Hillcrest Shopping Center
Boise, ID Central Bench

Price Upon Request

General Retail For Sale • 186,901 SF

3 Properties View all

Property Details

Property Type General Retail

30 Transit Score

60 Walk Score

                
                    Highlights
                
                                MARKET DOMINANT GROCER WITH SIGNIFICANTLY BELOW-MARKET RENT – Albertsons holds the Boise MSA's highest market share.
                            
                                LONG TERM HISTORICAL TENANCY – The in-place tenant roster has occupied space at Hillcrest for an average of nearly 12 years.  
                            
                                DIVERSIFIED, CREDIT-ANCHORED TENANT MIX – Approximately 57% of occupied space is leased to national/regional credit tenants including Albertsons
                            
                                EMBEDDED NOI GROWTH – Projected 10-year NOI CAGR of 3.63%, driven by contractual rent steps, mark to market of expiring leases, and lease-up
                            
                                ADJACENT TO HILLCREST COUNTRY CLUB – The Treasure Valley's most exclusive country club borders the Property, reinforcing the surrounding neighborhood
                            
                                STRONG, IN-FILL DEMOGRAPHICS – 5-mile radius: ±226,000 population, $110,000 average HH income, and ±125,000 employees.