1840 Chinden BlvdMeridian, ID 83646

Property Details for 1840 Chinden Blvd

Year built

2024

Lot size

0.97 AC

Property size (Sq ft)

2,083 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a newly constructed (2024), 2,083 square foot Guthrie's restaurant located in Meridian, Idaho, at 1840 W Chinden Blvd, 83646. Boasting a prime location just off the heavily trafficked intersection of US Route 20/26 and West Chinden Boulevard (35,070 AADT), this property benefits from its strategic placement within a rapidly growing retail corridor. The site is situated near major retailers such as Fred Meyer, WinCo Foods, Starbucks, McDonald's, Olive Garden, and Chipotle, ensuring high visibility and consistent customer traffic. The property includes a convenient drive-thru. This single-tenant, absolute NNN ground lease offers a 20-year term with rent bumps, providing long-term stability and predictable income. The property sits on a 0.97-acre lot and features a 5.25% cap rate with a current NOI of $165,000. The asking price is $3,143,000. The lease includes a personal guarantee from a developer with a net worth exceeding $70 million. The area's demographics are highly favorable, with an average annual household income exceeding $178,159 within a one-mile radius and a population of 161,629 within five miles. The property's proximity to recreational areas like Eagle Island State Park and The Club at SpurWing, along with numerous schools, further enhances its appeal. This is a 1031 exchange eligible property. The seller has signed a 100+ unit area development agreement across multiple states, indicating strong future brand equity. This is a rare opportunity to acquire a high-performing, well-located QSR property in a thriving Idaho market.

Location Insight

City

Meridian

County

Ada

State

Idaho

Latitude

43.6634

Longitude

-116.417

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