Bank-Anchored NNN Investment

Further differentiating the property is its private on-site parking, a highly desirable and uncommon amenity within Downtown Nampa. Combined with its recent improvements, established tenancy, contractual rent growth and value-add potential, 1217 2nd St S offers investors a compelling opportunity to acquire a well-positioned asset in the heart of Downtown Nampa.Located in the heart of Downtown Nampa, 1217 2nd St S presents a rare opportunity to acquire a bank-anchored, multi-tenant investment offering stable in-place income with multiple avenues for long-term value creation. Priced at $4,240,000, the property generates $241,047 in current NOI and is located within a Census Tract recommended by the Governor of Idaho for Opportunity Zone 2.0 designation. The property includes 13,043 square feet of above-grade space, plus a 4,000-square-foot basement. The above-grade space was substantially remodeled in 2024 and is anchored by First Federal Bank, alongside Pub & Putt and Solovey Kitchen. Significant capital investment by First Federal Bank and Solovey Kitchen demonstrates meaningful tenant commitment to the asset, while the diversified tenant mix provides multiple income streams. All three tenants operate under NNN lease structures with contractual annual rent increases ranging from 2.5% to 3.5%, providing built-in income growth with limited landlord responsibilities. Additional upside may be available through First Federal Bank’s below-market rent and the approximately 4,000 SF basement, which may provide an opportunity for future lease-up or additional income. The property’s private on-site parking—a rare amenity in the downtown core—further elevates its appeal and accessibility. The DH zoning supports a vibrant mix of retail, office, and residential uses, with city-backed incentives available for future façade or tenant improvements. As part of the expanding Boise Valley metro, projected to surpass 1 million residents by 2050, this asset benefits from strong regional fundamentals, low vacancy rates, and robust economic growth driven by major employers such as Micron, HP, and Amazon. Combining creditworthy tenants, a revitalized downtown setting, and stable income performance, 1217 N 2nd St S stands as a secure and strategic investment in one of Idaho’s fastest-growing urban districts.