1491 S Eagle Rd
Retail | 5.50% CAP | 3,317 SqFt
Marketing description
This offering is a 100% leased, absolute NNN Valvoline Instant Oil Change property located at 1491 S Eagle Rd in Meridian, Idaho, offered at $2,400,000 with $132,000 NOI at a 5.50% cap rate. The asset consists of a 3,317 SF freestanding building constructed in 2019 on 0.47 acres and is leased to Valvoline Inc. (NYSE: VVV), a publicly traded automotive service operator with more than 1,800 locations nationwide and a 150+ year operating history. The absolute NNN lease structure provides passive ownership with no landlord responsibilities and includes scheduled rental increases and multiple extension options.
Strategically positioned along the high-traffic Eagle Road corridor (36,000+ VPD), the property benefits from strong retail visibility,
solid surrounding demographics, and flexible C-G zoning, Meridian’s most accommodating commercial designation. Supported by Boise MSA’s continued population growth and a healthy retail market environment, the asset represents a stabilized, credit-backed net lease investment in one of Idaho’s most desirable and growth-oriented markets.
Investment highlights
- Long-term absolute nnn lease - 100% leased to valvoline, llc, providing stable, passive income with no landlord responsibilities.
- Strong national credit tenant - backed by a nationally recognized automotive service operator with a proven operating history and strong brand presence.
- High-quality asset - well-maintained 3,317 sf freestanding retail building completed in 2019, featuring modern construction, strong curb appeal, and durable materials designed for long-term performance and minimal capital needs.
- High-exposure eagle rd location - strategically located along s. Eagle road—one of meridian’s busiest commercial corridors with over 46,000 vehicles per day at the intersection—this property offers outstanding visibility, strong retail synergy, and convenient access within one of the treasure valley’s fastest-growing trade areas.
- Attractive 5.50% cap rate - offered at a compelling 5.50% cap rate, presenting an opportunity to acquire a stabilized, longterm NNN investment in one of idaho’s most desirable and growth-oriented markets.
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