Stable, NNN Leased Investment Opportunity in the Heart of Meridian

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

Agent Relation: 
Chris Pearson
John Stevens
John Stevens