Mark Haroldsen - Idaho Falls Commercial Real Estate
Listed by Mark Haroldsen - Idaho Falls Commercial Real Estate
$942,887
311 F Street
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 12,600
Net Rentable (SqFt) 12,600
Units 2
Cap Rate 8%
NOI $75,431
Occupancy 64%
Tenancy Multi
Lease Type NN+
Lease Term 25
Lease Expiration 06/30/2029
Remaining Term 3
Rent Bumps Yes
Lease Options 3- 5 YR
Price per SqFt $75
Year Built 1973
Year Renovated 2004
Acreage 0.670
Zoning Commercial
Investment Type Stabilized
Lease Commencement 07/01/2004
Ground Lease No
Sale Condition 1031 exchange
Modified Net LongTerm Tenant
Marketing description
This 12,600 SF retail asset features an anchor lease with Family Dollar Corporation, which occupies just over 8,000 SF. Investors have an immediate value-add opportunity to renovate and lease the remaining 4,515 SF. The building was fully renovated in 2004, and the parking lot was recently resurfaced this year. Under the current single-tenant structure, Family Dollar operates under a hands-off lease covering all operating expenditures, including property taxes. The landlord is responsible solely for structural maintenance. Furthermore, the lease includes three 5-year renewal options, each featuring a 10% rent escalation.
Investment highlights
8% Cap Rate
Long Term Stable Investment
Corporate Guarantee
Multiple 5-year options to extend
Listing Contacts
Mark Haroldsen - Idaho Falls Commercial Real Estate
Listed by Mark Haroldsen - Idaho Falls Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$75,431.00
$6,285.92/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
Map
Zoning
CG CommercialGeneral CommercialCommercial General
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View all 223 uses Last updated Jun 24, 2026 For deeper zoning details, reports are available at Zoneomics
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