3015 25ThAmmon, ID 83406

Property Details for 3015 25Th

Year built

2007

Lot size

4.21 AC

Property size (Sq ft)

33,982 SF

Property type

Retail properties

Property subtype

Strip malls

APN

RPB3317005002O

APU

RPB3317005002O

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $8,933,461

  6.5%

  $8,246,272

  7%

  $7,657,252

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,258,162

  Geo Method

  $18,258,162

• Alternative Use

  Use

  Valuation

  Residential

  $6,956,039

  Hospitality

  $6,371,694

  Educational

  $5,301,175

  Medical

  $5,483,490

  Retail

  $8,246,272

Location Insight

City

Ammon

County

Bonneville

State

Idaho

Latitude

43.47

Longitude

-111.982

CBSA code

26820

CBSA name

IDAHO FALLS, ID METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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