Listed by TOK Commercial
$2,250,000
Perkins
Details
Property Type Retail
Sub Type Restaurant, Freestanding
Square Footage 5,830
Cap Rate 7.32%
NOI $164,593
Occupancy 100%
Tenancy Single
Lease Type Net
Lease Term 10
Class B
Year Built 1992
Acreage 1.260
Investment Type Sale/Leaseback
Retail | 7.32% CAP | 5,830 SqFt
Marketing description
Introducing an exceptional retail investment opportunity at 2000 Channing Way, Idaho Falls, ID. This 5,830 SF free-standing restaurant building, constructed in 1992, features a newly signed 10-year absolute net lease with a well-established national brand franchise operator. With ample off-street parking, excellent visibility, and accessibility from primary arterials, this property is strategically positioned for success. Situated across from a regional retail draw, the Grand Teton Mall, this prime retail location benefits from high traffic counts and proximity to educational and healthcare institutions. Don't miss this chance to invest in a thriving retail destination.
North Idaho Falls | Channing Way & E. 25th Street
Investment highlights
- 100% absolute net leased retail/restaurant investment property with a newly signed 10-year term.
- Ideal retail location, situated directly across from the Grand Teton Mall a regional traffic driver.
- Long-standing national brand franchise operator with over 20+ years of operating sales history.
- Ample off-street parking and easily accessible from Idaho Falls’ primary arterials for retail and services, E 17th St. and E 25th St.
- Close proximity to the College of Eastern Idaho (21,000+ students), Mountain View Hospital, and Eastern Idaho Regional Medical Center.
- Surrounded by major retailers including Target, Barnes & Noble, Michael’s, Best Buy, Ross, PetSmart, Grocery Outlet, Old Navy, Dillards, JCPenny and many more. Nearby hotels include Holiday Inn Express, Hampton Inn, and La Quinta Inn.
Listing Contacts
Listed by TOK Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$164,593.00
$13,716.08/mo
Valuation Metrics
0
DSCR
7.32%
Cap Rate
7.32%
ROI
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