For Sale
$2,880,000

805 Broadway StIdaho Falls, ID 83402

High-yield QSR, strong tenant, great location.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a 3,200 square foot Carl's Jr./Hardee's franchise located at 805 W Broadway St, Idaho Falls, ID 83402. The property, built in 2013, sits on a 0.8-acre lot with 38 parking spaces and benefits from a hard corner location with high visibility. The single-tenant building is classified as Class B and features a drive-thru. The current lease, with Snow Star, LP (a franchisee with over 69 locations), is a Net Lease (NNN) agreement with a remaining term of 6.8 years, commencing March 21, 2021, and expiring September 25, 2031. The lease includes four five-year options, extending the potential lease term to September 2033. Rent increases are structured at 10% every five years. The property boasts a 5.00% cap rate, a $144,000 annual Net Operating Income (NOI), and an asking price of $2,880,000 ($900 per square foot). The property is situated in a high-traffic area with over 23,500 vehicles per day on Broadway Street and over 15,000 on Utah Avenue. It's less than two miles from the Idaho Falls Regional Airport and surrounded by numerous national retailers including Walmart, Panda Express, Wendy's, and Olive Garden. The property is offered debt-free, allowing buyers to maximize their yield with their own financing. The permitted zoning is C.

Highlights

  • Strong franchisee: Snow Star LP, an established operator with over 69 western US locations, holds a net lease.
  • High traffic location: Hard corner location on Broadway Street (23,500 VPD) and Utah Avenue (15,000 VPD).
  • Airport proximity: Less than two miles from Idaho Falls Regional Airport.
  • Prime retail location: Situated in a high-growth retail corridor near I-15, with ample parking and strong visibility. Surrounding national retailers include Walmart, Panda Express, Wendy's, and Olive Garden.
  • Debt-free offering: Allows buyers to maximize yield with their own financing.

Property Details for 805 Broadway St

Property type
Retail properties
Square Feet
3,200 SF
Class
B
Year Built
2013
Buildings
1
Stories
1
Lot Size (sq. ft)
34,848 SF

Location Insight

City
Idaho Falls
County
Bonneville
State
Idaho
Latitude
43.49410227631
Longitude
-112.04829932721
805 Broadway St, Idaho Falls, Idaho

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805 Broadway St
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