Aaron's | Idaho Falls, ID | 7% Cap
11.25% Rent Increase in 2028
Marketing description
Nestled in eastern Idaho, Idaho Falls serves as a key regional hub with a growing population and an increasingly diversified economy. The city attracts residents from across southeastern Idaho and western Wyoming, offering a blend of affordability, quality of life, and access to outdoor recreation. Its family-oriented demographics, steady population growth, and proximity to major employers such as Idaho National Laboratory and Eastern Idaho Regional Medical Center foster a stable base of consumers and workforce participants. These dynamics continue to drive local demand for housing, services, and retail.
Commercial assets in Idaho Falls benefit from strong regional connectivity via U.S. Routes 20 and 26, as well as I-15, which links the city to Salt Lake City and Montana. The area's well-trafficked retail corridors—such as 17th Street and Hitt Road—support high visibility and access for shopping centers and service-oriented businesses. Recent residential and mixed-use developments have added density while supporting consistent foot traffic and transactional activity throughout the city's commercial zones.
Investment 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
- 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
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