Guthrie's Ground Lease | 1840 West Chinden Boulevard
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Guthrie's Ground Lease 1840 West Chinden Boulevard
2,083 SF Retail Building Meridian, ID 83646 $3,143,000 ($1,509/SF) 5.25% Cap Rate
Investment Highlights
- New 20-year absolute NNN ground lease
- Guthrie’s opened its first restaurant in Auburn, AL in 1965 and considers itself to be “pioneers of the fried chicken finger-only restaurants”
- New high-quality 2024 construction built to latest Guthrie’s prototype
- Personal Guarantee with ~$70M net worth (stronger guarantee than many corporate tenants)
- Developer/Seller has signed a 100+ unit area development agreement in ID, NV, AZ, NM, & CO which will create further country-wide brand equity
- Site features a drive-thru for added customer convenience
Executive Summary
Just off the signalized intersection of U.S. Route 20 / U.S. Route 26 / West Chinden Boulevard and North Linder Road (combined 35,070 AADT). Adjacent to Eagle Island Marketplace (anchored by Fred Meyers), across from Orchard Park (anchored by WinCo Foods), and surrounded by major national retailers including Starbucks, McDonald’s, Olive Garden, Chipotle, and many more.
Within a 1-mile radius of the site the average annual household income is $178,159, while 161,629 residents live within 5 miles of the site.
This Guthrie’s is just down the street from The Club at SpurWing (a country club featuring an 18-hole Championship Golf Course) and Eagle Island State Park (a 545-acre park with facilities including a swimming beach, picnic area, equestrian trails, and a water slide).
Across the street from Willow Creek Elementary (567 students) and Challenger School - Meridian (405 students), and located less than three miles from Rocky Mountain High School (1,978 students), Heritage Middle School (1,041 students), and Sawtooth Middle School (923 students).
Located less than 13 miles from Boise (the capital city of Idaho with a population of 236,634) and Boise State University (home to 26,000+ students).
Within a 1-mile radius of the site the average annual household income is $178,159, while 161,629 residents live within 5 miles of the site.
This Guthrie’s is just down the street from The Club at SpurWing (a country club featuring an 18-hole Championship Golf Course) and Eagle Island State Park (a 545-acre park with facilities including a swimming beach, picnic area, equestrian trails, and a water slide).
Across the street from Willow Creek Elementary (567 students) and Challenger School - Meridian (405 students), and located less than three miles from Rocky Mountain High School (1,978 students), Heritage Middle School (1,041 students), and Sawtooth Middle School (923 students).
Located less than 13 miles from Boise (the capital city of Idaho with a population of 236,634) and Boise State University (home to 26,000+ students).
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
2,083 SF
Building Class
B
Year Built
2023
Price
$3,143,000
Price Per SF
$1,509
Cap Rate
5.25%
NOI
$165,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.97 AC
Parking
27 Spaces (12.96 Spaces per 1,000 SF Leased)
Frontage
132 FT on West Chinden Boulevard
Amenities
- Air Conditioning
Nearby Major Retailers
1 of 7
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Guthrie's Ground Lease | 1840 West Chinden Boulevard
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.