Grocery Outlet 155 Northeast City View Drive
Mountain Home, ID 83647
Sale Price
$6,480,000
Brochure
Property Website
Map
Retail For Sale - Unavailable
Corporate Guarantee | 13 Years Left on a 15 Year NNN Lease | 10% Rental Increases
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
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
Get in touch
Joey Blatner
Lic: OR Lic. #980500024
JB
Megan Wallachy
Lic: OR Lic. #200603442
MW
Matt Naumann
Melanie Nielsen
CBRE, Inc. has been retained as the agent in the sale of an 18,000 sf Grocery Outlet building 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 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 is well situated just off of Interstate 84, an east/west interstate connecting Oregon, Idaho and Utah (770 miles). Given the property's location directly off of the interstate and given Mountain Home's location between the major markets of Boise (40 miles northwest) and Twin Falls (85 miles southeast), as well as their extremely close proximity to the proposed Shoshone-Bannock Casino site, the property is well positioned to take advantage of sales not only from their population of more than 16,000 but also the commuters and tourists looking for equitable snacks and groceries on their travels. The property is surrounded by many national retail brands, is located just 15 miles from the Mountain Home Air Force Base and is the only discount grocer for 50 miles in any direction. As such, this tenant is well positioned for long-term stability and growth in this location.
Mountain Home is the largest city, and county seat, of Elmore County, Idaho. As of 2022, the city’s population was 16,469. Mountain Home is the principal city of the Mountain Home Micropolitan Statistical Area, which includes Elmore County. Mountain Home Air Force Base, housing 3,184 residents, is an Air Combat Command installation location 12 miles southwest of the city. Opened in 1943 during World War II, it was originally a bomber training base and later an operational Strategic Air Command bomber and missile base (1953-65). It switched to Tactical Air Command and fighters in January 1966, which was succeeded by Air Combat Command in 1992.
Tourism has played an important role in Mountain Home’s growth. Visitors and residents alike enjoy a wide variety of local recreational activities offered by Mountain Home’s surroundings. Their city has a strong sense of family values and community that you can experience firsthand at their many local events. Mountain Home is also a haven for outdoor lovers visiting the sand dunes, hiking along mountain-side back trails, casting a line at one of their many fishing destinations, or setting up camp and enjoying the remarkable scenic views.
New local entrepreneurs are opening businesses, established businesses are expanding and outside businesses are looking their way! The City of Mountain Home is taking full advantage of all these positive changes by making changes of their own to improve its community.
Mountain Home is the largest city, and county seat, of Elmore County, Idaho. As of 2022, the city’s population was 16,469. Mountain Home is the principal city of the Mountain Home Micropolitan Statistical Area, which includes Elmore County. Mountain Home Air Force Base, housing 3,184 residents, is an Air Combat Command installation location 12 miles southwest of the city. Opened in 1943 during World War II, it was originally a bomber training base and later an operational Strategic Air Command bomber and missile base (1953-65). It switched to Tactical Air Command and fighters in January 1966, which was succeeded by Air Combat Command in 1992.
Tourism has played an important role in Mountain Home’s growth. Visitors and residents alike enjoy a wide variety of local recreational activities offered by Mountain Home’s surroundings. Their city has a strong sense of family values and community that you can experience firsthand at their many local events. Mountain Home is also a haven for outdoor lovers visiting the sand dunes, hiking along mountain-side back trails, casting a line at one of their many fishing destinations, or setting up camp and enjoying the remarkable scenic views.
New local entrepreneurs are opening businesses, established businesses are expanding and outside businesses are looking their way! The City of Mountain Home is taking full advantage of all these positive changes by making changes of their own to improve its community.
Sale Price
$6,480,000
Get in touch
Joey Blatner
Lic: OR Lic. #980500024
JB
Megan Wallachy
Lic: OR Lic. #200603442
MW
Matt Naumann
Melanie Nielsen