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Freestanding Walgreens Drug Store
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1604 W Broadway St, Idaho Falls, ID 83402

Long-term NNN lease structure supports the freestanding retail property’s investment profile.

Property Size14,490 SF
Lot Size1.35 Acres
Days on Market143

Property Features for 1604 W Broadway St

General Information

Standard status Active
Size 14,490 SF
Lot size 1.35 Acres
Property subtype Retail

Additional Details

Gross Income $369,999

Building Details

Year Built 2015
Tenancy Single
Listing Agency: Drugstore Property Advisors
Listed By: John Giordani · License #CA 01323433
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 29 at 4:55PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Drugstore Property Advisors

Investment Insights

Based on property information with market context.

The freestanding Walgreens drug store occupies a 14,490-square-foot retail building completed in 2015. Improvements sit on a 1.35-acre site and are leased under an NNN structure to Walgreens, providing a single-tenant retail configuration.

Located at 1604 West Broadway Street in Idaho Falls, Idaho, the property is subject to a 75-year lease term. The lease is cancellable by Walgreens after 20 years and at five-year intervals thereafter. The asset combines a national pharmacy retailer, freestanding construction, and a substantial lease term within an established retail format.

Key Highlights

  • 14,490‑square‑foot freestanding retail building
  • Constructed in 2015 on a 1.35‑acre site
  • Leased to Walgreens under an NNN structure

Property Analytics

Current Use

Walgreens Pharmacy Pharmacy Walgreens Photo (Bike/Boat/Book/etc) Store FedEx OnSite Postal Service Walgreens Pharmacy Western Union Bank

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Real Estate Agency Locksmith Kitchen & Bath Showroom Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

405
Businesses Nearby
145k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Dining 42% Shops & Services 30% Groceries 23% Home Improvements & Furnishings 3%
McDonald's Dining
33,887 visits/mo 0.3 miles
Albertsons Groceries
32,714 visits/mo 0.2 miles
Sinclair Shops & Services
13,858 visits/mo 0.5 miles
Sinclair Shops & Services
12,401 visits/mo 0.3 miles
Jack in the Box Dining
11,741 visits/mo 0.3 miles

Demographics for 83402, ID

28,452
Population
11,983
Households
2.4
Avg Household Size
34
Median Age
31%
College-Educated
92%
High-School Grad
171.0 sq mi
ZIP Area
166
Density / Sq Mi
$72,064
Median Household Income
$35,593
Median Earnings
$904
Median Rent
$301,400
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
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Similar Off Market Nearby

  • Walmart Pharmacy 500 S Utah Ave, Idaho Falls, ID 83402
  • Joseph M. Brown, PharmD 1745 West Broadway Street, Idaho Falls, ID 83402, Idaho Falls, ID 83402
  • Jordan B. Adams, PharmD 1745 West Broadway Street, Idaho Falls, ID 83402, Idaho Falls, ID 83402
  • Mountain Care Pharmacy 1753 W Broadway St, Idaho Falls, ID 83402
  • Broulim's Pharmacy 1855 W Broadway St, Idaho Falls, ID 83402

Frequently Asked Questions

What type of property is this?
Drug store - Long-term NNN lease structure supports the freestanding retail property’s investment profile.
Where is this drug store located?
The property is located at 1604 W Broadway St Idaho Falls, ID.
What are key features of this property?
This property features: 14,490‑square‑foot freestanding retail building; Constructed in 2015 on a 1.35‑acre site; Leased to Walgreens under an NNN structure
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