180 City Vw DrMountain Home, ID 83647

Property Details for 180 City Vw Dr

Lot size

1.27 AC

Property type

Other commercial real estate

Property subtype

Other land

Description

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.

Location Insight

City

Mountain Home

County

Elmore

State

Idaho

Latitude

43.1357

Longitude

-115.666

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