2275 17Th StIdaho Falls, ID 83404

Property Details for 2275 17Th St

Year built

1994

Lot size

0.58 AC

Property size (Sq ft)

9,040 SF

Property type

Retail properties

Property subtype

Retail space

APN

RPA0166001012O

APU

RPA0166001012O

Description

This exceptional investment opportunity presents a 8,973-square-foot storefront occupied by Advanced Auto Parts under a Net Lease agreement. Located at 2275 E 17th St, Idaho Falls, ID 83404, this property boasts a strong 6.08% cap rate and a substantial net operating income (NOI) of $115,000. The lease, initiated August 16, 2021, has a remaining term of approximately 6.8 years, with three five-year renewal options, ensuring long-term stability. Built in 1995 and renovated in 2021, the single-building property sits on a 0.58-acre lot. The asking price is $1,892,000, translating to $210.85 per square foot. This strategically positioned property enjoys a high-traffic location on a signalized intersection within a thriving retail area, directly across from the Grand Teton Mall, a major shopping destination with over 70 tenants and significant foot traffic. The property's 100% occupancy and strong tenant history make it an attractive investment for discerning buyers seeking a secure and profitable retail asset in a robust market. The property's location benefits from strong demographics and proximity to key market drivers, further enhancing its investment potential. This is a rare opportunity to acquire a well-established, high-performing retail property with significant upside.

• CAP approach

  CAP return

  Valuation

  6%

  $2,376,508

  6.5%

  $2,193,700

  7%

  $2,037,007

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,857,094

  Geo Method

  $4,857,094

• Alternative Use

  Use

  Valuation

  Residential

  $1,850,468

  Hospitality

  $1,695,018

  Educational

  $1,410,235

  Medical

  $1,458,736

  Retail

  $2,193,700

Location Insight

City

Idaho Falls

County

Bonneville

State

Idaho

Latitude

43.4825

Longitude

-111.989

CBSA code

26820

CBSA name

IDAHO FALLS, ID METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].