Retail

Black Rock Coffee

Meridian, ID

Asking Price

$2,500,000

Cap Rate

5.00%

Year Built

2023

Lease

Absolute NNN

Avg HHI

$155,000

Square Feet

1,887 SF

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Location

Highly Exposed

INVESTMENT HIGHLIGHTS

Corporate-backed Absolute NNN lease with zero Landlord responsibilities.
10% scheduled rent increases every 10 years increases yield an estimated 110 basis points.
Brand new build-to-suit construction equipped with a drive-thru.

Highly exposed location along Eagle Rd., just south of Victory Road and the I-84 on and off ramps.
Strong regional brand based in Portland, Oregon and growing steadily across the western U.S. with plans to expand across the U.S.
Meridian is ranked as one of the fastest-growing cities in the state with continued growth.