180 City Vw Dr Mountain Home, ID 83647
- Land
- 1.27 lot acres
Current Use by Public Records
- Land
Property Details for 180 City Vw Dr
- Lot size
- 1.27 lot acres
- Property type
- Land
Description
This exceptional investment opportunity presents a 1.27-acre commercial land parcel in Mountain Home, Idaho (APN: RPA01060020020A), currently leased to a newly constructed Tidal Wave Auto Spa under a 20-year triple-net (NNN) ground lease. The lease commenced February 9th, 2023, and includes three to five-year renewal options. The property boasts a 4.85% pro-forma cap rate and a $95,000 annual net operating income (NOI). Rent increases by 10% every five years, ensuring consistent income growth. The 3,500 square foot building was constructed in 2023 and is situated at 180 NE City Vw Dr, 83647, on a main corridor into downtown Mountain Home, benefiting from high visibility and traffic. The tenant is responsible for all maintenance and expenses, providing a hassle-free investment with no landlord responsibilities. The property's location within an Opportunity Zone adds further investment appeal. The surrounding area features a variety of established businesses, including Grocery Outlet, Dutch Brothers Coffee, Taco Bell, Walmart Superstore, and several other national and local retailers, creating a strong commercial environment. Proximity to schools, parks, and other amenities further enhances the property's value. All utilities are connected, facilitating potential future redevelopment upon lease expiration. This is a turnkey investment opportunity with significant long-term potential.
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
- Mountain Home
- County
- Elmore
- State
- Idaho
- Longitude
- -115.666
- Latitude
- 43.1357
