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1115 Northgate Mile
Idaho Falls, ID 83401
Carls Jr STNL Investment · Retail Property For Sale
Investment Highlights
- Established Operator with 69+ locations in US
- Four (4) Five (5) year Renewal Options
- Call for more details!
- 10% Increases every 5 Years in Primary & Option Periods
- Zero Landlord Responsibilities
Executive Summary
Newmark Mountain West is proud to present the opportunity to acquire a Single-Tenant 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 April 2032.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,834 SF
Building Class
C
Year Built
2012
Price
$2,707,693
Price Per SF
$955.43
Cap Rate
5.85%
NOI
$158,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.59 AC
Zoning
HC
Frontage
116’ on NORTHGATE MILE
Property Taxes
| Parcel Number | RPA5740001001O | Improvements Assessment | $1,500,513 |
| Land Assessment | $307,884 | Total Assessment | $1,808,397 |
Property Taxes
Parcel Number
RPA5740001001O
Land Assessment
$307,884
Improvements Assessment
$1,500,513
Total Assessment
$1,808,397
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