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33644939
33644940

1828 S Millennium Way, Meridian, ID 83642

BZ
DB34601
Rocky Mountain Companies
Rocky Mountain Companies
Listed by Rocky Mountain Companies
$4,288,767
15 days on market
Updated 15 days ago

Millennium Medical Office

Details
APN R5652530020, R5652530030, R5652530040, R5652530050, R5652530010
Property Type Office
Sub Type Medical Office
Square Footage 12,755
Net Rentable (SqFt) 12,775
Cap Rate 6.00%
NOI $257,326
Occupancy 100%
Tenancy Multi
Lease Type NNN
Lease Term 10
Lease Expiration 06/30/2036
Remaining Term 10
Rent Bumps Yes
Lease Options 2x 5 Years
Class A
Year Built 2007
Buildings 1
Acreage 1.260
Zoning L-O
Investment Type Net Lease
Lease Commencement 06/05/2026
Sale Condition Sale for leaseback

NNN Medical Office | New Leases | 12,755 SqFt

Marketing description

1828 S. Millennium Way is a NNN medical office investment property located in Meridian, Idaho. The property features newly executed long-term NNN leases providing predictable cash flow and limited landlord responsibilities. The building is anchored by Mountain View Surgery Center, featuring multiple established physicians and specialists with reserved operating blocks, and Summit Family Health, a long-standing and respected high volume family practice with decades of operating history. Located just off Overland Road which is a heavily traveled corridor with strong daily traffic counts and connectivity to Eagle Road and Interstate 84, the property is situated in one of Idaho's fastest-growing markets. Meridian continues to rank among the fastest-growing cities in Idaho driven by population growth, employment expansion, and sustained development.

Investment highlights

  • Stable, passive investment with newly executed long-term NNN leases providing predictable cash flow and limited landlord responsibilities.
  • Anchored by Mountain View Surgery Center, featuring multiple established physicians and specialists with reserved operating blocks, and Summit Family Health, a long-standing and respected high volume family practice with decades of operating history.
  • Meridian continues to rank among the fastest-growing cities in Idaho driven by population growth, employment expansion, and sustained development. Located just off Overland Road which is a heavily traveled corridor with strong daily traffic counts and connectivity to Eagle Road and Interstate 84.
  • Landlord is responsible for roof and structure.

Listing Contacts

BZ
DB34601
Rocky Mountain Companies
Rocky Mountain Companies
Listed by Rocky Mountain Companies

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$257,326.00
$21,443.83/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

Map

Zoning

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L-O CommercialOfficeLimited Office
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Last updated May 9, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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