For Sale
$9,950,000

3015 25Th Ammon, ID 83406

High-Yield Shopping Center Investment

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional Class A shopping center, Teton Spectrum Center, presents a compelling investment opportunity in Ammon, Idaho. Located at 3015 S 25th E, this single-story, 33,802 square foot property sits on a 4.21-acre lot and boasts a 100% occupancy rate with seven tenants. The building, constructed in 2007, features a modern design and enjoys high visibility on a major retail thoroughfare experiencing over 42,000 vehicles daily. The tenant mix includes a diverse range of businesses, secured by franchisee and corporate guarantees, ensuring strong financial performance. The property's stabilized investment status offers a compelling 6.85% cap rate and a current Net Operating Income (NOI) of $681,089, with an asking price of $9,950,000 ($294.36/sq ft). Rent bumps are included in the lease agreements. The property benefits from its strategic location near major schools, Grand Teton Mall, healthcare facilities, and numerous dining and retail options, contributing to consistent foot traffic and a robust customer base. This Ammon, ID (zip code 83406) location is part of a rapidly growing area with strong demographics, making this a prime retail investment. The triple-net (NNN) lease structure minimizes landlord responsibilities.

Highlights

  • Teton Spectrum Center, a 33,802 SF Class A shopping center in Ammon, ID (83406), offers a compelling investment opportunity.
  • Located at 3015 S 25th E, this single-story center sits on a 4.21-acre lot and boasts 100% occupancy with seven tenants, including Sportman's Warehouse and TJ Maxx (Kohl's not included).
  • Built in 2007, the property features a modern design and high visibility on a major retail thoroughfare with over 42,000 vehicles daily.
  • The property offers a 6.85% cap rate and a $681,089 NOI, with an asking price of $9,950,000 ($294.36/SF). Leases include rent bumps and are structured as triple-net (NNN).
  • The center benefits from its location near major schools, Grand Teton Mall, and numerous amenities, ensuring strong foot traffic.

Property Details for 3015 25Th

Property type
Lifestyle centers, Power centers
Square Feet
33,802 SF
Class
A
Year Built
2007
Buildings
1
Stories
1
Lot Size (sq. ft)
183,388 SF
Units
7

Location Insight

City
Ammon
County
Bonneville
State
Idaho
Latitude
43.47004297146
Longitude
-111.98274796067

FAQs

What type of property is this?
Lifestyle center - High-Yield Shopping Center Investment
Where is the lifestyle center located?
The property is located at 3015 25Th Ammon, ID.
What is the asking price?
The asking price for this property is $9,950,000.
What are key features of this property?
This property features: Teton Spectrum Center, a 33,802 SF Class A shopping center in Ammon, ID (83406), offers a compelling investment opportunity.; Located at 3015 S 25th E, this single-story center sits on a 4.21-acre lot and boasts 100% occupancy with seven tenants, including Sportman's Warehouse and TJ Maxx (Kohl's not included).; Built in 2007, the property features a modern design and high visibility on a major retail thoroughfare with over 42,000 vehicles daily.
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3015 25Th
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