1115 Northgate Mile Idaho Falls, ID 83401
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High-yield QSR investment. Strong tenant.
Property size:
2,400 SFProperty Features for 1115 Northgate Mile
General Information
- Property type
- Restaurants
- Square Feet
- 2,400 SF
- Class
- B
- Lot Size
- 26,136 SF
Building Details
- Year Built
- 2013
- Buildings
- 1
- Stories
- 1
Listing Agency: Mountain West CRE Listing Agent: Chad Moore
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a 2,400-square-foot Hardee's/Carl's Jr. restaurant located at 1115 Northgate Mile in Idaho Falls, Idaho (83401). Built in 2013, this Class B, single-tenant property sits on a 0.6-acre lot with 22 parking spaces and benefits from a prominent location in a high-traffic retail corridor. The property boasts a 100% occupancy rate with a franchisee tenant under a NNN lease expiring April 30, 2032, offering a remaining lease term of 7.4 years. The lease includes 10% rent bumps every five years. The current NOI is $144,000, resulting in a 5.00% cap rate and a price per square foot of $1,200. The asking price is $2,880,000. The property is situated on a hard corner with high visibility, near the intersection of Yellowstone Highway (over 13,000 vehicles per day) and Holmes Avenue (over 14,000 vehicles per day). Its convenient location is less than five miles from the Idaho Falls Regional Airport and is surrounded by other major retailers, including Fred Meyer, Wendy's, McDonald's, and Starbucks. The property is offered debt-free, allowing buyers to maximize their yield. The permitted zoning is C. This is a rare opportunity to acquire a well-established, high-performing QSR investment in a thriving Idaho Falls market.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Carl's Jr.
Restaurant
Location Insight
- Map
- Local Demand
- City
- Idaho Falls
- County
- Bonneville
- State
- Idaho
- Longitude
- -112.02366258364
- Latitude
- 43.507201313432
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FAQs
What type of property is this?
Restaurant - High-yield QSR investment. Strong tenant.
Where is this restaurant located?
The property is located at 1115 Northgate Mile Idaho Falls, ID.
What is the asking price?
The asking price for this property is $2,880,000.
What are key features of this property?
This property features: $2,880,000 asking price for a 2,400 sq ft Hardee's/Carl's Jr.; NNN lease with a strong franchisee (Stellaris Group) guaranteeing the lease through April 30, 2032, with 7.4 years remaining.; 5.00% cap rate based on a $144,000 NOI.
