1491 S Eagle Rd
Meridian, ID 83642
Retail Property For Sale

This offering is a 100% leased, absolute NNN Valvoline Instant Oil Change property located at 1491 S Eagle Rd in Meridian, Idaho, offered at $2,400,000 with $132,000 NOI at a 5.50% cap rate. The asset consists of a 3,317 SF freestanding building constructed in 2019 on 0.47 acres and is leased to Valvoline Inc. (NYSE: VVV), a publicly traded automotive service operator with more than 1,800 locations nationwide and a 150+ year operating history. The absolute NNN lease structure provides passive ownership with no landlord responsibilities and includes scheduled rental increases and multiple extension options. Strategically positioned along the high-traffic Eagle Road corridor (36,000+ VPD), the property benefits from strong retail visibility, solid surrounding demographics, and flexible C-G zoning, Meridian’s most accommodating commercial designation. Supported by Boise MSA’s continued population growth and a healthy retail market environment, the asset represents a stabilized, credit-backed net lease investment in one of Idaho’s most desirable and growth-oriented markets.