For Sale
$2,800,000

6259 Linder Rd Meridian, ID 83646

High-performing Dollar Tree; strong lease.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a fee-simple, 10,000 square foot Dollar Tree located at 6259 N Linder Rd, Meridian, ID 83646. Built in 2017, this Class A retail property sits on a 51,716 square foot lot and boasts a corporate guaranteed NNN lease with Dollar Tree Stores, Inc. The current lease, with an annual rent of $140,000, extends to June 2027, and includes three five-year renewal options. The property features a 5.00% cap rate and a $2,800,000 asking price, translating to $280 per square foot. The single-story building is 100% occupied since August 8, 2017, and benefits from rent bumps. The property is zoned C-G and offers cross access and a shared pylon sign. This is a rare opportunity to acquire a stable, high-performing investment with a strong national tenant and significant remaining lease term. The property's location in Meridian, Ada County, Idaho, provides excellent visibility and access. The property's strong financials and long-term lease make it an attractive investment for discerning buyers. The APN is R4995340100.

Highlights

  • Corporate guaranteed net lease with Dollar Tree Stores, Inc.
  • 10,000 square foot building on a 51,716 square foot lot in Meridian, Idaho.
  • $2,800,000 asking price, representing a 5.00% cap rate.
  • Built in 2017, with a remaining lease term of 4 years and three 5-year renewal options.
  • 100% occupancy, generating $140,000 in annual net operating income (NOI).

Property Details for 6259 Linder Rd

Property type
Retail properties, Retail space
Square Feet
10,000 SF
Class
A
Year Built/Renovated
2017/2017
Buildings
1
Stories
1
Units
1

Location Insight

City
Meridian
County
Ada
State
Idaho
Latitude
43.662036418487
Longitude
-116.41626537762

FAQs

What type of property is this?
Retail property - High-performing Dollar Tree; strong lease.
Where is the retail property located?
The property is located at 6259 Linder Rd Meridian, ID.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Corporate guaranteed net lease with Dollar Tree Stores, Inc.; 10,000 square foot building on a 51,716 square foot lot in Meridian, Idaho.; $2,800,000 asking price, representing a 5.00% cap rate.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
6259 Linder Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message