6259 Linder RdMeridian, ID 83646

For Sale
$2,800,000

High-performing Dollar Tree; strong lease.

Overview

Added:
Dec 11, 2024
Days on market:
96
This exceptional investment opportunity presents a fee-simple, 10,000 square foot Dollar Tree located at 6259 N Linder Rd, Meridian, ID 83646. Built in 2017, this Class A retail property sits on a 51,716 square foot lot and boasts a corporate guaranteed NNN lease with Dollar Tree Stores, Inc. The current lease, with an annual rent of $140,000, extends to June 2027, and includes three five-year renewal options. The property features a 5.00% cap rate and a $2,800,000 asking price, translating to $280 per square foot. The single-story building is 100% occupied since August 8, 2017, and benefits from rent bumps. The property is zoned C-G and offers cross access and a shared pylon sign. This is a rare opportunity to acquire a stable, high-performing investment with a strong national tenant and significant remaining lease term. The property's location in Meridian, Ada County, Idaho, provides excellent visibility and access. The property's strong financials and long-term lease make it an attractive investment for discerning buyers. The APN is R4995340100.

Highlights

  • Corporate guaranteed net lease with Dollar Tree Stores, Inc.
  • 10,000 square foot building on a 51,716 square foot lot in Meridian, Idaho.
  • $2,800,000 asking price, representing a 5.00% cap rate.
  • Built in 2017, with a remaining lease term of 4 years and three 5-year renewal options.
  • 100% occupancy, generating $140,000 in annual net operating income (NOI).

Property Details for 6259 Linder Rd

Property type
Other retail properties, Individual retail properties
Square Feet
10,000 SF
Class
A
Year Built/Renovated
2017/2017
Buildings
1
Stories
1
Units
1

Location Insight

City
Meridian
County
Ada
State
Idaho
Latitude
43.662036418487
Longitude
-116.41626537762
6259 Linder Rd, Meridian, Idaho

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6259 Linder Rd
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