For Sale
$2,604,452

818 Blue Lakes BlvdTwin Falls, ID 83301

High-traffic Wendy's, strong ROI

Overview

Added:
Dec 11, 2024
Days on market:
116
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.

Highlights

  • Prominent Blue Lakes Blvd location.
  • Excellent co-tenancy with Fred Meyer, JoAnn Fabrics, and Cafe Rio.
  • High visibility and traffic counts on Blue Lakes Blvd.
  • Experienced franchisee with 37 years in business.
  • Owner, GBK Foods, LLC, operates four Wendy's locations.
  • Wendy's is a major national fast-food chain.

Property Details for 818 Blue Lakes Blvd

Property type
Retail properties, Restaurants
Square Feet
2,417 SF
Year Built
1985
Lot Size (sq. ft)
25,700 SF

Location Insight

City
Twin Falls
County
Twin Falls
State
Idaho
Latitude
42.5762875
Longitude
-114.4599459
818 Blue Lakes Blvd, Twin Falls, Idaho

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
818 Blue Lakes Blvd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message