Retail Property in Westpark
For Sale
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101 North Milwaukee Street, Boise, ID 83704
Two-tenant, NNN leased retail property in Boise, Idaho.
Property Size20,643 SF
Price / SF$217.99
Days on Market195
Property Features for 101 North Milwaukee Street
General Information
Standard status
Active
Size
20,643 SF
Class
A
Total Parking Spaces
92
Property subtype
Retail
Lease Type
NNN
Investment Type
Owner/User
Building Details
Year Built
1994
Listing Agency:
NAI Select
Listed By:
Travis Dunn · License #ID SP52954
(208) 781-9524
Source:
Crexi
Added: Apr 11
Changed: Oct 16
Last Checked: Oct 20 at 9:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Select
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Westpark Towne Plaza Shops is a 100% occupied retail property in Boise, Idaho, featuring Big 5 and Staging Ladies as tenants. Big 5 renewed their lease in 2021 and has 5 years remaining, demonstrating commitment to the location. Both tenants operate under NNN leases. The property is located near the intersection of N. Milwaukee Street and W. Franklin Road, with a combined average of 66,500 vehicles passing by daily. It benefits from direct on/off ramp access to Interstate 184, a major commuter route serving the Boise metropolitan area with 142,000 vehicles per day. The asset is an anchor to Westpark Towne Plaza, a 330,000 SF shopping center that includes Petco and Dick’s Sporting Goods. Other major national tenants in the retail corridor include Target, Walmart Supercenter, Costco, The Home Depot, Cabela’s, T.J. Maxx, and Best Buy. The property is near multiple housing communities including Tullride Apartments (107 units, under construction), The Seasons Boise (120 units), and the Lodge at Maple Grove (154 units). The 5-mile trade area has more than 261,500 residents and 191,100 employees with an average household income of $83,436.
Key Highlights
- 100% occupied, two‑tenant retail property with NNN leases.
- Anchored by Big 5 (NASDAQ:BGFV) with renewed lease.
- Strategic location near the signalized intersection of N. Milwaukee Street and W. Franklin Road (66,500 VPD).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$261,645
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,232,900
$5.2M
Cap Rate 7%
$3,737,786
$3.7M
Cap Rate 9%
$2,907,167
$2.9M
Market Conditions
NOI Build-Up for 20,643 SF
Gross rent
$391.4K $18.96/SF
− Vacancy
−$17.6K −$0.85/SF
EGI
$373.8K $18.11/SF
− OpEx
−$112.1K −$5.43/SF
NOI
$261.6K $12.67/SF
Area
Ada County, ID
Vacancy
4.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,232,900
Cap Rate 7%
$3,737,786
Cap Rate 9%
$2,907,167
Alternative Uses
Best Use
Retail
$3.74M
$3.27M – $4.36M
NOI $261,645 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.70M
$4.99M – $6.65M
NOI $399,070 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,620
Businesses Nearby
1.1M
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 36%
Apparel 29%
Shops & Services 15%
Superstores 12%
Target
Superstores
126,759 visits/mo
0.3 miles
In-N-Out Burger
Dining
75,870 visits/mo
0.2 miles
Cabela's
Apparel
72,162 visits/mo
0.2 miles
Chick-fil-A
Dining
61,216 visits/mo
0.1 miles
Dillard's
Apparel
52,264 visits/mo
0.3 miles
Demographics for 83704, ID
42,430
Population
17,776
Households
2.4
Avg Household Size
37
Median Age
32%
College-Educated
92%
High-School Grad
8.8 sq mi
ZIP Area
4,822
Density / Sq Mi
$70,806
Median Household Income
$37,201
Median Earnings
$1,363
Median Rent
$354,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Boise, ID
Similar Off Market Nearby
- Franklin Towne Plaza — 8363 Franklin Rd, Boise, ID 83709
- Sunglass Outfitters by Sunglass Hut — 8109 W Franklin Rd, Boise, ID 83709
- Boise Towne Square — 350 N Milwaukee St, Boise, ID 83704
- Westpark Plaza — 301 N Milwaukee St, Boise, ID 83704
- Sunglass Hut — 350 N Milwaukee St #2154, Boise, ID 83704
Frequently Asked Questions
What type of property is this?
Shopping center - Two-tenant, NNN leased retail property in Boise, Idaho.
Where is this shopping center located?
The property is located at 101 North Milwaukee Street Boise, ID.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 100% occupied, two‑tenant retail property with NNN leases.; Anchored by Big 5 (NASDAQ:BGFV) with renewed lease.; Strategic location near the signalized intersection of N. Milwaukee Street and W. Franklin Road (66,500 VPD).
