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Boise, ID - Boise Towne Square Shops

$17,041,000

130 N. Milwaukee Street, Boise, ID 83704

Active
Last Updated: 03/29/2025

6

Cap Rate

1,022,474

NOI

Details:
Cap Rate:    6%
NOI:    $1,022,474
Building Size:    40,765 sqft
Lot Area:    1.96 acres
Description:

SRS Capital Markets, in collaboration with NAI Select, is pleased
to offer the opportunity to acquire the fee simple interest (land & building ownership) in Boise Towne Square Shops, a 100% occupied, PetSmart anchored retail center investment property located in Boise, Idaho.

The subject property is strategically located at the signalized, hard corner intersection of N. Milwaukee Street and Franklin Road, averaging a combined 66,500 vehicles passing by daily. The site benefits from nearby direct on/off ramp access to Interstate 184 (142,000 VPD), a major commuter thoroughfare serving the Boise metropolitan area.

The asset is ideally situated as an outparcel to Boise Towne Square, a 1,200,000+ SF shopping center anchored by Macy’s, Dillard’s, and Kohl’s. Other major national/credits tenants within the area include Target, Walmart Supercenter, Lowe’s, Costco, and many more. The site sits across a brand new highly trafficked In-N-Out, the second store opened in Idaho. Strong tenant synergy significantly increases consumer draw to the immediate trade area and promotes crossover store exposure to the site.

Map:
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