594 N Overland Ave - Fast Food FOR SALE


Burley, ID 83318
$1,338,000 USD
303-328-2050
594 N Overland Ave, Burley, ID for Sale
$1,338,000 USD
Fast Food - FOR SALE
1/5
null | 4.8% Cap Rate

594 N Overland Ave
Burley, ID 83318


HIGHLIGHTS

  • 13+ Years Remaining on Absolute NNN Lease - 2022 Renovation
  • Rental Increases Every Five Years with Multiple Renewal Options
  • Lease is Guaranteed by Sean Cosper, CEO of Home Run Restaurant Group, Inc., Who Currently Operates 11 Locations Throughout Utah, Idaho and Nevada
  • Accessible by 30,155 CPD at the Intersection of Overland Avenue and 400 South Road
  • Households Projected to Increase +6% in 5 Years Within a 1-Mile Radius
  • Surrounded by Local and National Tenants Including Walmart Supercenter, CAL Ranch, Ross, Tractor Supply, and More

OVERVIEW

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

FOR SALE DETAILS

PRICE

$1,338,000 USD

PRICE/SF

$581 USD /SF

CAP RATE

4.8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Arby's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

Commercial

APN/PARCEL ID

RPB3200000007A

ASK ABOUT THIS PROPERTY

Adam LewisMarcus & MillichapMore Info
303-328-2050

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Adam LewisMarcus & MillichapMore Info
303-328-2050

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.