Stable, NNN Leased Investment Opportunity in the Heart of Meridian

Submitted by Anonymous (not verified) on Fri, 02/26/2021 - 09:02
Photo of Commercial Tire | Located at 100 W. Pennwood Street in Boise, Idaho

TOK Commercial is pleased to exclusively offer a strong retail investment opportunity for sale in the heart of Meridian.

Commercial Tire, located at 100 W. Pennwood Street in Meridian, is a single-tenant, NNN leased asset. Occupied by a long-term national tenant with forty-two locations across four states, Commercial Tire brings a 10-year initial lease term. This tenancy provides strong stability to the offering for prospective buyers.

The property's location is prominently positioned in well-established North Meridian, one of the nation’s fastest-growing cities. Commercial Tire sits directly on Meridian Road, one of the most frequented arterials in Meridian, with exposure to over 20,000 vehicles per day.  This retail-centric, high visibility location, is right outside downtown Meridian.  Surrounding retailers include Rite Aid, Starbucks, McDonald’s, Albertsons, Dairy Queen, Blimpie, Stinker Station, and many more.

The asset is offered at a 5.04% cap rate. This offering is a tremendous opportunity for an investor or 1031 exchange buyer to achieve stable returns with no management involvement, in an extremely high-demand investment market.

To find out more about this offering, please contact listing agents Chris Pearson and John Stevens


Five Locations to Serve You

Boise Office
250 S 5th Street, 2nd Floor
Boise, Idaho 83702
Main Phone: 208.378.4600

Nampa Office
16150 N. High Desert Street, Suite 200
Nampa, Idaho 83687
Main Phone: 208.378.4600

Twin Falls Office
195 River Vista Place, Suite 204
Twin Falls, Idaho 83301
Main Phone: 208.944.9694

Idaho Falls Office
1135 Pier View Drive, Suite 120
Idaho Falls, Idaho 83402
Main Phone: 208.227.8148

Coeur d'Alene Office
3322 N. Grand Mill Lane
Coeur d'Alene, Idaho 83814
Main Phone: 208.449.1908