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Perkins 2000 Channing Way 5,830 SF Retail Building Idaho Falls, ID 83404 $2,250,000 ($385.93/SF) 7.32% Cap Rate
Investment Highlights
- 100% absolute net leased retail/restaurant investment property with a newly signed 10-year term.
- Long-standing national brand franchise operator with over 20+ years of operating sales history.
- Close proximity to the College of Eastern Idaho (21,000+ students), Mountain View Hospital, and Eastern Idaho Regional Medical Center.
- Ideal retail location, situated directly across from the Grand Teton Mall — a regional traffic driver.
- Ample off-street parking and easily accessible from Idaho Falls’ primary arterials for retail and services, E 17th St. and E 25th St.
- Surrounded by major retailers including Target, Barnes & Noble, Michael’s, Best Buy, Ross, PetSmart, Grocery Outlet, Old Navy, Dillards, and more.
Executive Summary
Introducing an exceptional retail investment opportunity at 2000 Channing Way, Idaho Falls, ID. This 5,830 SF free-standing restaurant building, constructed in 1992, features a newly signed 10-year absolute net lease with a well-established national brand franchise operator. With ample off-street parking, excellent visibility, and accessibility from primary arterials, this property is strategically positioned for success. Situated across from a regional retail draw, the Grand Teton Mall, this prime retail location benefits from high traffic counts and proximity to educational and healthcare institutions. Don't miss this chance to invest in a thriving retail destination.
Property Facts
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,830 SF
Building Class
C
Year Built
1992
Price
$2,250,000
Price Per SF
$385.93
Cap Rate
7.32%
NOI
$164,593
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.20 AC
Zoning
R-2
Walk Score®
Very Walkable (70)
Nearby Major Retailers
Property Taxes
| Parcel Number | RPA3062103016O | Improvements Assessment | $1,096,652 |
| Land Assessment | $313,632 | Total Assessment | $1,410,284 |
Property Taxes
Parcel Number
RPA3062103016O
Land Assessment
$313,632
Improvements Assessment
$1,096,652
Total Assessment
$1,410,284
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Perkins | 2000 Channing Way
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