Boise Towne Square

North East of the Franklin Rd and Milwaukee St IntersectionNAI Select is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in Boise Towne Square Shops, a 100% occupied PetSmart anchored retail center investment property located in Boise, Idaho. The pad features a strong, diversified tenant lineup of PetSmart, Stormy Vape, Best Massage, White Angel Nails & Spa, 360 Wireless, and Body Language. PetSmart anchors the center, occupies 70% of the GLA, and constitutes for 60% of the base rental revenue. Additionally, PetSmart features expanded service that include Banfield Pat Hospital, boarding & daycare, expert dog training, and grooming. All the tenants operate under leases which are NNN in nature, limiting expense leakage for a future investor. The subject property is strategically located at the signalized, hard corner intersection of N. Milwaukee Street and Franklin Road, averaging a combined 66,500 vehicles passing by daily. The site benefits from nearby direct on/off ramp access to Interstate I-84 (142,000 VPD), a major commuter thoroughfare serving the Boise metropolitan area. The asset is ideally situated as an outparcel to Boise Towne Square, a 1,200,000 + SF shopping center anchored by Macy's, Dillard's, and Kohl's. Other major national/credits tenants within the area include Target, Walmart Supercenter, Lowe's, Costco, and many more. The site sits across a brand new highly trafficked In-N-Out, the second store opened in Idaho. Strong tenant synergy significantly increases consumer draw to the immediate trade area and promotes crossover store exposure to the site.