For Sale
$1,958,762

180 City Vw DrMountain Home, ID 83647

1.27-acre NNN ground lease; strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a 1.27-acre commercial land parcel in Mountain Home, Idaho (APN: RPA01060020020A), currently leased to a newly constructed Tidal Wave Auto Spa under a 20-year triple-net (NNN) ground lease. The lease commenced February 9th, 2023, and includes three to five-year renewal options. The property boasts a 4.85% pro-forma cap rate and a $95,000 annual net operating income (NOI). Rent increases by 10% every five years, ensuring consistent income growth. The 3,500 square foot building was constructed in 2023 and is situated at 180 NE City Vw Dr, 83647, on a main corridor into downtown Mountain Home, benefiting from high visibility and traffic. The tenant is responsible for all maintenance and expenses, providing a hassle-free investment with no landlord responsibilities. The property's location within an Opportunity Zone adds further investment appeal. The surrounding area features a variety of established businesses, including Grocery Outlet, Dutch Brothers Coffee, Taco Bell, Walmart Superstore, and several other national and local retailers, creating a strong commercial environment. Proximity to schools, parks, and other amenities further enhances the property's value. All utilities are connected, facilitating potential future redevelopment upon lease expiration. This is a turnkey investment opportunity with significant long-term potential.

Highlights

  • $1,958,762 asking price for a 1.27-acre commercial land parcel in Mountain Home, Idaho.
  • The property is ground-leased to a newly constructed and operating Tidal Wave Auto Spa under a 20-year triple-net lease.
  • The lease includes three to five-year renewal options with 10% rent increases every five years.
  • The property boasts a 4.85% pro-forma cap rate and a $95,000 pro-forma NOI.
  • Located in a prime commercial area near major retailers and amenities, and situated in an Opportunity Zone.
  • The tenant is responsible for all maintenance and expenses, offering a low-maintenance investment.

Property Details for 180 City Vw Dr

Property type
Land
Lot Size (sq. ft)
55,321 SF

Location Insight

City
Mountain Home
County
Elmore
State
Idaho
Latitude
43.135715889751
Longitude
-115.6660052933
180 City Vw Dr, Mountain Home, Idaho

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180 City Vw Dr
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