Absolute NNN
For Sale
Contact for pricing
480 N State St, Shelley, ID 83274
Fully leased facility with a newly executed long-term lease and annual rent increases.
Property Size25,818 SF
Lot Size4.50 Acres
Days on Market143
Property Features for 480 N State St
General Information
Standard status
Active
Size
25,818 SF
Lot size
4.50 Acres
Property subtype
Industrial
Occupancy
100%
Net Operating Income
$342,085
Financials
Asking Price
$5,250,000
Cap Rate
6.5%
Additional Details
Highway Access
Yes
Building Details
Year Renovated
2022
Building Size
25,818 SF
Tenancy
Single
Listing Agency:
TOK Commercial
(208) 957-5623
Listed By:
Lance Hendricks · License #SP59344
Source:
Crexi
Added: Apr 13
Changed: Aug 31
Last Checked: Aug 30 at 10:23AM
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 TOK Commercial
Investment Insights
Based on property information with market context.
The 25,818-square-foot facility is fully leased under a new 10-year absolute NNN agreement with Idaho Mercantile Distilleries, producer of 44° North® Vodka. The lease provides 2.5% annual rent increases and assigns landlord responsibilities to the tenant. The building sits on 4.5 acres and received renovations in 2022, providing a substantial operating facility for the existing manufacturing use.
Located at 480 N State St in Shelley, Idaho, the property has frontage along State Street and is positioned near I-15, Idaho Falls, and Blackfoot. The lease structure, full occupancy, and 6.5% cap rate are supported by an established tenant operating from the renovated facility.
Located at 480 N State St in Shelley, Idaho, the property has frontage along State Street and is positioned near I-15, Idaho Falls, and Blackfoot. The lease structure, full occupancy, and 6.5% cap rate are supported by an established tenant operating from the renovated facility.
Key Highlights
- 25,818 SF facility on 4.5 acres
- 100% leased to Idaho Mercantile Distilleries
- New 10‑year absolute NNN lease
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
238
Businesses Nearby
Explore this area
Business Placement
Demographics for 83274, ID
10,673
Population
3,856
Households
2.8
Avg Household Size
33
Median Age
23%
College-Educated
90%
High-School Grad
98.6 sq mi
ZIP Area
108
Density / Sq Mi
$80,000
Median Household Income
$37,446
Median Earnings
$1,097
Median Rent
$328,000
Median Home Value
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
NNN property - Fully leased facility with a newly executed long-term lease and annual rent increases.
Where is this nnn property located?
The property is located at 480 N State St Shelley, ID.
What are key features of this property?
This property features: 25,818 SF facility on 4.5 acres; 100% leased to Idaho Mercantile Distilleries; New 10‑year absolute NNN lease
