Single-Tenant Net-Leased Investment | Grocery Outlet - Kuna
Single-Tenant Net-Leased Grocery Outlet | 5.75% CAP | 16,000 SF
Marketing description
Investment Offering | Single-Tenant Net-Lease Retail | Grocery Outlet - Kuna, Idaho
PRICE: $6,521,739
NOI: $375,000
CAP RATE: 5.75%
LEASE TYPE: NNN - CORPORATE GUARANTEED LEASE
PRIMARY TERM: 15 YEARS
RENEWALS: 4-5 YEAR OPTIONS
BUILDING SIZE: 16,000 SF
LOT SIZE: 2.19 ACRES
PARKING: 58 STALLS & CROSS PARKED
ZONING: C2 ZONE
PARCEL #: R6949011000
YEAR BUILT: 2025-2026
NEW CONSTRUCTION: NOW OPEN & OPERATING AS OF MAY 2026
RESPONSIBILITIES: LANDLORD - ROOF, STRUCTURE, FOUNDATION,
UTILITY LINES OUTSIDE THE PREMISES
Investment highlights
Summit Commercial Real Estate Group has been retained as the exclusive agent for the sale of a 16,000 SF, single-tenant retail investment located in Kuna, Idaho, one of the fastest-growing submarkets in the Treasure Valley.
Construction of the building has been completed, and the tenant has been open and operating as of May 21st, 2026, providing investors with a newer construction, long-term net-lease asset.
The property is strategically positioned within a rapidly expanding commercial corridor, surrounded by strong residential growth and new commercial development. Kuna has experienced substantial population growth over the past several years, and the city’s comprehensive plan anticipates the population to more than double by 2040, supporting long-term retail demand and value appreciation.
The site offers exceptional visibility and access at a signalized intersection along Meridian Road / Highway 69, a primary north-south thoroughfare in the Treasure Valley, with direct access to Interstate 84. Traffic counts exceed 22,943 vehicles per day on Meridian Road and 15,183 vehicles per day on Deer Flat Road, enhancing tenant exposure and long-term viability.
The surrounding 5-mile trade area (2025) includes a population of 66,584, projected to grow to 75,000 by 2030, supported by 22,707 households, a median household income of $105,957, and an average household income of $142,064.
Lease Structure Highlights
- 15-Year Primary Term
- Four (4) Five-Year Renewal Options
- Limited landlord responsibilities: roof, structure, foundation, and utility lines outside the premises
- Positioned for long-term passive income and inflation-hedged cash flow
This offering presents an opportunity to acquire a high-quality, single-tenant retail asset in a growth-oriented market with strong demographics, excellent traffic exposure, and long-term income stability backed by a corporate guaranteed lease.
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