502 & 524 Cleveland Blvd, Caldwell, ID for sale

Investment Overview

Lee & Associates is pleased to present a rare opportunity to acquire a high-profile multi-tenant portfolio totaling 62,250 SF on ±1.76 acres in Downtown Caldwell. The offering combines stable cash flow with long-term redevelopment potential. The asset features a strong mix of credit-backed income, including a national NNN tenant and recession-resistant medical tenancy at 524 Cleveland Blvd, providing durable, essential-service revenue. Beyond in-place income, the nearly 1.8-acre downtown footprint offers significant upside, creating a prime opportunity for future redevelopment in one of the Treasure Valley’s most active submarkets.

Investment Highlights

• 502 Cleveland Blvd (7,150 SF) fully leased to O’Reilly Auto Parts on a long-term NNN lease, delivering passive, corporate-backed income.
• 524 Cleveland Blvd (55,100 SF) fully occupied by a mix of medical, professional, and local tenants, including Terry Reilly Health Services and the Western Idaho Community Crisis Center.
• Strong visibility on Cleveland Blvd (8,915+ VPD) wit h quick access to I-84 (1.9 miles).
• ±1.76-acre assemblage offers rare control of a large downtown footprint, ideal for future mixed-use development.
• 524 Cleveland includes medical build-outs, freight elevator with dock-high loading, and a fully sprinklered lower level.