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Prime Retail Space for Lease – 16th & State 1515 W State St 7,000 - 24,390 SF of Retail Space Available in Boise, ID 83702
HIGHLIGHTS
- Highly Visible Location on State Street, a major commuter arterial into Downtown Boise
- Rare Double Drive-Thru – Ideal for retail, QSR, or service users
- Minutes from the I-84 Connector, Downtown Boise, and emerging developments
- Flexible Leasing Options – Space can be demised; building split, lease rate, and terms are negotiable
- Pylon & Building Signage – Maximize brand visibility
- Across from a brand-new 110-unit residential development
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 7,000-24,390 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor
Former Rite Aid – Prime Retail Space for Lease - Located at the High-Traffic Intersection of 16th & State Street | Near Downtown Boise
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- 1 Loading Dock
- Central Air and Heating
- Private Restrooms
- Security System
- Corner Space
- High Ceilings
- Drop Ceilings
- Secure Storage
- Emergency Lighting
- Drive Thru
- Smoke Detector
- Wheelchair Accessible
- 7,000 to 24,390 SF
- Lease Rate To Be Determined - Contact Agents
- 1.79 Acre Lot - 87 Parking Stalls
- City of Boise-MX-3
- Access on 15th, 16th, Jefferson, & State Street
- Rare Double Drive-Thru & High Traffic
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 24,390 SF | Gross Leasable Area | 24,390 SF |
| Min. Divisible | 7,000 SF | Year Built/Renovated | 1962/2021 |
| Property Type | Retail | Parking Ratio | 3.57/1,000 SF |
| Property Subtype | Freestanding |
| Total Space Available | 24,390 SF |
| Min. Divisible | 7,000 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 24,390 SF |
| Year Built/Renovated | 1962/2021 |
| Parking Ratio | 3.57/1,000 SF |
ABOUT THE PROPERTY
Prime Retail Space for Lease – Former Rite Aid at 16th & State Street, Boise, ID - This high-profile retail opportunity is located at the busy intersection of 16th and State Street, just minutes from Downtown Boise. The property offers outstanding visibility, excellent access, and sits on one of the city's most traveled commuter corridors. Previously a Rite Aid, the building features a rare double drive-thru, dock-high roll-up door, additional loading ramp, and multiple access points, making it ideal for a variety of retail, restaurant, or service-based uses. Ample on-site parking, along with prominent pylon and building signage, further enhances its appeal. The space is highly flexible and can be demised to accommodate a range of tenant sizes. Lease rate, building split, and terms are all negotiable, with details available upon request. The site benefits from strong retail and restaurant synergy, surrounded by established brands such as Albertsons, Starbucks, Dutch Bros Coffee, Carl’s Jr., Verizon, Papa Murphy’s, US Bank, and Smoky Mountain Pizzeria. Directly across the street, a new 110-unit residential development is underway, adding to the already dense and affluent customer base in Boise’s North End. There is a strong current year population of 178,561 in the identified area. The current household count in the area is 79,593. The five-year projected increase in households is 85,420, which will depend largely upon vertical in-fill construction. The property is strategically positioned between the North End and West End neighborhoods and is just minutes from the Interstate 84 Connector, enhancing regional accessibility. The area is experiencing rapid growth, with numerous new developments nearby—details of which can be explored through the Boise Dev Project Tracker website. This is a rare opportunity to secure space in a prime Boise location with high traffic, exceptional visibility, and flexible leasing options. Contact the listing agents today for more information, tours, or to discuss custom leasing solutions.
- Pylon Sign
- Signalized Intersection
- Waterfront
- Drive Thru
NEARBY MAJOR RETAILERS
CONTACTS
-
Andrea Nilson -
LeAnn Hume CCIM, CLS, CRRP -
Julie Kissler -
Summit Commercial Real Estate Group
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Prime Retail Space for Lease – 16th & State | 1515 W State St
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