Listed by Newmark Mountain West
$2,707,692
Carl's Jr. STNL Investment in Idaho Falls
Details
APN RPA5740001001O, RPA00008173719
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,400
Cap Rate 5.85%
NOI $158,400
Occupancy 100%
Tenancy Single
Brand/Tenant Hardee's/Carl's Jr
Lease Type NNN
Lease Term 10
Lease Expiration 04/30/2032
Remaining Term 5.9
Rent Bumps Yes
Lease Options Four, 5-Year Options
Price per SqFt $1,128
Class B
Year Built 2013
Acreage 0.655
Zoning Highway Commercial. D) HC Highway and General Commercial Zone
Investment Type Net Lease
Lease Commencement 03/23/2021
Ground Lease No
Retail | 5.85% CAP | 2,400 SqFt
Marketing description
Mountain West is proud to present the opportunity to acquire a SingleTenant opportunity in the Idaho Falls trade area. Subject property is a 2,400 square foot building with drive-thru on a hard corner. Located on an outparcel of the larger center and surrounded by many heavily trafficked retailers. Snow Star, LP recently signed a franchisee guaranteed ten-year lease with 4 five-year options set to expire September 2032.
Investment highlights
- Established in 2008, Stellaris Group dba Snow Star LP is a brand ambassador with over 69 locations throughout the western US.
- Snow Star, LP signed an initial 10-year lease through April 2032.
- Located on a hard corner of Yellowstone Hwy which has over 13,000 VPD, Holmes Avenue with over 14,000 VPD.
- Less than a five-mile drive from Idaho Falls Regional Airport, with a yearly average of 177,768 passenger departures and over 175,125 passengers arriving. In record breaking 2021, the airport experienced 445,041 travelers, which is a 110% increase from 2020.
- Located in the community center of Idaho Falls, surrounded by the Country Club Mall. The property is convenient to the I-15 interchange, provides on-site parking, and building signage visibility for tenant representation.
- Located within the heart of Idaho Falls and in the heavily populated retail corridor. Surrounding Tenants include: Fred Meyer, Wendy's, McDonald's, Starbucks and many more.
- This property is being offered Debt Free, giving a potential Buyer the ability to place it's own debt and Maximize their Yield.
Listing Contacts
Listed by Newmark Mountain West
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$158,400.00
$13,200.00/mo
Valuation Metrics
0
DSCR
5.85%
Cap Rate
5.85%
ROI
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