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4744 N Park Crossing Ave

10,795 SF 88% Leased Retail Building Meridian, ID 83646 $4,300,000 ($398/SF) 5.40% Cap Rate

Mixed Use Properties Idaho Meridian 4744 N Park Crossing Ave, Meridian, ID 83646

Investment Highlights

  • 2019 & 2022 Construction
  • Service based retail tenants
  • Multiple points of access on both McMillan & Locust Grove
  • Hard corner location

Executive Summary

Lee & Associates is pleased to present this multi-tenant retail building and stand alone coffee drive-thru for sale. Positioned on the hard corner of McMillan and Locust Grove in the booming Northwest Meridian submarket with traffic counts of 26,000 vehicles per day. Under market rents will allow for future upside upon lease renewal along with annual escalations. Triple net leases allow for minimal landlord responsibility. Retail building was built in 2019 and coffee QSR was built in 2022. Extremely well maintained property with mix of service based retail tenants.

Attachments

4744 Park Crossing Brochure without financials

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,795 SF
Year Built
2019
Price
$4,300,000
Price Per SF
$398
Cap Rate
5.40%
NOI
$232,200
Percent Leased
88%
Tenancy
Multiple
Building Height
1 Story
Zoning
C-N

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 110
  • 1,338 SF
  • Retail
  • -
  • Now
Space Size Space Use Position Available
110 1,338 SF Retail - Now

110

Size
1,338 SF
Space Use
Retail
Position
-
Available
Now

Links

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PROPERTY TAXES

Parcel Number R1740510280 Improvements Assessment $0
Land Assessment $0 Total Assessment $3,287,600

PROPERTY TAXES

Parcel Number
R1740510280
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,287,600
(208) 340-9780

  • Listing ID: 33450998

  • Date on Market: 10/8/2024

  • Last Updated:

  • Address: 4744 N Park Crossing Ave, Meridian, ID 83646

More public record information on 4744 N Park Crossing Ave, Meridian, ID 83646

The Retail Property at 4744 N Park Crossing Ave, Meridian, ID 83646 is currently available For Sale. Contact Lee & Associates Idaho LLC for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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4744 N Park Crossing Ave, Meridian, ID for sale Building Photo- Image 1 of 11
4744 Park Crossing Brochure Photos
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4744 N Park Crossing Ave
(208) 340-9780 x

4744 N Park Crossing Ave

1/2

Matt Mahoney

(208) 340-9780

(208) 340-9780

Austin Hopkins

(208) 343-2300

(208) 343-2300

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