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    2594 E 17th Street

    Ammon, ID 83406
    • $600,000
    • STATUS: Active
    • ON SITE: 55 days
    • MLS #: 2132730
    UPDATED: 186 min ago
    $600,000
    • 0
      BEDS
    • 0.28
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,872
      SQFT
    • $209
      $/SQFT
    Type:
    Commercial
    Built:
    1968
    County:
    Area:

    School Ratings & Info

    Description

    5-year NNN lease executed August of 2020 with 2% annual escalations. Low landlord responsibilities. Tenant is a local Veterinarian who has an established business in town. Year 1 has 3 months of rent concessions in the beginning with estimated NNN's being paid during this time. The current Landlord has agreed to provide $20,000 in TI's to be paid directly to the contractor at the time of completion, to be completed prior to sale. Hitt and 17th Intersection is currently the most traveled daily road in Idaho Falls and Ammon, with over 43,000 vehicles traveling. Traffic is coming from Ammon residential communities and commuting into Idaho Falls for jobs and shopping.

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    © 2020 Information provided by Snake River Regional Multiple Listing Service (SNRRMLS) is deemed reliable but not guaranteed. Real estate listings held by brokerage firms other than The Group Real Estate are marked with the SNRRMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2020-12-03T00:23:09.623.
    www.idahomefinder.com/homes/110820708
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    2594 E 17th Street Ammon, ID 83406

    • Price: $600,000
    • Status: Active
    • Updated: 186 min ago
    • MLS #: 2132730
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.28
    Acres
    2,872
    SQFT
    $209
    $/SQFT
    1968
    Built
    County:
    Bonneville
    Area:
    Ammon
    Property Description
    5-year NNN lease executed August of 2020 with 2% annual escalations. Low landlord responsibilities. Tenant is a local Veterinarian who has an established business in town. Year 1 has 3 months of rent concessions in the beginning with estimated NNN's being paid during this time. The current Landlord has agreed to provide $20,000 in TI's to be paid directly to the contractor at the time of completion, to be completed prior to sale. Hitt and 17th Intersection is currently the most traveled daily road in Idaho Falls and Ammon, with over 43,000 vehicles traveling. Traffic is coming from Ammon residential communities and commuting into Idaho Falls for jobs and shopping.
    Exterior Features

    Construction And Status Frame Exterior Primary Wood Siding Foundation Slab Frontage Yes Landscaping Established Lawn Overhead Doors No Parking Parking Lot Roof 3 Tab

    Interior Features

    Air Conditioning Central Basement Finished Basement Percent Finished 100 Heat Source And Type Gas Sq Ft Above Grade 2872 Sq Ft Below Grade 0

    Property Features

    Actual Annual Gross Income 47158.00 Annual Insurance 1500.00 Buildings 1 Cap Rate 6.55 Covenants No Current Use Service BusinessOffice Distressed Property Not Applicable Effective Age 2020 Flood Plain N Handicap Access Yes Monthly Leased Rate 3929 Net Operating Income 41931.00 Owner Pays None Price Per Sq Ft Annually 16.42 Primary Lease Expires 2025-08-30 Prior Use Service Business Property Type Real Estate Only Provider Other Info Rocky Mountain Power Sep Utilities Yes Sewer Public Sewer Tax Year 3254 Taxes 2019.00 Tenant Pays Trash CollectionCommons Area MaintenanceGrounds CareWaterGasTaxesElectricitySewerInsuranceSnow Removal Terms CashConventional Water Public Zoning General Ammon Commercial Zoning Specific Bonneville-C2-General Commerci

    Listing provided courtesy of Virgil Brooks Investment Real Estate.
    © 2020 Information provided by Snake River Regional Multiple Listing Service (SNRRMLS) is deemed reliable but not guaranteed. Real estate listings held by brokerage firms other than The Group Real Estate are marked with the SNRRMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2020-12-03T00:23:09.623.
     
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    The Group Real Estate
    950 Memorial Drive
    Idaho Falls ID, 83402