Listed by Lee & Associates - Boise
$6,499,999
Downtown Caldwell Multi-Tenant Investment Opportunity
Details
APN R0475501000, R0475500000
Property Type Retail, Office
Sub Type Storefront, Traditional Office
Square Footage 62,250
Units 17
Cap Rate 6.00%
Tenancy Multi
Buildings 2
Acreage 1.760
Zoning C-3
Investment Type Stabilized
Ground Lease No
62,250 SF | Investment Opportunity Including National NNN Tenant | For Sale | Nampa, ID
Marketing description
Lee & Associates is pleased to present a rare opportunity to acquire a high-profile multi-tenant portfolio totaling 62,250 SF on ±1.76 acres in Downtown Caldwell. The offering combines stable cash flow with long-term redevelopment potential.
The asset features a strong mix of credit-backed income, including a national NNN tenant and recession-resistant medical tenancy at 524 Cleveland Blvd, providing durable, essential-service revenue.
Beyond in-place income, the nearly 1.8-acre downtown footprint offers significant upside, creating a prime opportunity for future redevelopment in one of the Treasure Valley's most active submarkets.
Investment highlights
- 502 Cleveland Blvd (7,150 SF) fully leased to O'Reilly Auto Parts on a long-term NNN lease, delivering passive, corporate-backed income.
- 524 Cleveland Blvd (55,100 SF) fully occupied by a mix of medical, professional, and local tenants, including Terry Reilly Health Services and the Western Idaho Community Crisis Center.
- Strong visibility on Cleveland Blvd (8,915+ VPD) with quick access to I-84 (1.9 miles).
- ±1.76-acre assemblage offers rare control of a large downtown footprint, ideal for future mixed-use development.
- 524 Cleveland includes medical build-outs, freight elevator with dock-high loading, and a fully sprinklered lower level.
Listing Contacts
Listed by Lee & Associates - Boise
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Zoning
C-B CommercialCore CommercialCentral Business District
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View all 183 uses Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics
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