1480 W Chinden Blvd Active Save Request In-Person Tour Request Virtual Tour
Meridian,ID 83642
Key Details
Property Type Single Family Home, Vacant Land
Sub Type Comm'l Bldg w/Land
Listing Status Active
Purchase Type For Sale
Square Footage 2,200 sqft
Price per Sqft $1,126
MLS Listing ID 25-2376
Style Restaurant
Year Built 2020
Annual Tax Amount $7,556
Tax Year 2024
Lot Size 0.840 Acres
Property Sub-Type Comm'l Bldg w/Land
Property Description
Corporate Starbucks in Meridan, ID. Located within Eagle Island Marketplace, an outparcel to one of the top 3 visited Fred Meyer grocery stores in the state of Idaho. Well positioned for continued sales growth. Nearby retailers include McDonalds, Winco, Taco Bell, O'Reilly and Chase Bank. Starbucks executed a 10 year corporate lease and opened this new construction store in early 2020 right in the middle of Covid. Due to the strength of this tenant, and the fact that this property lies within a leading anchored shopping center, there was no doubt the store would be a success. There are approximately 5 years remaining on the original NNN lease term with four 5-year options to extend. The lease does not contain an 'early termination' clause. The rent increases 10% every 5 years. Starbucks store is tastefully designed, has an efficient drive through, with over 160 feet of frontage along highly traveled W Chinden Blvd.
Location
State ID
County Ada
Area 15 - South
Zoning C-D-3A
Interior
Heating Electric,Natural Gas,Forced Air,Furnace
Equipment None
Exterior
View Territorial
Roof Type Tar/Gravel
Building
Lot Description Level,Open Lot,Southern Exposure
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction No