Listed by Northmarq - Seattle
$2,330,000
Shops at Glenwood
Details
APN S0524438600
Property Type Retail
Sub Type Shopping Center, Storefront
Square Footage 11,661
Net Rentable (SqFt) 11,661
Cap Rate 6.30%
Occupancy 100%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Price per SqFt $199
Year Built 2005
Buildings 1
Stories 1
Lot Size (SqFt) 54,014
Zoning C-2
Parking Spaces 54 spaces
Parking Per SqFt 4.63
Investment Type Stabilized
Ownership Fee Simple
100% NNN Leased Retail Strip with Three Service-Oriented Tenants in Garden City (Boise MSA)
Investment highlights
Service‑oriented tenants on NNN leases, providing minimal landlord obligations and catering to daily neighborhood needs.
100% NNN‑leased 11,661 SF retail strip with three tenants: Brooks Fit, Cosmo Prof, and Customized Hair.
Stabilized in‑place rents of $13.17/SF vs. market ~$15/SF+, offering upside at rollover.
Boise/Garden City retail vacancy at only 3.5%, reflecting a tight submarket.
Prime State & Glenwood corridor (~80k VPD) connecting downtown Boise and Eagle.
Adjacent to Water’s Edge 352‑unit luxury apartments and near national retailers including Walgreens, O’Reilly Auto Parts, and Walmart/Albertsons.
Drive‑thru end cap and pylon signage enhance leasing flexibility and future value.
Listing Contacts
Listed by Northmarq - Seattle
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