Investment Offering
Boise, ID - Former Rite Aid (Fairview)
10600 Fairview Ave | Boise, ID 83713
$3,000,000
Price14,610
± SF Offering GLADescription
SRS National Net Lease Group in collaboration with NAI Select is pleased to offer for sale a 1.80-acre lot with a 14,610 SF former national drugstore/pharmacy located in Boise, Idaho. The building was formerly occupied by Rite Aid and features a drive-thru pharmacy as well as 96 parking stalls, an ample 6.57 stalls per 1,000 SF of leasable area. The property is zoned C-2D/DA, General Commercial, providing for a wide range of retail and commercial uses. The site presents an excellent lease-up or redevelopment opportunity in a highly desirable retail location.
Location
The asset is located near the signalized, hard corner intersection of Fairview Ave and N. Five Mile Rd with a combined 58,000 vehicles passing by daily. Fairview Ave, is a major retail thoroughfare serving the city of Boise. The property is located just north of Interstate 84, a major east/west travelling thoroughfare averaging 142,000 VPD. The site is just east of Meridian Crossroads, a 527,000 square foot shopping center anchored by Ross Dress For Less, Albertson’s, Bed Bath & Beyond, & more. In addition, the subject asset is less than 3 miles northwest of Franklin Towne Center, a 434,000 square foot center anchored by Cabela’s, T.J. Maxx, and HomeGoods. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, Lowe’s Home Improvement, The Home Depot, Dick’s Sporting Goods, Michael’s, Kohl’s, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 268,000 with an average household income of $104,109.
Contact
Matthew Mousavi
Sr Managing Principal & Co-Head of National Net Lease
949.698.1116949.698.1116[email protected]CA #: 01732226
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215
Michael Erkmann
NAI Select[email protected]