Grocery Outlet Net-Lease
For Sale
Contact for pricing
1350 E Deer Flat Rd, Kuna, ID 83634
Single-tenant, net-lease Grocery Outlet in Kuna, Idaho.
Property Size16,000 SF
Lot Size2.19 Acres
Price / SF$407.61
Days on Market138
Property Features for 1350 E Deer Flat Rd
General Information
Standard status
Active
Size
16,000 SF
Total Parking Spaces
58
Lot size
2.19 Acres
Property subtype
Retail
Zoning
City of Kuna C-2
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$375,000
Building Details
Year Built
2025
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Summit Commercial Real Estate Group
(208) 975-4447
Listed By:
Andrea Nilson · License #ID
Source:
Crexi
Added: Mar 27
Changed: Aug 9
Last Checked: Aug 9 at 1:34PM
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 Summit Commercial Real Estate Group
Investment Insights
Based on property information with market context.
This is an investment offering for a single-tenant, net-lease retail property occupied by Grocery Outlet in Kuna, Idaho. The property features a corporate-guaranteed NNN lease with a primary term of 15 years and four 5-year renewal options. The building size is 16,000 square feet and is situated on a 2.19-acre lot. Parking is provided by 58 stalls with cross-parking. The zoning is C2. The property is new construction, built in 2025-2026, and is scheduled to open in May 2026. The landlord is responsible for the roof, structure, foundation, and utility lines outside the premises. The property has a net operating income (NOI) of $375,000 and is offered at a price of $6,521,739, reflecting a cap rate of 5.75%.
Key Highlights
- Corporate Guaranteed NNN Lease with Grocery Outlet
- 15‑Year Primary Lease Term with Renewal Options
- New Construction - Opening May 2026
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$220,032
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,400,640
$4.4M
Cap Rate 7%
$3,143,314
$3.1M
Cap Rate 9%
$2,444,800
$2.4M
Market Conditions
NOI Build-Up for 16,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$307.2K $19.20/SF
− Vacancy
−$13.8K −$0.86/SF
EGI
$293.4K $18.34/SF
− OpEx
−$73.3K −$4.58/SF
NOI
$220.0K $13.75/SF
Area
Ada County, ID
Vacancy
4.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,400,640
Cap Rate 7%
$3,143,314
Cap Rate 9%
$2,444,800
Alternative Uses
Best Use
Specialty Retail
$3.14M
$2.75M – $3.67M
NOI $220,032 @ 7.0% cap · market cap 3.37%
Second Best
Retail
$2.90M
$2.53M – $3.38M
NOI $202,796 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$4.42M
$3.87M – $5.16M
NOI $309,312 @ 7.0% cap · market cap 4.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
193k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Shops & Services 26%
Home Improvements & Furnishings 20%
Groceries 13%
Ridley's Family Market
Groceries
25,877 visits/mo
0.2 miles
McDonald's
Dining
23,085 visits/mo
0.2 miles
D&B Supply
Home Improvements & Furnishings
21,140 visits/mo
0.1 miles
Dollar Tree
Shops & Services
14,746 visits/mo
0.4 miles
Taco Bell
Dining
12,409 visits/mo
0.4 miles
Demographics for 83634, ID
33,379
Population
10,480
Households
3.2
Avg Household Size
34
Median Age
25%
College-Educated
91%
High-School Grad
156.1 sq mi
ZIP Area
214
Density / Sq Mi
$93,084
Median Household Income
$41,875
Median Earnings
$1,557
Median Rent
$414,900
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Single-tenant, net-lease Grocery Outlet in Kuna, Idaho.
Where is this grocery and convenience store located?
The property is located at 1350 E Deer Flat Rd Kuna, ID.
What is the asking price?
The asking price for this property is $6,521,739.
What are key features of this property?
This property features: Corporate Guaranteed NNN Lease with Grocery Outlet; 15‑Year Primary Lease Term with Renewal Options; New Construction - Opening May 2026
