2275 17th St Idaho Falls, ID 83404-6512
- Retail space
- 9,040 SF
- 0.58 lot acres
Apr 24, 2025
Current Use by Public Records
- Advance Auto Parts / Truck Accessories Store / Auto Parts Store
- UPS Access Point location / Mailing Service / Shipping Service
Property Details for 2275 17th St
- Year built
- 1994
- Lot size
- 0.58 lot acres
- Property size
- 9,040 SF
- Property type
- Retail space
- APN
- RPA0166001012O
- APU
- RPA0166001012O
Description
This exceptional investment opportunity presents a 8,973-square-foot storefront occupied by Advanced Auto Parts under a Net Lease agreement. Located at 2275 E 17th St, Idaho Falls, ID 83404, this property boasts a strong 6.08% cap rate and a substantial net operating income (NOI) of $115,000. The lease, initiated August 16, 2021, has a remaining term of approximately 6.8 years, with three five-year renewal options, ensuring long-term stability. Built in 1995 and renovated in 2021, the single-building property sits on a 0.58-acre lot. The asking price is $1,892,000, translating to $210.85 per square foot. This strategically positioned property enjoys a high-traffic location on a signalized intersection within a thriving retail area, directly across from the Grand Teton Mall, a major shopping destination with over 70 tenants and significant foot traffic. The property's 100% occupancy and strong tenant history make it an attractive investment for discerning buyers seeking a secure and profitable retail asset in a robust market. The property's location benefits from strong demographics and proximity to key market drivers, further enhancing its investment potential. This is a rare opportunity to acquire a well-established, high-performing retail property with significant upside.
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
- Idaho Falls
- County
- Bonneville
- State
- Idaho
- Longitude
- -111.989
- Latitude
- 43.4825
- CBSA code
- 26820
- CBSA name
- IDAHO FALLS, ID METROPOLITAN STATISTICAL AREA
