818 Blue Lakes BlvdTwin Falls, ID 83301

Property Details for 818 Blue Lakes Blvd

Year built

1985

Lot size

0.59 AC

Property size (Sq ft)

2,417 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a 2,417 square foot Wendy's restaurant located at 818 Blue Lakes Blvd N, Twin Falls, ID 83301. The property boasts a 20-year absolute NNN lease with a creditworthy franchisee (GBK Foods, LLC) operating four Wendy's locations and possessing 37 years of experience. The lease includes four five-year renewal options with a 10% rent increase every five years, ensuring consistent income growth. The property sits on a 0.59-acre lot zoned C-1 (Commercial Highway District), offering high visibility and traffic counts due to its prominent location along Blue Lakes Blvd, near strong surrounding tenants such as Fred Meyer, JoAnn, and Cafe Rio. Built in 1985, this drive-thru restaurant generates a substantial net operating income (NOI) of $149,756, resulting in an attractive 5.75% cap rate. The asking price is $2,604,452. The property's APN is RPT00107103060. This is a rare chance to acquire a stable, high-performing Wendy's franchise in a thriving Idaho market. The sale is structured as a sale/leaseback transaction.

Location Insight

City

Twin Falls

County

Twin Falls

State

Idaho

Latitude

42.5763

Longitude

-114.46

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