Marcus & Millichap’s Brown Retail Group is pleased to exclusively present for sale a top performing Grocery Outlet located in the rapidly growing Boise MSA. This Grocery Outlet is ranked #2 in the Boise MSA and top 5 in the entire state of Idaho, according to Placer.ai. Grocery Outlet just exercised its first renewal option, extending the lease through June 2030, showing strong commitment to the site. Grocery Outlet is paying just $12.53/SF + NNN in rent, with current market rents averaging $15.70/SF + NNN, providing for stable tenancy and long-term upside potential for investors as Caldwell submarket rents continue to grow. The lease is corporately guaranteed by Grocery Outlet Inc. (NASDAQ: GO). In 2024, the company reported revenues exceeding $4.37 billion and net sales are up 8.5% year-over-year in Q1 2025, underscoring the brand’s continued momentum. The property was a build-to-suit in 2015 for Grocery Outlet and features modern construction and high-quality finishes tailored to the tenant’s operational needs. The NNN lease structure includes minimal landlord responsibilities, limited to roof and structure. The property is strategically located within Caldwell Commons at the signalized hard-corner intersection of Hwy 84/Cleveland Blvd and E Ustick Rd, benefitting from excellent visibility, signage, and access, with combined traffic counts exceeding 32,000 VPD. The Caldwell retail submarket boasts a vacancy rate of 1.5%, with average rent growth of nearly 4% for the past five years. With only 2.6% retail footprint growth since 2020 and no retail space currently under construction, the development lull creates an incredibly high barrier-to-entry as demand for space remains high. The population within a five-mile radius has increased by 15% since 2020 and is projected to grow another 22% over the next five years. The Boise MSA continues to rank among the fastest-growing markets in the US, with a nearly 25% population increase from 2014 to 2024. The property benefits from being surrounded by other national retailers such as Dollar Tree, Maverik, Sherwin Williams, and Chipotle, with additional nearby retailers including Walmart, Jack in the Box, KFC, Verizon, and Take 5 Oil Change.