818 Blue Lakes Blvd Twin Falls, ID 83301
- Retail properties
- 2,417 SF
- 0.59 lot acres
Current Use by Public Records
- Wendy's / Hamburger Restaurant / Fast Food Restaurant
Property Details for 818 Blue Lakes Blvd
- Year built
- 1985
- Lot size
- 0.59 lot acres
- Property size
- 2,417 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Twin Falls
- County
- Twin Falls
- State
- Idaho
- Longitude
- -114.46
- Latitude
- 42.5763
