Mid Valley Plaza | NNN Investment | Boise, Idaho
Retail | 7.00% CAP | 65,921 SqFt
Marketing description
Mid Valley Plaza | Multi-Tenant NNN Investment | Boise, Idaho | 7.00% Cap Rate | 65,921 SF Retail Center | For Sale $7,000,000
Rare opportunity to acquire Mid Valley Plaza, a 65,921 SF multi-tenant retail investment property located at 10243 W Fairview Avenue in Boise, Idaho (Ada County). Offered at $7,000,000 at a 7.00% capitalization rate, this 100% occupied retail center delivers stable, in-place income backed by long-term tenancies and a diverse tenant mix — an ideal commercial real estate investment for NNN investors, 1031 exchange buyers, and institutional portfolio acquisitions.
The property sits on prime frontage along Fairview Avenue, a dominant east-west arterial corridor carrying 50,000+ vehicles per day, providing exceptional visibility and accessibility within the Boise-Nampa MSA — one of the fastest-growing metros in the Pacific Northwest. The center benefits from strategic shared access with an adjacent ACE Hardware-anchored shopping center and additional retail draw from Harbor Freight directly across the street, creating a dominant retail node with outstanding co-tenancy.
Significant value-add upside exists through multiple medium-to-large suites currently leased below market, with lease rollover anticipated between 2027–2030, offering investors near-term mark-to-market rent growth potential. The property features a rare existing double drive-thru kiosk within MX-3 zoning — a competitive differentiator in a zoning district that no longer permits new drive-thru uses, adding long-term scarcity value.
Key Investment Metrics: Asking Price $7,000,000 | Cap Rate 7.00% | Building Size 65,921 SF | Occupancy 100% | Location Boise, ID (Ada County) | Frontage 50,000+ VPD on Fairview Ave | Zoning MX-3 | Value-Add Opportunity Below-market leases rolling 2027-2030 | Market Boise-Nampa MSA
Ideal for: Multi-tenant retail investors, NNN buyers, 1031 exchange, value-add retail acquisition, Boise commercial real estate, Idaho investment property, institutional CRE portfolios, Pacific Northwest retail investment.
Investment highlights
- 100% occupied asset with stable in-place income supported by long-term tenancy and rent guaranty.
- Built-in value-add upside with several medium-to-large suites currently leased below market, creating mark-to-market potential as leases roll between 2027–2030.
- Existing double drive-thru kiosk within MX-3 zoning, creating a competitive edge opportunity in a zoning that does not permit new drive thru uses
- Strategic shared access with an adjacent shopping center anchored by ACE Hardware, with additional retail draw from Harbor Freight directly across the street.
- Prime frontage on Fairview Avenue, a major east–west arterial carrying 50,000+ vehicles per day, delivering exceptional visibility and traffic exposure
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