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31131486
31131487

875 E 17th St, Idaho Falls, ID 83404

SW
CA CA 01451087
CBRE - Sacramento
AF
CA 02113111
CBRE - Sacramento
Listed by CBRE - Sacramento
$2,087,000
77 days on market
Updated 30 days ago

Take 5 Oil Change

Details
APN RPA17110010020
Property Type Retail
Sub Type Auto Shop, Freestanding (+1)
Square Footage 1,550
Cap Rate 5.75%
NOI $120,000
Occupancy 100%
Tenancy Single
Brand/Tenant Take 5 Oil Change
Lease Type Absolute NNN
Lease Expiration 09/30/2044
Remaining Term 18.3
Rent Bumps Yes
Price per SqFt $1,346
Year Built 2024
Buildings 1
Acreage 0.310
Zoning LC (Limited Commercial)
Investment Type Net Lease
Tenant Credit Franchisee
Ground Lease No
Ownership Fee

Absolute NNN Take 5 Oil Change | Strong Franchisee | Growing Market

Marketing description

Built in 2024, the Property is currently 100% leased Take 5 Oil Change, a subsidiary of Driven Brands Inc. The lease term remaining is approximately 18.5 years. Take 5 Oil Change is located along one of Idaho Falls’ commercial corridors, E 17th Street (±28,907 ADT) and is an outparcel to Lowe’s. The Property is in close proximity to other synergistic retailers including The Home Depot, Sam’s Club, O’Reilly Auto Parts, Harbor Freight, Tractor Supply, AutoZone, and Michael’s. Within two miles of the Property, College of Eastern Idaho (±4,561 students), Grand Teton Mall (anchored by Dillard’s, JC Penney, Dick’s Sporting Goods) , Eastern Idaho Regional Medical Center (304 staffed beds), and Idaho Falls Community Hospital (8 staffed beds) increase daytime population in the area.

Investment highlights

  • 100% Leased, Single-Tenant Building

  • Absolute NNN Lease

  • Strong Franchisee Operator with Guarantee

  • Strategically Located Outparcel

  • Service Driven Amenity with Brand Recognition

Listing Contacts

SW
CA CA 01451087
CBRE - Sacramento
AF
CA 02113111
CBRE - Sacramento
Listed by CBRE - Sacramento

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$120,000.00
$10,000.00/mo

Valuation Metrics

0
DSCR
5.75%
Cap Rate
5.75%
ROI

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