Position your portfolio for long-term success with this newly built industrial asset located in Idaho’s fastest-growing metro.
489 N Broadmore Way is a 29,700-square-foot Class A warehouse delivered in 2023, featuring 27,900 square feet on the ground floor and a 2,100-square-foot mezzanine, including 4,200 square feet of finished office space. The 3.11-acre site includes a fully fenced 1-acre yard and ample parking. Modern industrial features include eight automatic roll-up doors (six 16’x14’, two 26’x14’), 26' clear height, full insulation, sprinkler systems, and robust electrical infrastructure: 600-amp, 480-volt, 3-phase power and dual transformers.
The building is fully leased to SRS Distribution on a triple net (NNN) basis. Backed by Home Depot (NYSE: HD, $392B market cap), SRS is a national distributor of roofing and building materials with a strong credit profile. The lease commenced January 1, 2024, with an initial 5-year term, two 5-year renewal options, and 3% annual escalations, generating $443,911.38 in NOI.
Strategically positioned just off I-84 and minutes from Downtown Boise, the Union Pacific Rail Yard, and Boise Airport, this asset benefits from superior regional connectivity and strong tenant demand. The site offers limited nearby competition and infill scarcity—ideal for long-term appreciation.
The Treasure Valley continues to outperform national trends with a 7.4% annual industrial rent growth rate and over 60,000 new residents between 2020 and 2024. This property is a rare opportunity to acquire a stabilized, income-generating asset in one of the West’s premier logistics corridors.