1217 2nd St S 22,597 SF 100% Leased Retail Building Nampa, ID 83651 $4,450,000 ($196.93/SF) 5.74% Cap Rate

Located in the heart of downtown Nampa, 1217 N 2nd St presents a rare opportunity to acquire a fully leased, bank-anchored retail investment offering both immediate stability and long-term upside. Priced at $4,450,000, this property delivers a current NOI of $255,325 and an in-place cap rate of 5.74%, supported by strong tenancy and a premier downtown location within the Downtown Historic (DH) zoning district.
The 22,597-square-foot property, recently remodeled in 2024, is anchored by First Federal Bank—Idaho’s only mutual bank—recognized by Forbes as one of the state’s best-in-class financial institutions. Additional tenants, Pub & Putt and Solovey Kitchen, enhance the property’s community draw and contribute to a diverse and resilient income stream. Each tenant operates under NNN lease structures with annual rent increases and multiple renewal options, reinforcing steady, growing cash flow.
The property’s private on-site parking—a rare amenity in the downtown core—further elevates its appeal and accessibility. The DH zoning supports a vibrant mix of retail, office, and residential uses, with city-backed incentives available for future façade or tenant improvements.
As part of the expanding Boise Valley metro, projected to surpass 1 million residents by 2050, this asset benefits from strong regional fundamentals, low vacancy rates, and robust economic growth driven by major employers such as Micron, HP, and Amazon. Combining creditworthy tenants, a revitalized downtown setting, and stable income performance, 1217 N 2nd St S stands as a secure and strategic investment in one of Idaho’s fastest-growing urban districts.