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    1115 Northgate Mile Idaho Falls, ID 83401

    Sponsored
    For Sale
    $2,880,000

    High-yield QSR investment. Strong tenant.

    Property size:
    2,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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 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

    HighLights

    • $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.
    • Located on a hard corner in Idaho Falls, ID, with high traffic counts (over 13,000 and 14,000 VPD on adjacent roads).
    • Excellent location near Idaho Falls Regional Airport and surrounded by strong retailers (Fred Meyer, Wendy's, McDonald's, Starbucks).
    • Debt‑free offering, allowing buyers to maximize yield.
    Property Profile Location Intelligence

    Current Use by Public Records

    Carl's Jr. Hamburger Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Idaho Falls
    County
    Bonneville
    State
    Idaho
    Longitude
    -112.02366258364
    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.
    Request Owner's contact information
    1115 Northgate Mile Idaho Falls, ID 83401
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    Idaho Falls, ID 83401
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    Realmo Value Estimation

    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.

    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.

    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
    1115 Northgate Mile Idaho Falls, ID 83401
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