1402 E 17th St, Idaho Falls, ID 83404

Lease & Location Highlights

• ± 4.75-Years remaining on the base term of the lease
• Retail NNN lease with landlord responsibilities limited to roof and structure
• Aaron’s extended this lease early in 2025 for an additional 5 years
• Attractive 11.25% rent increase coming in 2028, with subsequent 10% increases in the option periods
• 3-Mile population of 75,239 residents | 5-Mile population of 117,498 residents
• Estimated population growth of 7.12% over the next 5-years
• Strong traffic counts of 29,000 vehicles daily on East 17th Street
• Affluent demographics with an average household income of $105,540 annually
• Situated within a dense commercial corridor featuring national retailers such as Lowe’s, Harbor Freight, Natural Grocers, McDonald’s, AutoZone, and many others

Tenant Highlights

• Aaron’s, LLC is a leading lease-to-own retailer specializing in furniture, electronics, appliances, and home goods
• Founded in 1955 and headquartered in Atlanta, Georgia
• Operates over 1,200 stores across the U.S. and Canada through corporate and franchised locations
• Provides flexible payment solutions for credit-challenged consumers, supporting consistent demand across economic cycles
• Omnichannel platform combines a national brick-and-mortar presence with e-commerce capabilities
• Benefits from strong brand recognition, a broad customer base, and resilient performance in necessity-driven retail sectors