1840 West Chinden Boulevard - Restaurant FOR SALE


Meridian, ID 83646
$3,143,000 USD
916-403-1812
1840 West Chinden Boulevard, Meridian, ID for Sale
$3,143,000 USD
Restaurant - FOR SALE
1/6
null | 5.25% Cap Rate

1840 West Chinden Boulevard
Meridian, ID 83646


HIGHLIGHTS

  • New 20-year absolute NNN ground lease
  • Personal Guarantee with ~$70M net worth (stronger guarantee than many corporate tenants)
  • Guthrie’s opened its first restaurant in Auburn, AL in 1965 and considers itself to be “pioneers of the fried chicken finger-only restaurants”
  • Developer/Seller has signed a 100+ unit area development agreement in ID, NV, AZ, NM, & CO which will create further country-wide brand equity
  • New high-quality 2024 construction built to latest Guthrie’s prototype
  • Site features a drive-thru for added customer convenience

OVERVIEW

Just off the signalized intersection of U.S. Route 20 / U.S. Route 26 / West Chinden Boulevard and North Linder Road (combined 35,070 AADT). Adjacent to Eagle Island Marketplace (anchored by Fred Meyers), across from Orchard Park (anchored by WinCo Foods), and surrounded by major national retailers including Starbucks, McDonald’s, Olive Garden, Chipotle, and many more. Within a 1-mile radius of the site the average annual household income is $178,159, while 161,629 residents live within 5 miles of the site. This Guthrie’s is just down the street from The Club at SpurWing (a country club featuring an 18-hole Championship Golf Course) and Eagle Island State Park (a 545-acre park with facilities including a swimming beach, picnic area, equestrian trails, and a water slide). Across the street from Willow Creek Elementary (567 students) and Challenger School - Meridian (405 students), and located less than three miles from Rocky Mountain High School (1,978 students), Heritage Middle School (1,041 students), and Sawtooth Middle School (923 students). Located less than 13 miles from Boise (the capital city of Idaho with a population of 236,634) and Boise State University (home to 26,000+ students).

FOR SALE DETAILS

PRICE

$3,143,000 USD

PRICE/SF

$1,509 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Guthrie's Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,418 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

McKenney HouckCushman & WakefieldMore Info
916-403-1812

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McKenney HouckCushman & WakefieldMore Info
916-403-1812

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.