Rite Aid · Boise, ID | InvestmentGrade.com

Rite Aid

5005 Overland Rd · Boise, ID 83705 · Pharmacy

Asking price

$3,500,000

Cap rate

—

NOI (derived)

—

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Lease

Lease type—

Term remaining—

Expiration—

Rent bumps—

Options—

Ground leaseNo

Credit profile—

TenancySingle

Planning a 1031 Exchange

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Property

Building SF14,457

Price / SF$242

Year built1998

Lot size1.79 ac

TypeGrocery Store, Pharmacy/Drug, Shopping Center

Days on market793

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

Former Rite Aid offered for sale or lease - prime redevelopment opportunity with strong retail synergy, surrounded by several local, regional, and national tenants and professional service providers - strong demographic profile.
Low-maintenance construction & built in 1998, property amenities include high traffic counts, unobstructed visibility, 2 pylon signs, multiple building signage areas, on-site parking, multiple curb-cuts and access points, drive-through, shipping receiving area with over-head roll-up door, large sales floor area, managers office, restrooms, offering can include freezer-coolers and other equipment, contact agents for details.
Located at the busy signalized intersection of Overland Road and Orchard Street - two major thoroughfares servicing the Treasure Valley.
East of the “Flying Y”, and major retail developments including the Century Landmark Shopping Center, Costco, the Boise Spectrum, & the Overland Park Shopping Center, adjacent to the Hillcrest Shopping Center & Golf Course.
Sale Price $3,500,000 Firm - Contact agents to discuss negotiable lease rate, terms, potential uses, and schedule a walk-through today!

Google Map

Strong Demographic Profile

Community Summary Demographics Report

5, 10 & 15 Minute Drive Time Demos

Drone Footage

East of The “Flying Y”, and Major Retail Developments

Boise Valley Regional Overview

Property overview

BUILDING SIZE: 14,457 SF

LOT SIZE: 1.79 Acres

FIRM SALE PRICE: $3,500,000

LEASE RATE & TERMS: Negotiable - Contact Agents

T.I. ALLOWANCE: Negotiable

FORMER TENANT: Rite Aid With Drive-Through, 2 Pylons And Building Signage Spaces

PARKING: 53 On-Site Parking Stalls - 3.66 / 1,000 SF

PARCEL NUMBER: R1580340040

ZONING: City-of-Boise MX-3

LOCKBOX: No, Contact Agents to Schedule Tours

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Asking-market observation aggregated from public listing sources, last observed Sep 18, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.