Franklin & Main | Meridian ID | Premier Hard Corner
Lighted Hard Corner | A+ Location | Redevelopment Opportunity
Marketing description
Goldman | Ryden is pleased to present the opportunity to acquire a high-visibility retail property located at a signalized hard corner in Meridian, Idaho. Positioned within one of the most active commercial corridors in the Boise MSA, the asset benefits from excellent visibility, strong traffic counts, and continued surrounding commercial and residential growth.
The property is currently leased through April 30, 2028, providing in-place income while offering future flexibility to reposition the asset through tenant replacement, lease restructuring, or potential redevelopment. Tenant has no options to renew.
This offering represents a rare opportunity to acquire a premier corner location with both immediate cash flow and long-term value-add potential in one of Idaho’s fastest-growing markets.
Investment highlights
Premier Hard Corner Location: Situated on a signalized intersection with exceptional visibility and strong daily traffic counts in one of Meridian’s most active commercial corridors. Potential to redevelop as tenant has no options to renew or option to raise rents to market level.
Strong Underlying Real Estate Fundamentals: The property sits on two parcels totaling approximately 0.40 acres, providing strong long term land value and future redevelopment flexibility.
Below Market Rent: Opportunity Current rents are well below market for hard corner retail properties in Boise, creating an opportunity for future rental upside. Tenant has no options to renew.
Short Term Lease Horizon: The lease expires April 30, 2028, allowing a future owner the ability to reposition the property in the near term. Tenant has no options to renew.
Value Add Investment: Opportunity Investors have the opportunity to increase rental income through re-tenanting, lease restructuring, or repositioning the property to a higher quality retail user.
Redevelopment Potential: Rare opportunity to redevelopment prime, infill hard corner in prime setting.
High Profile Retail Corridor: The property is located within a dense retail corridor surrounded by national retailers, service providers, and strong residential growth.
Strong Meridian Market Fundamentals: Meridian continues to be one of the fastest growing cities in Idaho, supported by population growth, expanding retail demand, and strong household incomes.
Owner User Opportunity: The short remaining lease term and tenant default may provide an opportunity for an owner user
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