Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1333 Northgate Mile Idaho Falls, ID 83401

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    NNN leased Wendy's with zero landlord responsibilities.

    Property size:
    2,664 SF

    Property Features for 1333 Northgate Mile

    General Information

    Standard status
    Active
    Size
    2,664 SF

    Building Details

    Year built
    1983

    We can help!

    Listing Contact
    Andrew Knudsen
    Source: Crexi

    Listing Agency: Marcus & Millichap - Salt Lake City Listing Agent: Andrew Knudsen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Idaho Falls Wendy's Restaurant

    This property in Idaho Falls, ID, features a 2,664 square foot restaurant situated on 0.77 acres. It is currently leased to Classic Foods, Inc., which operates 9 Wendy's locations in Eastern Idaho. The absolute NNN lease has zero landlord responsibilities and is set to expire on February 28, 2035, with 5% increases every 5 years and two 5-year renewal options. The property is positioned on Northgate Mile and Holmes Avenue, benefiting from combined traffic counts of 31,000.
    Location Intelligence

    Current Use by Public Records

    Wendy's Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Idaho Falls
    County
    Bonneville
    State
    Idaho
    Longitude
    -112.0230754
    Latitude
    43.507633

    Nearby Similar for Sale

    • New
      $2,790,000
      23,916 SF

      Idaho Falls Commercial Opportunity

      23,916 SF commercial property on 1.869 acres for sale.
      1463 Commerce Way, Idaho Falls, ID 83401
      View Details
    • $592,000
      3,264 SF

      Idaho Falls Multifamily Investment Opportunity

      Centrally located multifamily property near downtown Idaho Falls with off-street parking.
      764 May St, Idaho Falls, ID 83401
      View Details
    • $3,250,000
      26,967 SF

      Multi-Tenant Investment Opportunity

      Multi-tenant investment property in high-growth area with stable cash flow.
      3544 17Th St, Idaho Falls, ID 83406
      View Details
    • $425,000
      2,548 SF

      Renovated Home with Shop

      Updated duplex with shop offering diverse income potential.
      805 K St, Idaho Falls, ID 83402
      View Details
    • $1,500,000
      6,337 SF

      Thriving Billiards Bar Opportunity

      Turnkey bar business with potential for music venue or restaurant.
      905 E Lincoln Rd, Idaho Falls, ID 83401
      View Details
    • $675,000
      3,880 SF

      New Duplex Investment Property

      Newly built duplex with garages, close to shopping and schools.
      195-197 2Nd St, Idaho Falls, ID 83401
      View Details
    • New
      $1,200,000
      5,856 SF

      New Idaho Falls Fourplex

      New fourplex near shopping, restaurants, and schools.
      2400 Virlow St, Idaho Falls, ID 83401
      View Details
    • New
      $1,200,000
      5,856 SF

      New Idaho Falls Fourplex

      New fourplex near shopping, restaurants, and schools.
      2416 Virlow St, Idaho Falls, ID 83401
      View Details
    • $1,750,000
      5,450 SF

      Idaho Falls Commercial Property

      Commercial property with high visibility and income potential.
      591 E Iona Rd, Idaho Falls, ID 83401
      View Details
    • $1,890,000
      4,451 SF

      Idaho Falls Commercial Acreage

      Multi-use commercial property with shops, housing, and development potential.
      4019 E Lincoln Rd, Idaho Falls, ID 83401
      View Details
    • $1,750,000
      9,400 SF

      Idaho Falls Restaurant Opportunity

      Turnkey restaurant with liquor license and potential for expansion.
      298 D St, Idaho Falls, ID 83402
      View Details
    • $365,000
      2,460 SF

      Idaho Falls Duplex Near Greenbelt

      Duplex with fenced yard near trails, parks, and amenities.
      1305 Canal Ave, Idaho Falls, ID 83402
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - NNN leased Wendy's with zero landlord responsibilities.
    Where is this drive through restaurant located?
    The property is located at 1333 Northgate Mile Idaho Falls, ID.
    What are key features of this property?
    This property features: - Absolute NNN lease offers zero landlord responsibilities.; - 9-year lease expiring February 28, 2035.; - 5% rental increases every 5 years.
    Request Owner's contact information
    1333 Northgate Mile Idaho Falls, ID 83401
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1333 Northgate Mile
    Idaho Falls, ID 83401
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1333 Northgate Mile Idaho Falls, ID 83401
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Andrew Knudsen
    Real Estate License ID: 9115765-SA00
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!