Map of Property

Absolute NNN-Lease, Flex/Industrial Building

480 N State St, Shelley, ID 83274

  • For Sale $5,250,000
  • Property Type Industrial - Flex - Industrial
  • Property Size 25,818 SF
  • Lot Size 4.5 Acre
  • Date Updated Jul 7, 2025
  • HVAC None
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.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.
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • Absolute NNN Sale Leaseback - to a well known brand tenant, offering stable and reliable income.
  • Modern and Well-Maintained - Building improvements are in great condition, with a recent remodel in 2022, providing a contemporary and appealing space.
  • Prime location - Excellent frontage and visibility along State Street in Bingham County, ensuring high traffic and easy accessibility.

Contacts

broker
Lance Hendricks

TOK Commercial

Location

Getting Around

  • Walk Score ®

    34/100 Car-Dependent

  • Bike Score ®

    40/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Shelley, ID
  • Zip Code 83274

Points of Interest

  • Blu

    3.52 miles

  • Flying J

    3.62 miles

  • Exxon

    5.75 miles

  • Maverik

    6.46 miles

  • Tesla Supercharger

    7.55 miles

  • Phillips 66

    7.61 miles

  • Conoco

    7.67 miles

  • Common Cents

    7.99 miles

  • Walmart

    8.03 miles

  • Electrify America Charging Station

    8.05 miles

  • Truck Parking

    3.53 miles

  • Idaho National Laboratory Park N Ride

    7.70 miles

  • The Broadway Parking Garage

    8.27 miles

  • Idaho Falls High School/Civic Center Parking

    8.67 miles

  • Large Vehicle Parking

    9.55 miles

  • Willow Creek Building - West Lot

    9.64 miles

  • Willow Creek Building - East Lot

    9.66 miles

  • Leaf and Drop Restaurant

    3.30 miles

  • McDonald's

    3.40 miles

  • Burger King

    3.47 miles

  • Subway

    3.60 miles

  • Taco Bell

    5.92 miles

  • Burger Theory

    6.14 miles

  • Kriznet's Soups & Subs

    6.61 miles

  • Stockman's Restaurant

    7.33 miles

  • Hokkaido Ramen House

    7.49 miles

  • MacKenzie River Pizza

    7.56 miles

  • Stop N' Shop Supermarket

    6.79 miles

  • Albertsons

    7.98 miles

  • Walmart Supercenter

    8.02 miles

  • Natural Grocers

    8.58 miles

  • Big Lots

    8.71 miles

  • Kohl's

    8.88 miles

  • Broulim's

    8.89 miles

  • Union Market

    8.90 miles

  • TJ Maxx

    8.99 miles

  • Grand Teton Plaza

    9.07 miles

  • Fire Station 5

    6.80 miles

  • Teton Foot & Ankle Center

    7.39 miles

  • Probation & Parole Bureau

    7.84 miles

  • Idaho Foot and Ankle Center

    7.91 miles

  • Idaho IVF Center

    7.92 miles

  • Idaho Allergy And Asthma Clinic

    7.92 miles

  • Community Care

    7.93 miles

  • Broulim's Pharmacy

    7.95 miles

  • Black Timothy R DPM

    8.02 miles

  • Idaho Falls Fire Station 4

    8.07 miles

Frequently Asked Questions

How much does Absolute NNN-Lease, Flex/Industrial Building cost?

The space currently listed for sale at Absolute NNN-Lease, Flex/Industrial Building asks for $5,250,000.

What is the total square footage of Absolute NNN-Lease, Flex/Industrial Building?

Absolute NNN-Lease, Flex/Industrial Building totals 25,818 square feet.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker
broker
Lance Hendricks

TOK Commercial

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.