1048 Tamana Dr Rexburg, ID 83440
- Retail properties
- 2,325 SF
- 1.25 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1048 Tamana Dr
- Year built
- 2024
- Lot size
- 1.25 lot acres
- Property size
- 2,325 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a brand-new, 2,325 square foot Chipotle restaurant situated on a 1.25-acre lot in Rexburg, Idaho. The property boasts a 15-year absolute NNN lease commencing September 30, 2024, and expiring October 1, 2039, with built-in rent bumps every five years. The tenant, a major national QSR chain, provides a corporate guarantee, ensuring consistent income. The property's strong financial performance is reflected in a 5.00% cap rate and a net operating income (NOI) of $161,006. This is the only Chipotle in Rexburg, strategically located near Brigham Young University-Idaho (20,000 students), major retailers (McDonald's, Applebee's, etc.), and high-traffic roadways (University Boulevard, Yellowstone Highway, US Route 20). The property's proximity to the university, significant traffic counts, and the absence of competing Chipotle locations within the immediate area contribute to its exceptional potential for long-term growth and profitability. The site also benefits from its proximity to the Rexburg Idaho Temple and Rexburg Rapids, further enhancing its visibility and attracting a large customer base. Projected population and income growth within the surrounding area further solidify this investment's strong outlook. This is an ideal opportunity for passive investors seeking a secure, high-return investment with minimal management responsibilities. The property was built in 2024.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rexburg
- County
- Madison
- State
- Idaho
- Longitude
- -111.807
- Latitude
- 43.8034
