489 N Broadmore Way - Industrial FOR SALE


Nampa, ID 83687
$7,540,000 USD
208-591-6667
489 N Broadmore Way, Nampa, ID for Sale
$7,540,000 USD
Industrial - FOR SALE
1/20
null | 5.92% Cap Rate

489 N Broadmore Way
Nampa, ID 83687


HIGHLIGHTS

  • 29,700-SF industrial facility built in 2023 on 3.11 acres with 1-acre secured yard.
  • Eight automatic roll-up doors: six 16’x14’ and two 26’x14’; 26’ clear height.
  • Heavy power: 600A, 480V, 3-phase; mezzanine level and two transformers.
  • NNN lease to SRS, a Home Depot company; $443K+ NOI with 3% annual bumps.
  • 5-year base term started Jan 2024, with two 5-year renewal options.
  • Ideal 1031 exchange asset: below-market rents, strong credit tenant, Boise infill location.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$7,540,000 USD

PRICE/SF

$254 USD /SF

CAP RATE

5.92%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

A+ Tenant NNN Leased Investment

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

UTILITIES

Lighting, Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

26 Ft

DOCKS

-

DRIVE INS

8

PARKING SPACES

25

LAND DETAILS

LAND ACRES

3.11

LAND SF

135,472

ZONING

I-L

APN/PARCEL ID

13034115 0

ASK ABOUT THIS PROPERTY

Jon BrennanAgEquity LLCMore Info
208-591-6667

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Jon BrennanAgEquity LLCMore Info
208-591-6667

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