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Idaho Fitness Factory | New 10 Year Net Lease 3171 Quintale 13,000 SF Retail Building Meridian, ID 83646 $12,214,300 CAD ($939.56 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Highly desirable Single Tenant Net Leased Investment with extremely strong corporate guaranty.
- Institutional quality credit.
- Brand new state of the art construction.
- Immensely successful business which continues to experience significant membership and sales growth.
- Idaho Fitness Factory executed a brand new 10 year term which will commence in January of 2026.
- Rare annual increases of 3% which will hedge against any inflation risk.
EXECUTIVE SUMMARY
GoldmanRyden is pleased to present the opportunity to acquire Idaho Fitness Factory, a brand-new, single-tenant net leased investment located on high traffic Ten Mile Road in Meridian, Idaho, one of the fastest-growing cities in the U.S. The property features new construction and a 10-year corporate-guaranteed lease with annual 3% increases, offering secure, long-term income. The lease is NNN, with minimal landlord responsibilities. Strategically positioned in a dense residential area and surrounded by strong national retailers, the site benefits from excellent visibility, steady consumer demand, and durable market fundamentals. With strong corporate credit backing the lease, this asset provides a low-risk, passive investment in a rapidly expanding submarket.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Building Size
13,000 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$12,214,300 CAD
Price Per SF
$939.56 CAD
Cap Rate
6%
NOI
$732,858 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.59 AC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Idaho Fitness Factory
- Services
- 13,000 SF
- -
- Triple Net
- Jan 2036
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Idaho Fitness Factory | Services | 13,000 SF | - | Triple Net | Jan 2036 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R1079920491 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,710,002 CAD |
PROPERTY TAXES
Parcel Number
R1079920491
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,710,002 CAD
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Idaho Fitness Factory | New 10 Year Net Lease | 3171 Quintale
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