Absolute NNN-Leased, Flex/Industrial Building

For Sale

480 N State St, Shelley, ID 83274

This Shelley property for sale is located at 480 N State St. The current listed sale price for Absolute NNN-Leased, Flex/Industrial Building is $5,250,000. Absolute NNN-Leased, Flex/Industrial Building is situated on a lot that is 4.5 acre in size.

Contacts

broker
Lance Hendricks

TOK Commercial

Property Details

  • Property Type Industrial - Flex - Industrial
  • Property Size 25,818 SF
  • Lot Size 4.5 Acre
  • Date Updated Jul 22, 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.
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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.

Getting around

  • 34/100

    Walk Score ®

  • 40/100

    Bike Score ®

Powered by Walk Score ®

Location

  • 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

  • Pony Express Car Wash

    6.37 miles

  • Soapys Car Wash

    6.74 miles

  • Snake River Rapid Wash

    7.65 miles

  • Soapy's Car Wash

    7.90 miles

  • Soft Cloth Car Wash

    8.07 miles

  • Firehose Car Wash

    8.61 miles

  • Idaho Falls Car Wash & Detailing

    8.83 miles

  • Car Wash Express

    8.89 miles

  • Avis

    9.18 miles

  • Hertz

    9.20 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

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Lance Hendricks

TOK Commercial

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