4744 Park Crossing AveMeridian, ID 83646

For Sale
$4,300,000

High-yield retail property, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
97
This exceptional investment opportunity presents a multi-tenant retail building and a standalone quick-service restaurant (QSR) situated on a prominent corner lot in Meridian, Idaho. The property boasts a total of 10,094 square feet across two buildings constructed between 2019 and 2022. The buildings are situated on a 1.2-acre lot with multiple points of access, benefiting from high traffic counts exceeding 26,000 vehicles daily. The property features a mix of service-based retail tenants, with triple-net leases minimizing landlord responsibilities. Currently, rents are below market value, presenting a significant opportunity for future income growth through lease renewals and annual escalations. The property is exceptionally well-maintained and zoned CN. The asking price is $4,300,000, representing a compelling 5.40% cap rate and a price per square foot of $426. This is a rare chance to acquire a high-performing retail asset in a thriving Meridian submarket. The property's strategic location, strong tenant mix, and potential for increased revenue make it an ideal investment for discerning buyers. The Ada County location, with APN R1740510280, ensures easy access to property records and due diligence. The single-story buildings offer efficient layouts and easy management.

Highlights

  • $4,300,000 asking price for this 10,094 SF retail property.
  • 5.40% cap rate with a price per square foot of $426.
  • Two, one-story buildings constructed in 2019 and 2022.
  • Located on a 1.2-acre lot at a hard corner location in Meridian, ID, with excellent access and high traffic counts.
  • Property features a mix of service-based retail tenants with triple-net leases.

Property Details for 4744 Park Crossing Ave

Property type
Lifestyle centers, Power centers
Square Feet
10,094 SF
Year Built
2019
Buildings
2
Stories
1
Lot Size (sq. ft)
52,272 SF

Location Insight

City
Meridian
County
Ada
State
Idaho
Latitude
43.6481291
Longitude
-116.3758698
4744 Park Crossing Ave, Meridian, Idaho

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4744 Park Crossing Ave
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