163 Atlantic StTwin Falls, ID 83301

Property Details for 163 Atlantic St

Year built

1975

Lot size

0.21 AC

Property size (Sq ft)

2,496 SF

Property type

Warehouses

APN

RPT2781007001A

APU

RPT2781007001A

Description

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.

Location Insight

City

Twin Falls

County

Twin Falls

State

Idaho

Latitude

42.5486

Longitude

-114.483

CBSA code

46300

CBSA name

TWIN FALLS, ID MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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