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Aaron's 1385 E 17th St 10,224 SF Retail Building Idaho Falls, ID 83404 $1,270,430 ($124.26/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- ± 4.75-Years remaining on the base term of the lease
- Aaron’s extended this lease early in 2025 for an additional 5 years
- 3-Mile population of 75,239 residents | 5-Mile population of 117,498residents
- Retail NNN lease with landlord responsibilities limited to roof and structure
- Attractive 11.25% rent increase coming in 2028, with subsequent 10%increases in the option periods
- Estimated population growth of 7.12% over the next 5-years
EXECUTIVE SUMMARY
Broker of Record
Kyle Matthews
License # CO56879 (ID)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # CO56879 (ID)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
10,224 SF
Building Class
C
Year Built
2007
Price
$1,270,430
Price Per SF
$124.26
Cap Rate
7%
NOI
$88,930
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.98 AC
Zoning
R-2
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Retailer
- -
- -
- -
Headquartered in Atlanta, The Aaron's Company, Inc. is a leading, technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions of appliances, electronics, furniture, and other home goods across its brands: Aaron's, BrandsMart U.S.A., BrandsMart Leasing, and Woodhaven. Aaron's offers a direct-to-consumer lease-to-own solution through its many Company-operated and franchised stores in many states and Canada, as well as its e-commerce platform.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Retailer | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | RPA00008209489 | Improvements Assessment | $1,069,927 |
| Land Assessment | $256,133 | Total Assessment | $1,326,060 |
PROPERTY TAXES
Parcel Number
RPA00008209489
Land Assessment
$256,133
Improvements Assessment
$1,069,927
Total Assessment
$1,326,060
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Aaron's | 1385 E 17th St
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