Grocery Outlet NNN Property For Sale — Caldwell, ID
4907 Cleveland Blvd, Caldwell, ID 83704
This Grocery Outlet location is a top-performing asset within the rapidly expanding Boise metropolitan area, ranking as the second strongest Grocery Outlet in the Boise MSA and among the top five statewide. The tenant recently demonstrated its commitment to the location by exercising its first renewal option, extending the lease through June 2030. With current rents below market rates, this property offers stable tenancy and significant long-term upside potential. The lease is corporately guaranteed by Grocery Outlet Inc. (NASDAQ: GO), a strong national retailer with revenues exceeding $4.37 billion in 2024. Constructed in 2015, the property is a build-to-suit location featuring modern construction tailored to the tenant's operational needs. The NNN lease structure requires minimal landlo…
- Address: 4907 Cleveland Blvd, Caldwell, ID 83704
- Asking price $4.15M
- 6.25% cap rate
- NOI $259,375
- 3.9 years remaining
- NNN lease
Asset type: Retail