Grocery Outlet
18,000 SF | Retail Building | Mountain Home, ID 83647 | $6,480,000 ($360/SF) | 5% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $6,480,000
- Property Type
-
Retail
- Square Feet
- 18,000 SF
- Price / Square Foot
- $360
Listing Contacts
Joseph Blatner
Verified Profile
Megan Wallachy
Verified Profile
Matthew Naumann
Verified Profile
Melanie Nielsen
Verified Profile
- Property Info
Property Overview
CBRE, Inc. has been retained as the exclusive agent in the sale of an 18,000 sf Grocery Outlet located at the intersection of American Legion Blvd & Interstate 84, Exit 95, on the main corridor into downtown Mountain Home, Idaho. The property is located adjacent to a Walmart Supercenter (with nearly 2.5 million visitors over the last 12 months and trending upwards) as well as a number of national brand fast food and hotel properties. Dutch Brother’s Coffee sits at the front of the Grocery Outlet parcel and shares ingress/egress access at the property’s first entrance. Additionally, the property sits directly in front of 157 acres of land that is intended to house the future Shoshone-Bannock casino resort. Grocery Outlet - Mountain Home provides the opportunity for an investor to acquire a 100% occupied building while achieving stable cash flow backed by a 15-year corporate triple net lease with multiple renewal options and a 10% jump in rent in less than 3 years.
› The Property Sits Directly in Front of 157 Acres of Land Purchased in 2020 by the Shoshone and Bannock Tribes of Idaho for a Proposed Casino Resort
› Located Just Off of Interstate 84 Traveling East and West for 770 Miles from Portland, OR to Echo, UT
› Strong Retail Location Positioned Next to McDonald’s, Wendy’s, Walmart Supercenter, Dutch Bros Coffee, Taco Bell, Jack in the Box, Hampton Inn & Suites, Best Western, Pilot Travel Center and More
› Located Just 15 Miles from Mountain Home Airforce Base Housing More than 3K Residents
› Excellent Visibility and Signage from American Legion Boulevard with Three Ingress/Egress Access Points
› The Property Sits Directly in Front of 157 Acres of Land Purchased in 2020 by the Shoshone and Bannock Tribes of Idaho for a Proposed Casino Resort
› Located Just Off of Interstate 84 Traveling East and West for 770 Miles from Portland, OR to Echo, UT
› Strong Retail Location Positioned Next to McDonald’s, Wendy’s, Walmart Supercenter, Dutch Bros Coffee, Taco Bell, Jack in the Box, Hampton Inn & Suites, Best Western, Pilot Travel Center and More
› Located Just 15 Miles from Mountain Home Airforce Base Housing More than 3K Residents
› Excellent Visibility and Signage from American Legion Boulevard with Three Ingress/Egress Access Points
Property Details
- Class
- B
- Year Built
- 2021
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 113,692 SF
Highlights
- Corporate Guarantee; Grocery Outlet Reports Nearly $4B in Annual Sales
- Across the Highway from a Walmart Supercenter With Nearly 2.5M Visitors Annually (CBRE Fast Reports)
- NNN Lease with Limited Landlord Responsibilities
- 13 Years Remaining on an Original 15-year Term
- 10% Rental Increases Every 5 Years; First Rental Increase in January of 2027
- Barrier to Entry Market; The Only Discount Grocer for 50 Miles
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