3250 Towerbridge Way Meridian, ID 83646-8347

Property Details for 3250 Towerbridge Way

Year built

2002

Lot size

0.86 lot acres

Property size

3,805 SF

Zone code

R-4

Property type

Commercial real estate

APN

R7192520060

APU

R7192520060

Description

This exceptional investment opportunity presents a 3,805 square foot, Class B medical office building in Meridian, Idaho. The single-tenant property, currently 100% occupied by a long-standing dental practice, boasts a new 10-year NNN lease with two 5-year renewal options, each including a 3% annual rent increase. Built in 2002, the two-story building sits on a 0.861-acre lot and features a stucco exterior with attractive landscaping. The property enjoys a prime location in the rapidly growing North Meridian submarket, near major retail and service centers including Winco, Costco, and Eagle Island Marketplace. The surrounding area is densely populated, with approximately 31,500 households within a 3-mile radius and high average household incomes of approximately $133,000. An additional 0.35 acres provides potential for future expansion, currently leased for additional parking revenue. The asking price is $1,675,000, representing a 6.13% cap rate and a strong NOI of $102,720. This sale includes a leaseback agreement ensuring continued occupancy and income. This is a rare opportunity to acquire a stable, long-term investment with a secure tenant in a high-growth area.