Shops on the Grove 1500 N Locust Grove Rd 8,181 SF 100% Leased Retail Building Meridian, ID 83642 $3,372,720 CAD ($412.26 CAD/SF) 5.96% Cap Rate

Lee & Associates is pleased to present a premier retail investment opportunity in one of the Treasure Valley’s most visible and heavily trafficked commercial corridors. Located at the signalized intersection of Locust Grove Road and Fairview Avenue, the property offers excellent visibility, easy access, and strong daily traffic counts. The center is anchored by a strong retail environment, adjacent to D&B Supply and directly across from Fred Meyer, generating consistent customer traffic and supporting tenant success. A diverse tenant mix, stable occupancy history, and proven leasing performance provide a reliable income stream and long-term investment stability.
Just one mile from Eagle Road and The Village at Meridian, the property is surrounded by established neighborhoods, growing residential communities, and a thriving commercial base. Its prime location, strong market fundamentals, and proven operating history make this an attractive opportunity for investors seeking a well-positioned retail asset.