Repair FOR SALE


Meridian, ID 83642- Southeast Meridian
$2,400,000 USD
208-947-0835
1491 S Eagle Rd, Meridian, ID for Sale
$2,400,000 USD
Auto Repair - FOR SALE
1/13
null | 5.5% Cap Rate

1491 S Eagle Rd
Meridian, ID 83642
Southeast Meridian


HIGHLIGHTS

  • Long-Term Absolute NNN Lease
  • Strong National Credit Tenant
  • High-Quality Asset
  • High-Exposure Eagle Rd Location

OVERVIEW

This offering is a 100% leased, absolute NNN Valvoline Instant Oil Change property located at 1491 S Eagle Rd in Meridian, Idaho, offered at $2,400,000 with $132,000 NOI at a 5.50% cap rate. The asset consists of a 3,317 SF freestanding building constructed in 2019 on 0.47 acres and is leased to Valvoline Inc. (NYSE: VVV), a publicly traded automotive service operator with more than 1,800 locations nationwide and a 150+ year operating history. The absolute NNN lease structure provides passive ownership with no landlord responsibilities and includes scheduled rental increases and multiple extension options. Strategically positioned along the high-traffic Eagle Road corridor (36,000+ VPD), the property benefits from strong retail visibility, solid surrounding demographics, and flexible C-G zoning, Meridian’s most accommodating commercial designation. Supported by Boise MSA’s continued population growth and a healthy retail market environment, the asset represents a stabilized, credit-backed net lease investment in one of Idaho’s most desirable and growth-oriented markets.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$724 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

C-G

APN/PARCEL ID

R1901110085

ASK ABOUT THIS PROPERTY

Mike Greene CCIM, SIORTOK CommercialMore Info
208-947-0835

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Mike Greene CCIM, SIORTOK CommercialMore Info
208-947-0835

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