2265 Teton Plz Idaho Falls, ID 83404

This exceptional investment opportunity presents a single-story, 5,754 square foot Class B office building situated on a 0.585-acre lot in Idaho Falls, ID. The property, located at 2265 Teton Plaza, boasts a prime location adjacent to Grand Teton Mall and medical offices near a city hospital. Currently occupied by a single tenant under a Net Lease (NNN) agreement expiring April 30, 2027 (2.4 years remaining), offering a stable income stream with a 6.33% cap rate and a NOI of $79,117. The asking price is $1,250,000, translating to $217.24 per square foot. The building, constructed in 1993 and renovated ten years ago, features 16 offices, four handicap-accessible bathrooms, two staff reception areas, waiting rooms, a break room, and a large conference room. Ample parking is provided with 36 spaces. The property is zoned for limited commercial use and offers lease options of 1-3 years, with landlord-provided lease comparables for maximum 3% annual rent increases. The building's layout allows for potential division into two separate tenancies. This property is ideal for a 1031 exchange.