Current Use by Public Records
- Retail properties & Spaces
Property Details for 157 Grand Ave
- Year built
- 2012
- Lot size
- 0.43 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a top-performing Family Dollar store in Arco, Idaho. Located at 157 W Grand Ave, this 8,000 square foot retail property boasts a strong 9.00% cap rate and a substantial net operating income (NOI) of $88,000. The property sits on a 0.43-acre lot and features a corporate net lease (NN) with Dollar Tree, a Fortune 500 company and S&P investment-grade rated (BBB). The lease, originally commencing June 29, 2012, has been extended through May 30, 2027, providing 2.5 years of remaining lease term. This Family Dollar consistently outperforms, ranking in the top 87% of all Idaho locations and the top 81% nationally, attracting approximately 59,300 customers annually. The asking price is $978,000, translating to a price per square foot of $122.25. The lease includes 10% rent increases in each of the three remaining five-year option periods. Landlord responsibilities are limited to roof and structure maintenance (for repairs exceeding $1,000) and parking lot maintenance (for repairs exceeding $1,000), while the tenant is responsible for all other expenses, including taxes, insurance, HVAC, and utilities. Arco's strategic location, approximately one hour west of Idaho Falls (Idaho's fourth most populous city), provides excellent access to a robust regional market. This presents a compelling investment opportunity with a stable, high-performing tenant and significant upside potential. The property was built in 2012.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Arco
- County
- Butte
- State
- Idaho
- Longitude
- -113.301
- Latitude
- 43.6356
