For Sale
$3,428,571

163 Atlantic StTwin Falls, ID 83301

7% Cap Rate, NNN Lease, Idaho

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a fee-simple ownership of a 20,000 square foot industrial property located at 163 Atlantic St, Twin Falls, ID 83301. The property consists of four buildings situated on a 3.64-acre lot and features eight grade-level roll-up doors, providing ample space for manufacturing and warehousing operations. Currently 100% occupied by a single tenant under an absolute NNN lease with a remaining term of five years, plus four five-year renewal options, this sale-leaseback offers a passive income stream with minimal landlord responsibilities. The lease includes a favorable 3% annual rent increase, ensuring consistent growth in net operating income (NOI). The current NOI is $240,000, yielding an attractive 7% capitalization rate. The asking price is $3,428,571, translating to $171.43 per square foot. This prime location within Twin Falls' thriving industrial corridor benefits from easy access to major transportation routes and is surrounded by significant industrial investments, including nearby facilities from Clif Bar, Chobani, and Glanbia Foods. The property's strong tenant, Van Beek Nutrition, and the robust economic growth of Twin Falls, Idaho, make this a compelling investment opportunity for discerning buyers seeking a stable, long-term return.

Highlights

  • 3% annual rent increases.
  • Strong market growth in Idaho, exceeding other states.
  • Prime Twin Falls industrial location.
  • Twin Falls experienced 17% population growth (2010-2020), fueled by agriculture, food processing, and tourism.
  • Proximity to a new $250 million Clif Bar facility.
  • Adjacent to a $500 million Chobani plant.

Property Details for 163 Atlantic St

Property type
Warehouses, Industrial properties
Square Feet
20,000 SF
Buildings
4
Lot Size (sq. ft)
158,558 SF

Location Insight

City
Twin Falls
County
Twin Falls
State
Idaho
Latitude
42.5486125
Longitude
-114.4824717
163 Atlantic St, Twin Falls, Idaho

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163 Atlantic St
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