2275 17th St Idaho Falls, ID 83404-6512

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.