Everest Surgical Center

Everest Surgical Institute is strategically located in Meridian’s established medical district, less than a quarter mile from St. Luke’s Meridian Medical Center. Surrounded by medical offices, surgical centers, and complementary healthcare services, the property offers convenient access for physicians and patients. Its proximity to Eagle Road and Interstate 84 provides excellent connectivity throughout the Boise metropolitan area and greater Treasure ValleyEverest Surgical Institute is a 100% leased, single-tenant ambulatory surgery center and medical office building in Meridian, Idaho, offered at $12,950,000 ($685/SF). The property is leased to Everest Surgical Institute, LLC under a new 10-year absolute NNN lease running January 1, 2027 through December 31, 2036. The tenant is responsible for all taxes, insurance, maintenance, repairs, and capital replacements, including roof, structure, HVAC, and parking, leaving the landlord with no obligations. Base rent starts at $818,400 annually, representing a 6.3% Year 1 cap rate, with 2% annual increases to $978,064 in Year 10. The tenant has two five-year renewal options at the greater of fair market value or 102% of prior rent, with no purchase option or right of first refusal.