Absolute NNN-Lease, Flex/Industrial Building
Address: 480 N State St
Latitude: 43.3813038
Longitude: -112.1233056
Price: $0.00
Square Footage: 4.5 Ac
Year Built: 2012
Address: 480 N State St
City: Shelley
ZipCode: 83274
Building Square Feet: 25,818 SF
County: Bingham
Property Type: Available Building
Zoning: Commercial
Description
This 25,818 SF facility is 100% leased to Idaho Mercantile Distilleries under a new 10-year absolute NNN lease. The tenant, producers of the nationally recognized 44° North® Vodka, is priced at $5.25 million with a 6.5% cap rate. It delivers $342,085 in NOI with 2.5% annual rent bumps and zero landlord responsibilities, offering immediate, passive cash flow from a nationally recognized brand.
Positioned on 4.5 acres with excellent frontage along State Street, the property benefits from modern renovations (2022) and proximity to I-15, Idaho Falls, and Blackfoot. Located in one of the fastest-growing industrial markets in the U.S., with low vacancy and rising lease rates, this investment combines location, stability, and long-term upside in a high-demand corridor.
Prime location - Excellent frontage and visibility along State Street in Bingham County, ensuring high traffic and easy accessibility.
Modern and Well-Maintained - Building improvements are in great condition, with a recent remodel in 2022, providing a contemporary and appealing space.
Absolute NNN Sale Leaseback - to a well known brand tenant, offering stable and reliable income.
TOK Commercial - Eastern Idaho Office
900 Pier View Drive, Ste 204
Idaho Falls, Idaho 83402
Main Phone: 208.227.8148