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Arby's 594 N Overland Ave 2,302 SF Retail Building Burley, ID 83318 $1,338,000 ($581.23/SF) 4.80% Cap Rate
Investment Highlights
- 13+ Years Remaining on Absolute NNN Lease - 2022 Renovation
- Lease is Guaranteed by Sean Cosper, CEO of Home Run Restaurant Group, Inc., Who Currently Operates 11 Locations Throughout Utah, Idaho and Nevada
- Households Projected to Increase +6% in 5 Years Within a 1-Mile Radius
- Rental Increases Every Five Years with Multiple Renewal Options
- Accessible by 30,155 CPD at the Intersection of Overland Avenue and 400 South Road
- Surrounded by Local and National Tenants Including Walmart Supercenter, CAL Ranch, Ross, Tractor Supply, and More
Executive Summary
Arby’s, founded in 1964, is the second largest sandwich restaurant brand in the world with more than 3,500 restaurants in nine countries.
Burley is a city of about 12,000 residents in south-central Idaho, but its influence extends well beyond its city limits. It serves as the primary commercial and service center for the Mini-Cassia region, which includes Rupert and the surrounding communities of Cassia County and Minidoka County.
Idaho Broker of Record: Adam Lewis - AdamLewisBOR@mmreis.com - License #: 20250136
Burley is a city of about 12,000 residents in south-central Idaho, but its influence extends well beyond its city limits. It serves as the primary commercial and service center for the Mini-Cassia region, which includes Rupert and the surrounding communities of Cassia County and Minidoka County.
Idaho Broker of Record: Adam Lewis - AdamLewisBOR@mmreis.com - License #: 20250136
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,302 SF
Year Built/Renovated
1990/2022
Price
$1,338,000
Price Per SF
$581.23
Cap Rate
4.80%
NOI
$64,200
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.67 AC
Zoning
Commercial
Parking
20 Spaces (8.68 Spaces per 1,000 SF Leased)
Amenities
- Restaurant
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | RPB3200000007A | Improvements Assessment | $321,587 |
| Land Assessment | $363,056 | Total Assessment | $684,643 |
Property Taxes
Parcel Number
RPB3200000007A
Land Assessment
$363,056
Improvements Assessment
$321,587
Total Assessment
$684,643
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Arby's | 594 N Overland Ave
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