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29521502
29521503

1050 S Silverstone Way, Meridian, ID 83642

KG
ID 8261576
CBRE - Boise
CBRE - Boise
TR
SP22042
CBRE - Boise
Listed by CBRE - Boise
$25,000,000
124 days on market
Updated 16 days ago

1050 South Silverstone, Meridian, ID

Details
APN R7319432000
Property Type Retail, Special Purpose
Sub Type Sports/Entertainment
Square Footage 60,000
Cap Rate 7.00%
Occupancy 100%
Tenancy Single
Brand/Tenant Topgolf
Lease Type Absolute NNN
Remaining Term 16
Rent Bumps Yes
Price per SqFt $417
Year Built 2022
Buildings 1
Acreage 11.560
Zoning C-G (general Retail & Service Commercial)
Parking Spaces 274 spaces
Parking Per SqFt 4.57
Ground Lease Yes

STNL Investment Opportunity in Idaho's Fastest-Growing Market

Marketing description

STNL INVESTMENT OPPORTUNITY IN HIGH-GROWTH MARKET

  • NNN lease provides ease of ownership.

  • The remaining lease term, totaling ±16 years (not including extensions), provides investment security.

  • The current annual rent totals $1.75M, reflecting an attractive passive income steam for new ownership. 10% rent increases, occurring every 5 years, provide a compelling hedge against future inflationary pressures.

FLAGSHIP ENTERTAINMENT ASSET IN IDAHO’S FASTEST‑GROWING MARKET

  • Topgolf Meridian is Idaho’s first and only Topgolf location, positioned within the Boise–Meridian metro, one of the fastest‑growing regions in the Mountain West. The venue benefits from being a category‑defining regional draw, with no in‑state competition from comparable golf‑entertainment concepts, allowing it to capture demand from the entire Treasure Valley and surrounding secondary markets.

STRATEGIC INTERSTATE & REGIONAL VISIBILITY

  • The property sits immediately adjacent to Interstate 84 and Eagle Road, one of the busiest traffic corridors in Idaho, offering exceptional visibility and signage exposure to both daily commuters and regional travelers. This location places the asset within a 30‑minute drive of more than 750,000 residents, further reinforcing its regional draw characteristics rather than reliance on hyper‑local patrons.

STRONG ECONOMIC MARKET WITH TENANT BASE
• Market: Meridian is the fastest growing submarket in the Boise MSA.
• Population Growth: Projected +19.2% by 2029. 3 mile: ~61,500 projected +13.8%.
• Household Income: 2025 Avg HH Income for Meridian $142,982

Investment highlights

STRATEGIC LOCATION, ECONOMIC DRIVERS – TECH AND HEALTHCARETECHNOLOGY GROWTH

  • Boise is emerging as a tech hub, attracting startups and remote workers seeking quality of life and affordability.

MICRON EXPANSION

  • Micron’s multi-billion-dollar semiconductor investments bring high-paying jobs and spur demand for office space for R&D and corporate functions.

HEALTHCARE & PROFESSIONAL SERVICES

  • Rapid population growth supports healthcare systems and professional firms, increasing office requirements.

FLEX & HYBRID WORK
• Lifestyle appeal drives coworking demand, benefiting local operators like Kiln.

Listing Contacts

KG
ID 8261576
CBRE - Boise
CBRE - Boise
TR
SP22042
CBRE - Boise
Listed by CBRE - Boise

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Additional Information

Name
Kurt Gregg
License
8261576
Brokerage
CBRE
Name
Montana Carranza
License
3671379
Brokerage
CBRE
Brokerage Phone
2086448000
Title
Real Estate Associate
Brokerage Address
877 W Main St, Ste 600
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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