The Shops On Emerald 8047-8101 Emerald St Local commercial 3 075 m² 100 % Loué À vendre Boise, ID 83704

100% OCCUPIED NEIGHBORHOOD RETAIL CENTER - LONG TERM TENANCY
Four tenants and 62.14% of the income stream have occupied the subject property for over 10
years. David’s Bridal and Wide World of Golf have both been tenants for over 23 years. The rent
roll’s long-term commitment highlights the stability and established consumer base drawn to
the subject property.
NEAR TERM UPSIDE – BELOW MARKET RENTS WITH MINIMUM FIXED RATE OPTIONS
Six tenants including David’s Bridal, Wide World of Golf, Cookie Cutters, SFSE, Milan Laser (1 x
5-year FMV option), and Vapor Lounge will expire without options during the first five years of
new ownership and are paying below market rents.
REGION DOMINATING RETAIL DESTINATION
The subject property is adjacent to Boise Towne Square Mall which draws traffic from a massive
a 100.6 SqMi true trade area. Within a 0.5-mile radius, there is over 2.6 million SF of retail space
including national retailers like Target, Home Depot, Cabela’s, Apple, Macy’s, Dillard’s, BestBuy,
In & Out, McDonald’s and more.
HIGH-TRAFFIC CORNER WITH EXCELLENT VISIBILITY
The Shops on Emerald totals 33,097 SF and enjoys a prime position just north of the Boise
Town Square Mall—one of Idaho’s top shopping destinations. The center benefits from strong
regional traffic and solid trade-area fundamentals within the Boise MSA.
INFILL CONSUMER BASE WITH SUPPORTING DEMOGRAPHICS
The Shops on Emerald benefits from a large surrounding population of 235,421 within a 5-mile
radius. The average household income within the same radius is $101,991. The subject property
is just 3.9 miles southwest of Downtown Boise.
SUPPLY CONSTRAINED WESTERN BOISE SUBMARKET
Within a 3-mile radius, just 3.40% (388K SF) of the existing retail product (11.4M SF) has been built
within the last 15 years, creating high barriers to entry. Positive net absorption has occurred in
the Boise MSA every year since 2015, averaging 530,000 SF annually